What would you do with 1 Mil Cash? Multifamily?

Oakland, CA · Member since 2014 · 9 posts · 3 votes

Folks

What would one do with 1Mil or 1.5Mil Cash? Stock market is flat this year. I have a 4 unit multi family and understand Berkeley/Oakland Market. I don't mind moving to a large Unit size property. But this is an open question? Would you put down 30/40% on a Commercial Mortgage on a larger Unit?

I am so confused going from 4 Unit to Larger Multi Famiily with commercial mortgage.

Thx

1 Reply

67 views

Most Popular Reply

DG A.

San Francisco Bay Area · Member since 2015 · 196 posts · 181 votes

I would build a new fourplex with that money. All units would be exempt from rent control for the foreseeable future.

3 Reply

See this reply in the discussion

30 Replies

Jump to latestLatest

Sort by

Account Closed
Napa, CA · Member since 2017 · 57 posts · 27 votes
8y
@Ian Ippolito My third highest allocation is in very long-term equity that is conservatively underwritten (low ltv, and designed to go for 7+ years).
Can you expand on what you're referring too? Longer term syndications? Thanks
0 Reply
Ian IppolitoBusiness Member
Investor · Tampa, FL · Member since 2015 · 1k+ posts · 1k+ votes
8y
Yes, exactly. One of them is BroadStone Net Lease which is designed to be a long-term hold with the majority of leases well over 12 years and leverage is 40%. Another is MG Properties which is a 7 to 10 year hold and 65% leverage. If you want more details on these, just PM me and I'll send it to you.
The Real Estate Crowdfunding Review
View Page
0 Reply

Join the conversationCreate a free account to reply, vote on answers and follow this thread.