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I had posted this deal a couple of months ago. The property is still listed (red flag) and I am revisiting this opportunity.Asking Price: $260,000Apartments: 9 Units (Fully rented, average rent is approximately $370/...
In the process of financing an apartment complex it has been necessary to scour my local area banks, credit unions and other sources.
What I found in my neighborhood was many banks that are not lending for real estat...
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So, I'm buying my first property, and a broker I'm talking to is trying to tell me about investing commercial grade like 40-60 unit college housing style investments.How is this different from buying a normal investme...
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Quick question... I have a HELOC for around $200k on my primary residence and have the tools/team in place to syndicate. However, I'm wondering if I can pull the HELOC funds to use as a down payment on an apartment d...
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It's a 6-apartment retail office conversion.We have 200k+ to invest, need $420k to get commercial loan.Would love help with how to structure the deal, docs, how to approach investors.
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Hi all,I have an application pending. Good credit score. But bank ending balance for her and her boy friend is about $200 each.The deposit and rent she has to pay will be about $2800, I ask how she is going to pay she...
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HelloA couple years ago my wife and i sold an apartment at an excellent profit and did a 1031 exchange to another apartment. We now rent that place and own it outright, it is in a condominium building and has been ren...
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I have a situation I am in. I have been waiting for a perfect piece of land to become available for purchase for an apartment complex I would like to build. I have just learned that this land has become available for ...
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Has anyone done any short sales on multifamily units?
I'm looking in my backyard and there's a glut of quadplexes all on one street for sale by absentee owners, all of whom bought in the past 3 years. Based on the 50...
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Hi, i am in a mid-sized town in Arkansas. I currently own a duplex and 5 rental homes around town. We bought our first rent house almost 2 years ago now. It was a bank foreclosure. Appraised at 60, paid 30. We used eq...