What would be your terms on a 5/5/20-year amort period be?

I’ve heard from some lenders that I need more equity, others said there was a “cooling period” required after purchase to be able to use additional gained equity in land (from rezoning), and others needed prior experience.

It’s a pretty poor business practice to change the lease after the tenants signed. 2) I would find it easy to believe that somewhere in your contract it would say you owe the year’s management fees or there’s a 30-90 day termination period or any other thing that could cost you at least another month’s vacancy.

For the life insurance route you need a policy structured in a certain way AND for the policy to have been in place for a period of time for it to have the value you need typically.  

This is due to the fact that many lenders provide various loan programs with various periods, interest rates, and minimum down payment requirements.

There are both fixed and variable costs associated with renting out apartments in a multi-family building for short- or long-term periods of time.

Aside from the traditional long-term rental, the borrower could opt for a short-term rental income strategy instead, in order to generate higher cash flow in a peak period and then sell the property before the 12-month loan term expires.

(hereinafter called the “Property” and sometimes the “Premises”), 4 dwelling unit(s), upon the terms and conditions hereinafter set forth, for originalterm beginning on 2/1/2023 and ending on 1/31/2024 and shall automatically renew for successive twelve (12) month periods.

@Michael Smythe As an example what happens if your PM contract with an owner explicitly includes snow removal as a service, your company does not clear the snow in the permissable time period and a tenant or anyone for that matter slips and falls?

Just not sure if I am able to do all over that in NJ over a 2-3 year period with my cash on hand.