we are building a building just like this in Columbus Ohio except vertical. we added kitchens and all studios and common commercial and mixed it in. multifamily is much easier to finance. we got a similar valuation. we don't have to buy 1 million dollars worth of furniture either. apartment hotels are what some people call them but we are underwriting affordable housing. we copied the hotel development rezoning applications in our market but went for multifamily and I had it underwritten at 15 million and we just had the number one debt placement broker look at it and appraise it for 20 million because they added a tax abatement. hotel development works because of the nightly rate and higher occupancy and no kitchens in every unit.

Hello, I am looking to buy my first property (most likely an investment fourplex), but just left my job to start a grad program.

Hi,I wanted to ask if there is a lock box (to put keys inside) that I can buy that doesn't require WIFI at the lock box location.

Especially if the condo can be a STR, an ocean view makes it more valuable...not to be a "butt head", but people can buy/rent and look at a parking lot anywhere for much less.If you think you've got a good agent, take their advice. 

@Dalton Tahy I have a friend that lives in Boston and he has no plans buy RE because it's so expensive.

I do have a Commercial Fix and Flip Program that will provide cash for the acquisition and to Rehab the property.Once it's stabilize we can secure Permanent Financing and take out the bridge loan.Multifamily has, by far, the most interest in CRE Financing world, if it's a good enough deal we can get you the financing but I refuse to make bogus promises about what is and is not possible.If you DO NOT have the cash to put down on the property there a few creative financing avenues which may be possible if you have a motivated seller that is willing to work with you on terms.The 68% occupied property would be most fit for creative financing because there is clearly something going on there with the current owner.You can look at a master lease with an option to buy or doing a wrap combined with a seller second... the only thing is that the seller is highly unlikely to accept those scenarios.Now... there is one "highly unlikely to happen" scenario where you could technically get 100% financing but, again, the seller would have to be out of his mind to say yes.It entails a Hard Money FIRST MORTGAGE of less than 50% of the "Quick Sale" value as determine by a BPO... this would serve as your down payment.

Hello, we are a property management company and looking to grow our business we are having a hard time finding more leads. we tried cold calling but it didn't work out well do anyone has any recommendations of a platform where we can buy warm leads?

Any institutions you can buy it with or do you have to go to the government website?

I cash out refinanced my primary in 2019 right at the start of lockdowns with the idea of buying a new home and rent my current.

My strategy is buy and hold so would be looking for a cash flowing rental and your post definitely sparked my interest in looking closer at the Reading market since I'm only 45 minutes away.