Bob Alva
Question about Refi on a 30yr adjustable
Hello everyone, I took out my first commercial loan a few years ago for a multi-family. It's 30year amortization, but first 5 years were fixed and on the 6th year it will auto adjust to the libor rate plus 2.25%, the...
Spenser Murphy
Multifamily Commercial Financing Help
I want to a buy a 2-4 for unit property. 1 to 4 units falls under a residential loan. I spoke to a lender and they were very rigid in their requirements. I keep reading 5> unit properties are commercial loans. This...
Lilach Holtzer
Any successful BRRRR in Jacksonville, Florida in the last 6-12 months?
If yes, which neighborhoods is relevant?I have doubts because the rent is too low in relation to purchase price and other expenses?
Scott Spicer
Lending on a commercial property under $1million?
Does anyone have financing suggestions for a 14 unit apartment complex that is under $1,000,000? I’m looking for a 30yr fixed, 80% LTV. The lenders I’ve found only offer a 20yr amortization, which greatly diminishes ...
Ryan A.
Multifam under contract - deal or no deal?
I have a 290~300k triplex in Westerly RI tied up under contract for 242k. Seller willing to finance 33k. Currently fully occupied (but filthy) with yearly rents of 24k. Could be cleaned up and rented 30k a year I esti...
James Sullivan
Seller financing help??
Ok, I have been reading about seller/owner financing and still I am a little confused. I am in a scenario where the seller owns the property free and clear and would offer me seller financing. Say the seller would ...
Michael McCorkle
Help me analyze this deal? What am I missing?
I would like help analyzing a deal that looks good to me. Even though I am not able to move forward on it at this time I am trying to hone my analysis skills for when I can. Please give me your thoughts.1. Three tripl...
Greg Strunak
Working on my first seller finance deal
Hello, new to the bigger pockets forums. I'm looking to make my first short term rental deal using seller finance. I was able to find some sellers offering some deals with seller finance. I was hoping to get some good...
John Suralik
32 Unit Apartment Complex: Is this a deal you would do?
Hi Fellow BPers, I was looking for some feed back about valuing this 32 unit apartment complex. I feel comfortable analyzing SFH, but I want to learn more about multifamily. So is this a deal you would do, and if no...
John Truong
Tax reporting - initial financing costs vs refinancing costs
Hello BP members,All the searches show how to report refinancing costs for a rental, but not the initial financing to buy a rental. Are they reported the same way?When I refinance a rental, all (or most?) of the closi...