All Forum Posts by: Yoni Benimetzky

What size loan are you looking for? Lending is still available, it just isn't as cheap as it was a month ago. 

Just some thoughts 

1) see if you can borrow money from friends/family

2) bring in a partner on this deal (maybe the gc doing the renovations for you) 

3) find a smaller deal that you can comfortably close on yourself 

Honestly everything is such a mess right now no one really has a good answer for this. You just have to patient. I have a lot of work on hold because I can't get permitting or inspections done right now. You're not alone, if that makes you feel any better. 

Not sure what your contract looks like but usually past due taxes will be the sellers responsibility and should get paid at closing. Speak to your closing attorney about this. I'm also assuming this has not closed yet. 

Best advise I could give you is to do some in depth research on the marker you plan on buying and once the air clears from what's going on start building your portfolio. 

Jumping in right now will be difficult, getting a loan, due diligence, walkthroughs etc will all be difficult to do this month and probably next month. 

Hey Brahm, 

Communication and organization are the most important aspects of a property manager in my opinion. Using and mastering the right software and having an open line of communication with your tenants are keys to success. 

Carpet on floors above the first floor will soften movement for below units. It's not a quick fix but there also isn't a quick fix for this problem. 

I think you can list it but it's just better practice to wait. The seller might get upset with you even if you have a good relationship with them. You certainly won't be able to get in any contract since you won't be legally allowed to encumber the property. 

Hi Vineel,

I would first reach out to Lennar and ask them. You probably have force majeure language in your contract that can potentially give you some breathing room. If you don't get encouraging feedback from Lennar I would consult with a real estate attorney. They will need to review your contract.

Hey Ashley, 

The next step in putting the property under contract and beginning your due diligence. If you haven't done this before you'll probably want to find an experienced realtor & attorney to help you along the way. There are a lot of things that go in to making sure your investment is sound.