Our credit would be increasing and our debt load would drop by $1,500 per month. 

I have a painting business and my partner has a construction business in nyc and we've already been doing jobs in CT. as for time I have loads of time on my hands and I am pretty handy my self.

For a property with $101k income, it might be worthwhile upon purchase to do a cost segregation study so that you can front load the depreciation.

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

Ahahaha, she would even let me load my own bag in the back and she insisted I sit in the front with the driver, her husband.

To sum up the risks to the seller; the seller remains liable on a note which is secured by real estate they no longer own; the property sale has violated the due on sale clause of the mortgage or deed of trust and the note can be accelerated by the lender; the seller’s credit capacity is impaired because he has debt with no offsetting property equity.  

Factor in things like credit health, de­bt load, and financing options.

It allows you to front-load depreciation way faster than the standard 39 year straight line.

Hello everyone,In my professional capacity, I wear a couple of hats that I'm truly passionate about.

He focuses on luxury STR properties with loads of amenities as a way to stand above the crowd.