My name is Andrew Lichtenstein and I am a Real Estate Broker and Investor in New York City, and have been in business since 1991. I have personally bought and sold 25 buildings in New York City and closed more than 3...
I have a potential partner that has sold an investment property and moved the proceeds into a QI for a 1031 exchange. How would it be possible to purchase a multifamily property using the funds from this exchange? I...
We're looking to add property to our portfolio. I currently can no longer qualify for any conventional financing due to DTI requirements, however, my wife is NOT on the title or note of any of our holdings. Therefore,...
New to the site, but love all the information on here. Really looking to educate myself in finance as school/parents/friends all mean the best, but don't have sound advice anymore imo. So my situation; I've made alm...
Hello!We are looking to refinance two of our industrial buildings and we are considering using a broker who works with life insurance companies. The terms are very good - 15 year fixed (almost unheard of for these typ...
Hi BP members:What's your thoughts on doing a Freddie Mac vs. local commercial bank loan for a small MF apt (acquiring a 30 units apt)? Freddie Mac loan has its own advantage obviously (non-recourse, fixed rate, 30 y...
Hello everyone. I own 9 lower income rental properties which I bought 6 years ago. It turns out that low income properties are not the way to go and a long story short is that most if not all are under water and not...
After living in my househack for about a year, I am currently looking to purchase househack #2 and move into that one. However, financing has been much harder this time around because banks cant seem to recognize the...
As we roll into 2018, investors are spending more time thinking of ways to get ahead. Some have already taken time out to reflect on the past year, and to set New Year’s resolutions. Others may not have put their plan...
Everyone who weathered the 2008 crisis knows it's very important at this time to make sure not to over-leverage on rental property. What is safe? I've heard 65% LTV should allow pretty much any investor to ride out t...