If you go commercial, it's not as critical. - Where are you planning to buy?

Our plan was to acquire 2 or 3 single family homes then make the leap to developing bigger commercial projects from raw land with a proven history in real estate investing. 

They're responsive, easily accessible and are on top of maintenance issues in a proactive way instead of being reactive.  

I ended up approaching a small local bank in town and talked to the commercial lending department.  

I'm looking to purchase a commercial multifamily property on the south side of Chicago, buying cash for $100k with a HELOC.

I have access to wholesale pricing, and I can check it out, but it is a bit of a pain.

The builder specializes in hotels, but feel free to ask any questions that might have to do with other commercial or even residential real estate property types.

Does anyone know how to access the Flippin Calculator both on mobile devices and of course on the main computer website?

I currently have a few units and I'm looking for an experienced manager who is accessible and bilingual (Spanish) to assist mostly with communication, enforcing rules, inspections, tenant screening, rent collection and move in/out preparations and evictions.

Property $40,0000 + $3,000 Rehab ($850 Closing) - Rent conservative $700/mo - optimistic $750/mo   (its a 3/1 I have a 2/1 close that I rent for $700 right now)Commercial loan from portfolio lender that will finance upto 85% of broker price option of $50,000 (terms 25yr at 4.35%) as long as DSCR is over 1.25 its over so no issue.Would you ratherA. put 20% down and finance $32,000 ($11,850 in) with $244/mo cashflow on $700  $700/mo- $175 mort- $75 tax- $56 prop man (8%) (I pay 6% because every property over 4 with them drops from 8% to 6%)- $45 ins- $70 repair (10%)- $35 vac (5%) - property management is local and averages 2-3%= $244 ($174 if you figure 10% capex, but some people only do 5% repair then, which would be $209 cash flow)$2,928/$11,850 = 24% cash on cashorB. put 0% down finance $40,000 ($3,850 in) with $200/mo cashflow on $700$700/mo- $219 mortgage- $75 tax- $56 property management (8%) (I pay 6% because every property over 4 with them drops from 8% to 6%) - $45 ins- $70 repair (10%)- $35 vac (5%) - property management is local and averages 2-3% usually 20-30 people per open house I rented my last house in 4 days= $200 ($130 if you figure 10% capex, but some people only do 5% repair then, which would be $165 cash flow)$2,400/$3,850 = 68% cash on cashI live 25 minutes away,  I like the cashflow higher but I have a good W2 job that allows me to invest $2,000 a month of my own income into real estate plus cashflow from properties is all re-invested.