Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

860
Posts
323
Votes
Mayer M.
  • Investor
  • Cherry Hill, NJ
323
Votes |
860
Posts

Trick me to leasing concessions

Mayer M.
  • Investor
  • Cherry Hill, NJ
Posted

Hey,

What are some tricks to leasing concessions without having a negative impact when time to place long term financing?

I have a project that’ll be finishing construction soon and ready to lease and I am in the off season. Once the property is leased I’ll be refinancing out of my construction loan into a permanent long term loan.

I If I did a concession with one month free with a 13 month lease won’t a long term lender factor that in? Or maybe not? Are there any tricks to this? Maybe instead of having a month free perhaps provide them with a gift card equal to a months rent?

If I end up having to provide a concession I don’t want to be blindsided when placing the long term financing.

These properties are in Philadelphia

Thanks!

Loading replies...