Hi all. I am working on the feasibility of a joint venture multifamily development. I would like to re-finance into long term debt once the project is finished using a DSCR type loan. Is it possible to get fixed rate ...

Also, I have all the info on the mobile homes Manufacturer, year, model numbers, beds, baths length, width as well as what was paid for each unit.

If you are ready to make a medium size investment, spend $5,000-20,000 per month on marketing; manage a business operation, and devote full time + to that business, you may have success in building that business to profitability.  

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $850,000

Cash invested: $140,000

Sale price: $1,476,500

Source: Cold Call, direct to seller
Produc...

I've been the owner of a medium-sized business for the past 7 years. 40 years old now and I'm beginning to pivot and re-invest capital into real estate.

Bottom line: there are similarities between operating a short term rental and a medium term rental, but the differences are significant to your business.

However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $850,000

Cash invested: $140,000

Sale price: $1,476,500

Source: Cold Call
12 unit multi family
Pur...

I am having difficulty figuring out how to use the numbers here to see whether i cut my losses or proceed knowing some major capex work could be done after renovation, so hopefully no major expense in the near to medium term, and all the potential of the area in price growth and rental growth.  

If it's not a corner parcel and there's no access to an easement alley on the side or rear you will also require a breezeway on the ground level which narrows the ground level footprint and depending on the width of your parcel, can make the commercial space less marketable.