Hussain Raza
Bought a property in auction, am I spending too much money fixing
I bought this property for 12k in auction it has two separate apartments (2 different roofs) both are 2 beds 1bath. I rebuild 1 that had a good roof and is renting for $900 roughly spent 32k on fixing it. It was in a ...
Dominic Balconi
How Did You Fund Your Large Apartment Deals?
Greetings, everyone.Just a quick simple start to the discussion here; feel free to take it wherever you wish.How have you personally, or what are the best strategies in your opinion, to fund large apartment deals (32+...
Sunil Sharma
HML or PML or Conventional financing?
Hello Forum,I need your guidance in understanding what is better option when it comes to financing the commercial properties (multifamily rental apartment bldg.) for around $400K between Hard Money Lenders and Private...
Rahul Gupta
Long Term Rental Loans for low cost properties?
I am looking at 8 houses as a part of a deal i am getting at 30k a door(The rentals in the area are very good). The dilemma is that i am not able to find a hard money lender who does long term rental loan for prices t...
David Boroughes
Financing question. Loan type?
Looking to finance 75% of $1,000,000 for a 12 unit apartment complex which grosses $110K, expenses are $40,000, so NOI $70,000 (not including debt service). I'd be purchasing as an LLC and am looking to have the prope...
Bob Asad
Use SFH HELOC to Purchase 12-Unit Apartment?
Would you recommend doing something like this?Using SFH primary residence with a HELOC (ex. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could g...
Juan S.
Combining Conventional and Owner Financing
How it going BP,Is it possible to combine a conventional mortgage and seller financing at closing, will banks go for that? Back story.I found a deal on a single family home that has a garage apartment that could be r...
Nick Patterson
Vacant Multi-Units Strategies
Due to my "liabilities" of other apartment houses. My bank will not provide financing to me for a vacant 6 unit apartment complex.
Has anybody else come across this and what strategies did you use to push pa...
Logan Badenhop
owner occupied mixed use commercial property refinance
Hello, I came across a mixed use property in need of major rehab that I believe has a ton of potential. I already have a private money loan pre approved that would cover the purchase price and the est. rehab for the e...
John Chapman
Information on HUD loan for apartment building purchase
Has anyone ever had a HUD loan for the purchase of an apartment building? I'm not if they are direct lenders or if they just issue guarantees to a lending bank. I'm looking at a loan of about 1.1M for the purchase o...