Derek Lamonde
Interesting in apartment buildings/multi-family units
Hi,I own a couple of single units and we were looking to add to that this year, but I'm exploring the idea of multi-family units. I'd like to identify strategies to seek out locations that are in financial distress, f...
Sarah Ziehr
Financing on a Multi Family 5+ units
I am working with a new investor that is considering multi families in the $2m-$3m price range. Can anyone out there give me some ideas on what lenders look for in terms of the property? What #'s from the financial st...
Christian (Whitehead) Scott
Commercial Loans for 6 unit Multi Fam?
Hello gang!There's a 6 unit multi fam in the DFW area that I'd need to get a commercial loan on. I've been researching only FHA & various construction loans for up to 4 units.Can anyone recommend a resource with m...
Account Closed
Looking at purchasing a multi-unit property
Hi everyone,Just found a multi-unit property I'm think I'm going to purchase. However, this is a first for me and wanted to get some feed back on things I should look out for. It has 15 units, all rented, and in a dec...
Todd Bentley
Conventional Loan for House Hack (Multi-Unit)
Does anyone know of a lender that offers a low down payment for a conventional loan on a (live-in) multi-family. Currently, all lenders that I have contacted want 15% down to avoid PMI on a 2 unit. Essentially, I woul...
John Huynh
Loan options for multi-unit in Chicago
Hi all, I am looking to invest in a multi-unit in Chicago. I see that FHA has a low down payment of 3.5%. I wanted to research other loan options as well. What other loan options are there and what is the down payment...
Nicole K.
Chicago multi-unit inspection period and costs
Does a 5-day inspection period seem reasonable for a 2 to 3-unit property in Chicago? This is what real estate agent is recommending, but this seems short to me. Would asking for 10 days in this market kill an offer? ...
Jordan Tucker
Converting SFR into a multi unit property.
Newbie looking for my first property. Market is crazy competing with cash offers between 20k-40k over asking price. Wanted to look into SFR that can be converted into a multi unit property. Looking for tips on what to...
Benjamin Paul
Depreciation on a low cost multi unit...
I bought a single family two years ago for 70k with the intention to live in flip.In the process of renovating I realized it could become a three unit and began reading about the tax benefits of rental real estate and...
Claire Wu
Buy multi units with tenants in wisconsin
Happy Memorial Day! I am a newbie and just made an offer on a multi units. WhAt should I be aware about buying places with existing tenants? How can verify if the current tenants pay rents on time etc?
I heard some ...