Every year, I post a macro analysis/predication for the upcoming year for multifamily real estate. If curious, here are the last two:
Jan 2023: Multifamily Real Estate is At Risk of Crashing
Feb 2024: Multifamily i...
Deal 1:
I've got a motivated seller of a 4-plex. With a cash offer of $150,000, the cap rate is going to be 15.2%.
Now, I've got an investor lined up who will fund 70% the deal (I'm putting up 30%) at 7.5% (20 ye...
Hello,I am looking into commercial loans to get into multifamily buildings... I am sending out emails to local banks in areas I want to invest. These loans are a bit more tricky than conventional loans and one of the ...
I am an out of state landlord and have a rehabbed one bedroom condo in a historic building in downtown Indianapolis. Since I bought it in 2006, I have rented it as a furnished unit to corporate execs. My medical res...
Our HELOC on our primary finally came through and it appraised at the top of the market! We are pleased with that 1.25% minimum pmt at @7% interest, 10 year draw with a balloon at the end. We are excited but also ne...
Original owners passed away, house been abandoned for two years, some code violations. I would like to buy the property. Is it feasible to offer the bank to buy the note at full price (not short sale) so I could fore...
Hi!
Well, I closed on my first rental, and rented it a week later. Tenants are thrilled with the house, and I'm thrilled to have a full deposit and 1st months rent! It will cash flow $550 a month.
In the search for ...
Should I shop around for a better interest rate or take the first offer I get? I know they run my credit every time and I don’t want to keep taking hits but at the same time if I get a good lender then I’ll stick with...
Everything I come across doesn’t cash flow, or squeaks out a couple hundred bucks a month (which doesn’t even cover Cap-ex). Every broker I talk to says the same thing “yea that’s pretty typical these days.” Everyone ...
I have recently put a property under contract and I have a private money lender who is funding the deal. It will be a cash purchase with funds from the private lender. This will be a long-term buy and hold. The priv...