Quote from @Min Zhang: Welcome to the community Sandy! 

Here is a copy paste from a post of mine a couple years ago.http://forums.biggerpockets.com/viewtopic.php?

There has been a significant influx of deals which I’ve gone bad in the past 24 months.

@Harsh Poshti Some of my investment focus in the past few years has been geared towards mix-use assets.

It has to be worthwhile for both parties. for example 10% share of profits on a $100k deal basically will yiled us nothing. we typically take 50% upside at a min. 

Please let me know if you have any questions.November 2024 Market UpdateOur market updates over the past 2 years have hopefully prepared you for the declining market that we are currently experiencing.

We like self-storage because even if there is a recession, and people downsize, those people will have a need for self-storage, as evidenced by storage occupancy rates during past recessions.

Other small things I do besides leasing, mangement, some maintenance, are installing keypads to doors, programming gate remotes, garage remotes, doing walk throughs, doing walk through videos (15-20 mins move in/move out videos), advertising videos, take care of our website, our portal, fix the gates and cameras when they go out, just like everything you can think of.   

It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).

Two Years into My Multifamily Real Estate JourneyFor the past two years, I’ve been diving deep into multifamily real estate.