When it's tenant occupied and time to refinance, would the commercial loan be based on the 700k total?  

Each area has pros and cons based on why you're investing and the life resources you are able to allocate.

NOI is what it is, and is property-based for easy comparison.  

Hi @Annie Balagot - I'm a broker, investor, landlord, etc. based in NYC & Westchester. 

@Jay JohnsonOne thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.

Currently based in Madrid, Spain, I'm looking to invest in real estate in Miami.

(same process for a 6-unit you want to convert to a 4-plex) You'll need plans drawn and a scope of work showing the finished project, but quite simple The stress test will be based on the 4 units and not the 5-6 units bc the 5-6 units will not exist when the project is completed. 

should this be good base line calculation for renting to them .  

My huge issue with these guys (and Wealthability) is the business formula appears to be the following:Master guru sucks you in with their knowledge via books, podcasts, Youtube, seminar.Master guru tries to hire minions to re-create his success (it underdelivers)Master guru tries to scale too fast and becomes more of a salesman (clients further suffer)I am interested in learning more about this and can deal with negative reviews but the negative ones outweigh the positive ones online for Anderson and in 2023 no less, so this is an active problem. 

IN TEXAS, suits based on contract, the prevailing party may recover attorney's fees.Relief in a suit - IN TEXAS, specific performance is frowned upon (read, unlikely) if monetary damages will make the prevailing party whole.