James McGovern
Can a Commercial Real Estate Agent explain why a buyer of a multifamily apartment?
12 February 2024 | 19 replies
These cap rates have been below interest rates even when you could get commercial loans at 4%.That means that, in the past few years, a ton of cash has moved into this asset class.
Lisa H.
Analyze this Property
12 February 2024 | 11 replies
You keep this one and now you have two appreciation assets and tenants are paying down the loan.
Joseph Fenner
How much should I spend on renovations on average?
13 February 2024 | 18 replies
They keep some equity in the deal, but it is still a small amount if you use a hard money loan for the rehab.
Joseph S.
Syndications with BAM, Ashcroft, and/or Praxis
12 February 2024 | 13 replies
I know Fund 3 has 2 fixed rate loans and one floating, but I would confirm the loan structure on the BAM asset, since the financing structure is the biggest driver to all the turmoil you are currently hearing about in the multifamily space.
Ethan Davis
Can a 19 year old get into Wholesaling Real Estate with 20k?
12 February 2024 | 7 replies
The very few that succeed are on the phone constantly, have good people skills, can take a lot of verbal abuse, get to the point and are organized and good at follow up.It's a bit harder right now, for a couple of reasons, people with low interest rate loans don't want to give up that low interst rate and wholesaling has become the gold rush of today where the people selling supplies to the gold rushers made a lot more money than the gold rushers themselves.Can you make money wholesaling, yes of course, if you do the work and grind it out.
Kevin S.
Vetting a Lender. How do you do it?
11 February 2024 | 5 replies
Are you looking for lowest payment possible and maybe an interest only or variable rate (but that has higher risk).Once you define what it is you need, then you should start speaking with lenders and ask them what types of products they have for what it is you need.If it is a traditional lender and they are licensed through the nmls (google nmls consumer access to find them), then that means they have been vetted.Note that most lenders DO NOT keep their loans and they get sold, so age of company is usually not important, experience of originator would be more priority for me
Daniel Bither
Property transfer & taxes
11 February 2024 | 7 replies
It might be possible with the correct type of loan to the trust, but would likely increase legal fees and other costs that your uncles may not be willing to go that route.
Nicole Holcomb
Property Tax Avoidance in California
11 February 2024 | 6 replies
If this is not the case, then assuming there is sufficient equity, the trustee might obtain a secured cash out loan against the property (probably at higher rates then conventional commercial) and after the loan funds, the trustee would then distribute the cash to the siblings who want to be bought out, and the 4plex to the sibling who wants it with the loan still in place.
Karen Somers
Difficulty finding loans under $100K for my LLC
9 February 2024 | 7 replies
I paid cash for my first building and am seeking a loan on this second property so I can scale a bit faster.
Sara Habtom
6 months work history gap
11 February 2024 | 2 replies
If I have a 6 months gap can I still be qualified for a loan to rent properties?