All Forum Posts by: Varun C.

Investment Info:

Townhouse buy & hold investment.

Purchase price: $298,000
Cash invested: $14,900

Townhome in a community - 3 bed 2.5 bath with a living room and office room.

Appraisals typically are based on similar comps to the property in the area (< 1 mile).   Also, it varies on the type of upgrades done on the property, etc.

Tenants would help you with the financing part but not with the appraisal to the best of my knowledge.

We are expanding our portfolio in Raliegh/Durham metropolitan area and are looking for investor-friendly closing companies preferably with fewer closing costs.  Can anyone help with the companies that they dealt with and their experience?

Need suggestions on the HO Insurance providers in the Raleigh/Durham area who can provide quotes for old/distressed properties.

Investment Info:

Office Space commercial investment investment in Frisco.

Purchase price: $380,000
Cash invested: $80,000

Commercial Office Space - With 5 office rooms, a conference area, common area and front desk area.

What made you interested in investing in this type of deal?

First investment in the journey.

How did you finance this deal?

Commercial Loan through RBFCU

Lessons learned? Challenges?

Vacancy plays a major role and needs to be accounted more for CRE.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, did work with agents for renting it.

Hi Garrison,  Here are some of the hard money lenders you can try and talk to if they can do without 6 month seasoning period.

https://www.loanguys.com/

https://alohaprivatelending.com/borrow/terms/

https://www.visiolending.com/rental-loans

https://www.limaone.com/