Commercial mortgage brokers handling transactions in the area can give you an idea of the cap rates they are using to underwrite similar properties in the market.

https://www.chicagobusiness.com/commercial-real-es...A court-appointed receiver is taking another big step in his push to sell off a portfolio of local apartment buildings tied to an alleged Ponzi scheme.A broker has already lined up buyers that have agreed to pay a combined $7.7 million for six South Side multifamily properties owned by affiliates of EquityBuild, a Florida-based real estate firm accused last year by the Securities & Exchange Commission of running the Ponzi scheme, court documents show.Now, the receiver, Kevin Duff, is asking a judge for permission to put a dozen more EquityBuild properties—11 on the South Side and one in west suburban Maywood—up for sale.

I’m currently also evaluating another deal that is 8 units, but it’s two 4-plexes and could be purchased separately and therefore wouldn’t need a commercial loan.

Would you be able to qualify for a commercial loan (as it is over 4 units)?

Get a 30 year fixed rate loan (as long as you still can - I wish I still could, I have to go commercial at this point, 5 and 7 year ARMs), usually at 75% of appraised value.I support your idea of a 150-200k home (at least from my local Milwaukee point of view), it will perform better years 5-30 than a cheaper property.

As far as lending, I have had good luck with commercial loans from local/regional banks. 

Hi!  I know there's a lot of residential activity in Oakland, but are there any folks who are based here thinking about NNN (here or around the country)?  I'd love to talk to you about your approach - my family has be...

I have been approached by a group of Chinese investors who want to fund commercial real estate deals that I am working on. 

No schedule E now what

They have just pulled out of Ohio to focus more out west on their commercial business.I saw some of your posts and thought I’d ask if you had any leads on hard money in the area?