- A 0% down, seller financed deal, typically equates to little to negative cashflow!

How did you finance this deal?

As far as rate is concerned, you can usually go about two points over the current rate (less closing costs for a seller financed deal so there is no real expense there) You need to make sure the borrower can cover that.

Begin by targeting distressed properties in gentrifying neighborhoods, securing financing through hard money lenders or private investors, and focusing on cost-effective renovations.

If you’re looking at retrofitting to separate heating for each unit (like furnaces or mini-splits), you might be looking at a higher upfront cost, but it can shift utility expenses to tenants and improve your NOI.I’d factor in boiler age and efficiency when analyzing deals and if it’s near the end of its life, negotiate a price reduction or a credit.

If you’re exploring financing strategies or want to discuss how to structure deals for your goals, I’d be happy to contribute where I can.Looking forward to seeing your journey unfold!

My goals with BP is to continue to learn everything I can about financing, analyzing deals, obtaining leads, and managing my rentals.

How did you finance this deal?

I’m in my 20s, 3 yrs into my Finance B.S. and I live at home so my current expenses are very little.

- What are the key items to consider from a code/zoning stanpoint when researching various towns- Any unique items to consider about financing a small multifamily?