I'm looking to purchase a foreclosure as my primary residence as it has a studio apartment over the garage that I should be able to get $1500 a month from while renting my current home for $2000 a month, which would r...
First-time apartment buyer in Brooklyn here. I don't know much about proprietary leases but apparently it's an issue for a co-op I'm thinking about making an offer on.I'm getting a mortgage through my bank, and when I...
I bought an 8 plex apartment building and financed with a local bank for 15 years just so I could acquire it ($105,000). Three apartments need major rehab and I would like to do the whole building inside and out. I ...
Hello all and thanks in advance for your time. I am in the early stages of negotiating a purchase of an apartment complex. My question is how do I make the acquisition without the required 20% down.
I currently have ...
We own a rented NYC co-op and are going to have the opportunity to pay off the mortgage in a few months. Does anyone have a lead on a lender for either a cash-out refi or HELOAN or HELOC? NCB (the original mortagehold...
Look for guidance from regarding POF. Have done lots of Buy&Hold SFR, but planning to get into apartments. Need some guidance on POF.- Is POF just a bank statement or letter from Bank?- How shall we go about doing...
What small bank are you using in the area? What advantages do they offer. I’m looking for an investor friendly bank as I’m acquiring 5-12 unit apartments in the area. I want to start building a relationship.
Re: $380,000
·$195,000 for acquisition
·$185,000 for repairs
·Seller willing to hold 25% of total in 2nd position
·Buyer puts 1st year of mortgage payments and taxes in esc...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Orange.
Purchase price: $1,500,000
Cash invested: $400,000
44 unit apartment complex built in late 70's and early 80's with...
Investment Info:
Large multi-family (5+ units) buy & hold investment in Orange.
Purchase price: $1,500,000
Cash invested: $400,000
44 unit apartment complex built in late 70's and early 80's with...