I have a buyer that wants to purchase my 14 unit apartment complex with owner finance, I currently have a commercial loan on it, so I do not know if that is possible. I currently owe 480k and they offered me 615k with...
Can anyone share their experience of when they bought their first apartment building? What bank did you go to? What was the process and requirements like.? Did you have all of your financing options in order before yo...
Hey BP,My goal is to develop an 8-12+ unit building with myself living on premises. Has anyone used FHA for the land and construction cost of a new apartment building? I have absolutely no experience in building resid...
Looking to purchase a few $50K-100K condos as rental property. I was told by a mortgage broker that I will have to make sure the Apartment Complex has less than 15% of the HOA Fees unpaid, and less than 40% of apartme...
I'm a BRRRR investor with property in Ohio and Virginia. A long-time mentor of mine is offering to sell me a commercial property of his. There are 3 leased units on the ground floor (15 year leases) and 1 apartment up...
Hello All,
I would love to learn more information in regards to multifamily apartment investing. I would be interested in starting my portfolio with Class C apartments, with about 6-8 units to start. I am intereste...
Hi BP,
I'm dabbling with the idea of trying AirBnB in 2 of my units that I just turned over in my 32 unit apartment complex.
Has anyone had any experience with this?
Details on the building:
-1 Mile from Green...
Hi, in the state of Florida (Miami Dade), my client is renting his apartment and we already have the offer/contract accepted, where does the escrow money go? A bank account? a title company? I am a new realtor and thi...
Can anyone recommend any small banks/lenders in the NYC area that will do a refinance loan and line of credit for a mixed use building? Something along the likes of:$950K loan (50% LTV), 10 year term, 25 year amort...
Hi All-
I'm looking at multifamily and apartment buildings and wondering at what point would a commercial loan be "accepted." What I mean is, when it's a commercial loan the bank is looking more at the property and i...