Marc C.
Freddie Mac names top multifamily lenders
http://finance.yahoo.com/news/freddie-mac-names-to...Maybe the next time someone posts "Multifamily lender wanted" they'll check this list first. These loan brokers also do non-Freddie financing. (Freddie's Small Bala...
Ben Lockspeiser
Financing on a 6 unit in NYC
Hi All, I have an opportunity on an off-market 6 family in Astoria, NY. Here are the numbers:6 Units Rent Stabilized Building, Semi-Detached Solid Brick3 Car Garages And Wide Driveway.Total Income : $132,600 Total E...
Justin Goodin
I bought a deal with negative leverage. Here's why...
I bought this townhome community with NEGATIVE leverage going-in. And don't regret it...What's negative leverage?When your cap rate < interest rate.In this case, we bought this property at a 5.5% cap and locked in ...
Joshua Dorkin
Declining Market Designation
I might be living in my own little bubble, but I just found a blog article that blew my mind. Apparently Fannie and Freddie have the ability to lable different marketplaces as "Declining Markets", a designation that ...
Olusola Abitogun
Finding Inquiring in Barberton, OH
Hello All
We currently have 9 units in Barberton OH. This property needs about $50-$80K renovation. We purchased it for $170K. Estimated ARV is upward of $365 or possibly more. But we need to stabilize it.
What ar...
Chris Yeakel
Cap Rate Comps and True Value
Hi all,When purchasing a commercial multifamily, should one use cap rate to determine the “value of the purchase”, the potential value of the property, or both? For example; if I have a property selling at a low 6% ca...
Scott Ellis
ROI during Pre-development and Construction Phase
Hi there. I'm purchasing a 4-unit property to redevelop with a bridge loan for pre-development and then will be getting a construction loan after we're permitted by the city to redevelop a new 10-unit in it's place.I...
Colton T.
Who’s investing in new build apartments?
I see a lot of talk on every RE investment site about buying underperforming apartment complexes and adding value. Laundry, rent raises, storage, parking, etc. Obviously everyone enjoys an undervalued asset. Isn’t t...
Brian G.
Seeking Multi-Family Investors
Seeking investors interested in a 125-unit Multi-Family property located in Syracuse, NY. As-Is Cap Rate 8%. Reasonable potential to bring Cap Rate to 12% simply by bringing the property back to the rent roll of years...
Matthew Wright
Cash Out Refi 8 Unit
I have an 8 unit I bought in April, that Im looking to cash out refi after done with value add. Value add will be increasing rents, lowering dumpster fees, lowering utility costs, new windows and paint. The biggest va...