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I'm looking at a deal on a 6 unit (2 bedroom 1 bath x 6). The current owner is only renting 5 of the 6 units, and the 6th unit has a live in handyman who doesn't pay rent and works for "free". Current gross rent is $3...
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Hello all, I am in the process of purchasing my first multifamily unit which consists of 8 2 bedroom apartments, in which are already rented out. The property is listed for 640,000 which is a bit overpriced so I offer...
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Hey All, My ultimate investment goal in real estate is to be able to own, or possibly develop, large multifamily properties. I am 26 doing project management for a large commercial general contractor, but am wondering...
Originally I was planning to stop working after getting my savings invested in rental RE though at this point it's looking like that plan might need to be modified as it seems like securing loans a few years down the ...
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If someone were onboarding with a new property management (PM), is it customary for the PM to be asked to be added additional insured to a homeowners insurance policy? It seems additional interested party is sufficien...
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Cash $4.5 mil, loan $5.5 mil for a total of $10 mil. Assume commercial interest rate 5%. Where to buy? What type to buy? etc. Would love to have your suggestions. Thanks a lot.
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Hi,I have 1031 with clock beginning to tick in couple weeks. Looking for 1031 friendly investments - commercial or residential. Would love to get thoughts on1. What are typical CAP / COC rates?2. States/ cities to inv...
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Looking at a 14 unit apartment complex in 3 buildings. NOI is really solid. List price is $550,000. Question I have, what would financing look like on a multifamily deal? Should I just go to a local bank or seek out F...
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Hi everyone, My name is Justin and I'm an investor relations manager for Seneca Commercial Property. We're a commercial real estate investment firm that partners with investors to purchase commercial properties typica...
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Hello BP
I have a question about Commercial Mortgage Insurance. I would like to know what criteria the underwriter would look for when issuing the insurance. What insurance amount will they issue? Will they i...