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Updated almost 2 years ago on . Most recent reply

Rafael Carvajal Jr's profile image
Rafael Carvajal Jr's profile image
Rafael Carvajal Jr
  • New to Real Estate
  • from Philadelphia
  • Member since Jun 2, 2022

User Stats

14
Posts
8
Votes
Rafael Carvajal Jr's profile image
Rafael Carvajal Jr's profile image
Rafael Carvajal Jr
  • New to Real Estate
  • from Philadelphia
  • Member since Jun 2, 2022
Rafael Carvajal Jr
  • New to Real Estate
  • Philadelphia
8
Votes |
14
Posts
Multi-Family and Apartment Investing

Strategy to Purchase a 9-Unit Building

Rafael Carvajal Jr
  • New to Real Estate
  • Philadelphia
Posted

Seeking advice on purchasing a 9-unit building! Interested in strategies, financing options, and any valuable insights from those experienced in real estate. Your input is greatly appreciated!

Philadelphia, Pennsylvania
2 Votes
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Logan Singleton's profile image
Logan Singleton's profile image
Logan Singleton
  • Lender
  • from Boston, MA
  • Member since Sep 10, 2023

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415
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95
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Logan Singleton's profile image
Logan Singleton's profile image
Logan Singleton
  • Lender
  • from Boston, MA
  • Member since Sep 10, 2023
Logan Singleton
  • Lender
  • Boston, MA
95
Votes |
415
Posts
Logan Singleton
  • Lender
  • Boston, MA
Replied

Hi @Rafael Carvajal Jr, if the property is being delivered with tenants and stabilized for the most part, then a DSCR loan type would be the best bet on a property of this size. Your downpayment would be 25-30%, but if the property is being delivered vacant and needs some renovation, then a bridge these are 70-75% LTC with a 12-24 month I/O term.

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