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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...
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Hello BP,I'm looking for feedback from a few people who can closed on some commercial loans. We're looking at purchasing a 6-unit apartment building, but I'm not sure what the interest rates and terms are on commerci...
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Looking for assistance to analyze a Mixed Commercial building that has three sections and it used to be a bank. It's one building and all is connected. It sat empty and not used for 10 years. Section One: The bank, lo...
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Hi this is Swanny,Please realize that single family, duplexes, triplexes and quads are valued based on Comparative Values or commonly known as Comps. You are at the mercy of comps when you buy, sell, or refinance the...
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Hi all,
I just started my research about apartment buildings in Ontario and already got a few surprises....
.7+ Apartment Buildings:
It seems it's very hard to get 15% CMHC financing since they wi...
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Looking at a 26 unit complex.
Price $650,000
Got an email from the brokers finance guy
He said
-70-75LTC
-5twar with 25 year am
-indicative pricing in the lower to mid 6’s(depending on the sponsors strength)
I am ...
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Hi everyone,So I'm considering purchasing a 2-family property which has an empty basement in the NYC area with FHA 3.5% loan. Both apartments are fully occupied and I was going to take the basement so I can keep the r...
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For those who invest in multifamily apartment buildings was your first ever deal an apartment building big or small or did you start with a single family property?I want to invest in multifamily apartment buildings an...
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I recently listed my 2 bedroom + office apartment unit on Zillow and Cozy. My wife and I live upstairs so we'd like to get the best possible tenant downstairs. A woman responded to my pre-screening email very quickly ...