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Newbie question. I read a lot of people complaining that short sales take too long. Would attempting to short sale on properties that are about to foreclosure motivate lenders to move faster? I read that lenders rathe...
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I own multiple properties including a 4plex, I am very familiar with residential financing requirements. I am exploring the requirements for purchasing a apartment complex 25+ units. Can anyone outline the typical req...
I am in the process of closing on the purchase of an 8-Unit apartment complex in Florida. Each unit has four bedrooms and four bathrooms. The property is within 1 mile of a major public University. Each of the bedr...
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Hello All,Quick question for clarification. After I reach my max of 10 government backed loans (almost there which is why I am asking) do I have to start looking to credit unions or commercial institutions to refinanc...
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Looking for info from BPrs that bought apartment building using owner financing 20%Looking for the proper way to write offer asking owners to finance the 20% needed to buy apartment building.Offer 1.3m, would like own...
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Hey all!Today was an exciting day as I have my first Multi-Family deal in the bag pending a good roof cert we are on to closing. I secured the deal with owner financing @ 5% . I am beyond excited about the opportunit...
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I am interested to hear some first hand insight from those of you who owned small apartments (3 - 10 units) or large apartments (100+) during the 2008-12 financial crash. I would like to hear about the major issues or...
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The Power of Real Estate & My Favorite Story From My Career: In 2008 the foreclosure crises was beginning and I started purchasing foreclosures in Ypsilanti, MI, I made an offer on just about every one that hit t...
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These are the loans where a bank lends you (for example) $10,000, but you must establish a CD or savings account with that bank in the amount of $10,000 as collateral and you can't touch the account until the loan is ...
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Hey all,I'm hoping a more seasoned commercial multi-family investor can help me with this issue:I found a building that used to be a 10-unit apartment building but the previous owner gutted it completely and now it is...