Full Version: Advice for purchasing 36 unit apt.
I am looking at following financials on 36 unit apartment building...Asking price of 950,000; Effective gross income 224,361; Total expenses of 106,727; NOI of 117,634. I don't have downpayment capaital of my own, but seller is willing to help with financing. Is there a way to structure this deal creating good cash flow that a lender will finance?
Mark:
You have two posts with different numbers. So I don’t know which ones are the right ones.
However, I can tell you that most lenders will not do the deal unless there is some money coming out of your pocket “specially since this is your first deal”.
You have two posts with different numbers. So I don’t know which ones are the right ones.
However, I can tell you that most lenders will not do the deal unless there is some money coming out of your pocket “specially since this is your first deal”.
QUOTE(loanuniverse @ Sep 9 2005, 05:53 PM)
Mark:
You have two posts with different numbers. So I don’t know which ones are the right ones.
However, I can tell you that most lenders will not do the deal unless there is some money coming out of your pocket “specially since this is your first deal”.
You have two posts with different numbers. So I don’t know which ones are the right ones.
However, I can tell you that most lenders will not do the deal unless there is some money coming out of your pocket “specially since this is your first deal”.
QUOTE(Markmcg @ Sep 12 2005, 03:36 PM)
Sorry for the confusion. My other post was not supposed to be sent. The numbers are correct in this post. What about if I have a group of investors including myself to provide the downpayment?
call me. if you have a group of investors i can get it done. im the loan doctor. lol
Joe Pagan
Loan Officer
Joe Pagan
Loan Officer
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