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29 May 2024 | 36 replies
I have a couple of units and is working very great by the way we are building 30 units of suits apartments for Airbnb ( not for sale ) But if you are worried because of the all-inclusive resorts remember not all people travel to a new country to be 24/7 inside a resort there are many things to do in DR starting with knowing the culture, history, and of course the gastronomy and you will never find out that inside a resort.
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29 May 2024 | 10 replies
Also I think it's worse stating that the smaller units the more desirable.
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28 May 2024 | 1 reply
Terms were not to turn the units and leave them vacant for the new owner.
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29 May 2024 | 15 replies
I break up each tenat as Unit 1, Unit 2 etc.
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29 May 2024 | 2 replies
What developers used to be able to build 2 units on a 25x100 they can now build 3, allowing them to offer more for 25x100 lots and profit more off these builds.
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28 May 2024 | 5 replies
Hi - typically Mixed Use properties are going to require a traditional commercial real estate loan from a bank, small balance commercial private lender or for the larger ones a CMBS style loan.However, a newer "DSCR Loan" product for Mixed Use is making a comeback - which is a really great option for smaller properties/more beginner investors since it has all the same trappings as a residential DSCR Loan (30-year fixed, easy qualification, straightforward process) for a property with commercial units.Generally going to be limited to 8 units max and has to be primarily residential in every way (majority residential by units, square footage and rents) but if it fits all that, its a great option
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28 May 2024 | 5 replies
Jalen,There is actually a Portfolio program that will only require 15% down for any investment 2-4 unit multifamily.
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29 May 2024 | 5 replies
Ideally you can find a multi unit (2-4) to increase revenue.
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29 May 2024 | 1 reply
The current rents are $600 per unit, and the seller mentioned significant renovations over the past two years.
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26 May 2024 | 9 replies
One of my clients saved $800 a year and another client with a smaller 2 unit saved $400 a year.