6 March 2018 | 9 replies
For down payment, the lenders I typically work with require 15-20% for a duplex (highly recommend 20% as PMI on commercial is very high killing ROI), 20-25% for a triplex, and 25% for a fourplex.
9 March 2018 | 8 replies
When looking for funding how are the deals typically structured for private funding of small multifamily buy and hold properties?
5 March 2018 | 12 replies
This facility is unique that it is in a resort town, 100% rented with a waiting list, not typically accessed on a daily basis.
1 March 2018 | 0 replies
This is typically filled out by the homeowner when the home is listed.It details just about everything that could be wrong with the home, the neighbors and the neighborhood.You are required to disclose everything you know about the home that may materially affect the home’s value and the buyer’s enjoyment of the home.Yappy dog next door?
1 April 2018 | 10 replies
I typically ask myself, "if I had 10 of this tenant, would I be ok with that or would I be pulling my hair out?"
3 March 2018 | 9 replies
From my experience with underwriting we would typically budget for 1 in and 1 out as employees per 100 units - this would cover leasing and maintenance.
5 March 2018 | 2 replies
Essentially, up front you want to know what you can afford.
9 March 2018 | 10 replies
I'm a buy and hold guy, but I typically find that in less than 5-7 years I have enough equity that it makes sense to 1031 into something bigger and better.Good Luck!
7 March 2018 | 6 replies
@Denise Fitzgerald most investors choose 30 year fixed rates if they are using the "buy-and-hold" strategy (essentially renting).
3 April 2018 | 23 replies
We’re meeting about once a month typically on Mondays around 7pm.