I suspect you spoke to bank employees who weren’t in their commercial lending division and didn’t understand your borrowing request. 

To plan investment and future rental goals in Albany, research market trends, explore financing options, understand landlord-tenant laws, manage property early, budget for maintenance, and connect with local investors.

Quote from @Rud Sev: Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how preferred returns/cash flows are taxed, if at all, until the amount invested has been returned.

I’m eager to connect with fellow investors, agents, and local market experts who can offer insights and share experiences.I’m excited about building relationships within this community and would love to learn more about your perspectives on the market.

I understand that placement fee if one month is often standard for PM companies, but usually a lot of work and effort goes into placing a tenant.

Getting pre-approved, networking with local investors and agents, and understanding LA’s market challenges will set you up for success.Good luck!

You can go on Thumbtack, TaskRabbit, etc and handymen will not go out for less than $125 a job plus supplies.What most owners who are not hands on do not understand is the value for their time.

Understanding that would be a huge help.

@Stuart Udis Thanks, I understand the possibilities.

Need a lender who understands that clean title will only occur on the day of closing.