Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

It is a great deal for the silent investor as they typically make 50% - 100% COC in less than a year.

The partials we purchase are usually on shorter term notes i.e. 120-240 month terms and investor loans to other investors that typically put 15-25% down. 

• How do leases typically handle furniture/appliance damage or wear?

In my experience, a successful BRRRR typically comes down to two main things: finding a good deal and managing an efficient renovation.

We change the order from time to time, etc but no new full set of pics UNLESS there is a design refresh, or renovation of some sort. 

Quote from @Enrique Toledo: I came across a really good seller financing deal and I would like to purchase it as my first deal but I don’t have enough money for the down payment.can I use a lender of some sort to give me money for the down payment?

Also just any sort of advice or personal experience in that market area.

Landlords sorted by unit count in Philadelphia as of January 20th, 2025.Note: It doesn't reflect pure ownership, especially for corporate landlords.

These are business purpose loans so there isn't any sort of red tape when purchasing multiple properties at once or one after another.