Shannon Sadik
Apartment Deal- How Do you Determine PML's Payback?
I am looking at potentially purchasing an apartment building. I have looked at several of the pro formas here on the site as well as others, but am struggling to analyze a second loan for a PML from these spreadsheets...
Russell Volk
New Investor from Philadelphia area
Hey Guys,I’m new here. I live in the suburbs of Philadelphia, just north of the city. I’ve been a real estate agent since 2006 with RE/MAX, but concentrated only on “traditional” sales, where you deal with buyers an...
Aaron Millis
Wholesale Question For Comps
So I am an aspiring wholesaler and I have been driving for dollars and will begin building my Buyers list soon, but I've been thinking about something. I'm not an agent so I don't have access to the MLS which I know i...
Steven Anderson
Construction loan to perm mortgage cash out question
I and a small group of investors (in a traditional LLC or series LLC) plan to construct a duplex at $.90/sq ft. Post-construction we expect FMV to be $1.20/sq ft. We will capitalize the LLC with the requisite 20% equi...
Brad Crawford
Lenders who allow seller to carry 2nd lien
Does any one know of a lender that would allow a seller to finance 20% of the sales price and then lend 80% of the deal leaving the buyer to essentially just pay closing and lender fees? Or am I dreaming?
Derek Morrison
Landlord Doesn't Have Documents
I'm interested in purchasing a small apartment complex that doesn't seem to be very well-run. If the current landlord provides me documents (ie rent roll, expenses) but their records aren't kept well and the docs are ...
Account Closed
How do you value partly finished residential space?
Thanks for any suggestions. I am interested in a property that has an upper and lower level living area. It was built in the 1980s, but only the upper level was ever finished. The owners (original) have lived there al...
Daren H.
~50% Rentals / ~50% Owner Occupants
I am thinking about purchasing a rental property that is located on a street that is about even with rentals and owner occupants. The particular street is lined with these smaller (~1100 square foot) almost garden sty...
John A.
FHA 223 (f) Apartment Loans?
Hello,
I did some research and this seems like a good way to go for multi-family financing. Does anyone have any more information on FHA apartment loans? What are the requirements, any advice would be great! Thanks
Chris Actis
Investment Property Mortgage in Illinois
Hi BP'ers,I'm onto a multi unit, non-owner occupied, investment property in Illinois and am looking for mortgage options, preferably 20% downpayment or less. Is this possible??Thanks,Chris