Comments on: Financing a Fourplex Real Estate Investment Property http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/ Learn, Network, Invest Tue, 24 Nov 2009 00:55:06 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Jay Parkinson http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/comment-page-1/#comment-69837 Jay Parkinson Wed, 09 Sep 2009 16:17:36 +0000 http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/#comment-69837 I'm a commercial real estate broker from Canada. Just wanted to say that this post is right on the money. I'm putting an offer in on a fourplex this week for the exact reasons listed above. Great blog. .-= Jay Parkinson´s last blog ..<a href="http://www.windsorstar.com/business/Border+project+payoff+jobs/1876157/story.html" rel="nofollow">Border project payoff: 15,185 jobs</a> =-. I’m a commercial real estate broker from Canada. Just wanted to say that this post is right on the money. I’m putting an offer in on a fourplex this week for the exact reasons listed above. Great blog.
Jay Parkinson´s last blog ..Border project payoff: 15,185 jobs My ComLuv Profile

]]> By: Donald http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/comment-page-1/#comment-66374 Donald Sat, 20 Jun 2009 07:59:25 +0000 http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/#comment-66374 Mr. Schuricht Fourplex sounds great but what advise could you give to one that been through a divorce,left with "BIG" debt problem, bad credit and simple no money to invest in real estate at this moment? What programs are available? Sincerely, Don Mr. Schuricht
Fourplex sounds great but what advise could you give to one that been through a divorce,left with “BIG” debt problem, bad credit and simple no money to invest in real estate at this moment?
What programs are available?
Sincerely,
Don

]]> By: Investment Property - Cape Cod http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/comment-page-1/#comment-57135 Investment Property - Cape Cod Fri, 30 May 2008 18:28:02 +0000 http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/#comment-57135 Susan, That is exactly what I used to teach investors to do when I was doing loans. Find a distressed multi-unit and get a hard money loan....fix it up and refi into a normal loan 6 months down the road with a LTV they can afford or one where they will need 0 additional down payment. Multi-units in Cape Cod are going like hot cakes right now. Susan,

That is exactly what I used to teach investors to do when I was doing loans. Find a distressed multi-unit and get a hard money loan….fix it up and refi into a normal loan 6 months down the road with a LTV they can afford or one where they will need 0 additional down payment. Multi-units in Cape Cod are going like hot cakes right now.

]]> By: Susan Lassiter-Lyons http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/comment-page-1/#comment-55790 Susan Lassiter-Lyons Sat, 05 Apr 2008 18:19:27 +0000 http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/#comment-55790 I think most of us can agree that residential multiunits are hot right now. ESPECIALLY because of the market turndown. I like them because of cash flow and as a hedge against vacancy losses. If I have a single family home and someone moves I have 100% vacancy. If I have a 4-unit and someone moves out I have 25% vacancy. The issue is always the downpayment for investors. We are taught to use LEVERAGE in investing. And who wants to tie up 30% of their own cash in one property? We teach our clients to buy distressed multiunits using a private rehab loan. If you get a loan for 70% of the ARV, then your deal should be good enough to roll in 100% of the purchase price, 100% of the repairs and 100% of the closing costs. Once the work is complete, do a rate and term refi into permanent financing. Voila - a 100% deal. And yes, still available and happening in 2008! I think most of us can agree that residential multiunits are hot right now. ESPECIALLY because of the market turndown. I like them because of cash flow and as a hedge against vacancy losses. If I have a single family home and someone moves I have 100% vacancy. If I have a 4-unit and someone moves out I have 25% vacancy.

The issue is always the downpayment for investors. We are taught to use LEVERAGE in investing. And who wants to tie up 30% of their own cash in one property?

We teach our clients to buy distressed multiunits using a private rehab loan. If you get a loan for 70% of the ARV, then your deal should be good enough to roll in 100% of the purchase price, 100% of the repairs and 100% of the closing costs. Once the work is complete, do a rate and term refi into permanent financing. Voila – a 100% deal. And yes, still available and happening in 2008!

]]> By: Lilah http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/comment-page-1/#comment-55644 Lilah Sun, 30 Mar 2008 04:31:18 +0000 http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/#comment-55644 maybe it would be a great idea to invest in foreclosed fixer uppers this time. I'm sure you can get great deals on this.... THere is a great game called <a href="http://crazyrealtor.com/2008/02/28/flip-house-real-estate-cashflow-game" rel="nofollow"> Flip That House Real Estate Cashflow Game</a>. While it's about flipping homes, i'm sure it can also teach pple about flipping duplexes or foreplexes... fact of the matter is there are probably great deals out there if you wanna look. maybe it would be a great idea to invest in foreclosed fixer uppers this time. I’m sure you can get great deals on this….

THere is a great game called Flip That House Real Estate Cashflow Game. While it’s about flipping homes, i’m sure it can also teach pple about flipping duplexes or foreplexes…

fact of the matter is there are probably great deals out there if you wanna look.

]]> By: Jack http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/comment-page-1/#comment-55643 Jack Sun, 30 Mar 2008 04:26:07 +0000 http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/#comment-55643 this is an interesting topic, i wonder if or how things have changed w/the recent real estate down turn. Is now a great time to invest in Forplex Real Estate? I'd wanna wait to see just how things turn out this is an interesting topic, i wonder if or how things have changed w/the recent real estate down turn. Is now a great time to invest in Forplex Real Estate?

I’d wanna wait to see just how things turn out

]]> By: A.B. http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/comment-page-1/#comment-55572 A.B. Wed, 26 Mar 2008 07:06:22 +0000 http://www.biggerpockets.com/renewsblog/2008/03/13/financing-a-four-plex/#comment-55572 Hm, interesting... I enjoyed your article content! How about interest-only financing or 3-1 ARMS for short-term property flips? Cash-flow can be increased with this type of financing and if the market is on the rise, this could free up some short-term cash flow. What do you think? Regards, A.B. Hm, interesting… I enjoyed your article content! How about interest-only financing or 3-1 ARMS for short-term property flips? Cash-flow can be increased with this type of financing and if the market is on the rise, this could free up some short-term cash flow. What do you think?

Regards,

A.B.

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