David Beeson
Banks for a loan on multi-family units
Lets just say the terms were unworkable. 25% down, an extra policy to cover nopayment by tenants, and they were going to add an extra 1.25 to the rate due to Covid. Anyone else seeing crazy terms like this?
Vikas Ahuja
How to scale to small apartment complex?
Hi BP friends, Having bought couple of multi's and one condo in the last couple of years, I want to start investing in small apartment complexes (less than 20 units). Given that I don't have a huge portfolio to convin...
Arash L.
Retail units botching my financing (and dreams)
Hi all! First time poster looking for some help. I am interested in a property that currently has two separate buildings on it; one building consists of two 1bd/1ba apartments (Residential Building), the other buildi...
Alfred Harris
Need Help with BRRRR "refinance" part
I'm a newbie in the real estate rehabbing market. I ran across BRRRR on a Brandon podcast. I understand most of it but got a little confused on The refinance part. Can some explain it in a newbie mindset? Thanks in ad...
Chris D.
Are cross collateral agreements recorded
I am considering financing a local investor who is buying a partner out. My borrower also owns an apartment complex financed with a bank loan and bought within the last year with other investors. I'd be providing fina...
Jonathan M.
Fannie Mae Multifamily Small Loan Program
Hello everyone,I'm trying to find ways to finance my apartment complex, I love the Fannie Mae multifamily loan product. However. I don't meet the net worth requirement or liquidity. Are there ways for me to meet those...
Tim Schmitz
Financing options for multi-family property in the USVI
We own a 7 unit apartment building at the beach and would like to replace our present bank loan with private funding of some type. The banks in USVI are VERY risk adverse resulting in major processing costs and restr...
Brian Ellis
Commercial building - how they’re appraised
Good afternoon bigger pocketsI’m looking to purchase an off market deal. It is “13” units, But 8 of those units are studio apartments.Does the studio apartment (0 bedroom 1 bath) affect the value of the building? I kn...
Rudy Jauregui
Using Apartment Complex to Expand Portfolio
Hello BiggerPockets,I recently paid off my apartment building in S Los Angeles, Ca. I'd like to further invest in more multifamily buildings in California but am stuck. I attempted to get a LOC on my apartment buildin...
Luis Barrios
Our first investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Providence.
Purchase price: $200,000
Cash invested: $10,000
2-family home in Providence. The 1st floor apartment is owner ...