Just a heads up.So you calculated out you need  $6 million worth of apartments to hit your goal.A commercial loan may require 20% to 30% down in cash, cash reserves, working capital, and closing costs.You will also need earnest money cash.The lender may also require certain repairs to be done Shortly after the loan is made.The lender may also require the Property to be stabilized as far as occupancy percentage is concerned, leaving little on the bone as far as sweat equity.Good Luck!

Cleared, cleaned up What was the outcome?

SITUATION: SOLD the home under a LEASE OPTION (or it could be even a WRAP AROUND Mortgage (or Deed of Trust) type of sale.They PAY US (on our LEASE or the Wrap Around Note) and We pay the underlying 1st lien lender (serviced by Shellpoint)PROBLEM:The Value of the property has gone up a lot.

@Jan Halasz What's up man!

Thank you  Hello I am following up to see if we can connect.

If you end up picking Westchester and north, make sure you're not too far away from an Amtrak and/or Metro North station as those are crucial for people commuting into the city. 

Or for Closing cost, Ernest money deposits, etc.

There are some platforms where you will need a channel manager those costs vary by who end up choosing.

Originally posted by @Kyle Collette:@James Wise definitely true.. tough situation for sure How much money do you have tied up into this situation?

Look me up on google and let’s schedule a time to chat more about it.