All Forum Posts by: Vishal Punj

Thanks for the input Elizabeth, much appreciated!

Thanks Todd!

Got it.  Thanks Nick, that helps.

Ken, I get what you're saying.

The purpose of the post was to get an idea of what experienced MF folks have gone through with respect to the above. Knowing the validity of certain assumptions will help in navigating the process and if need be, choosing another strategy as a means to get there.

Happy Monday fellow BP'ers!  Been a lurker here in the forums now for several months.  I've listened to several of the BP podcasters who discuss MF as well as read several of the threads here on the forums, but was hoping if some of you could challenge a few of the assumptions I've gathered thus far. 

Assumptions:

1) Upon successful repositioning of a property (3-5 years), expect the refinance to be a 7-10 year term product with a 20 - 25 amortization schedule.  If this assumption is correct, then a follow up question is what options does a successful syndicator have at the conclusion of this 7 - 10 year term?

2) Complexes with units < 100 units rarely justify on site property management.

3) FICO scores do not play a role in complexes with units > 100 units.

4) Loans on complexes with complexes > 100 units are non-recourse 

Thanks in advance all!

Julie,

As far as first steps -- I think it's knowledge.  This means looking at deals and meeting folks.  

Hello all!

Great to join this wonderful community.  I've joined this forum to learn as much as I can about real estate investing, and most importantly learn from others and their experiences in doing deals.  I came upon Bigger Pockets via a random search on Youtube after a long day and was hooked after a few podcasts.  

The wife and I own a small business here in Seattle and one of our long term goals is to accumulate a portfolio of multi unit rentals and/or single family homes within the next 10-12 years.