I got a building with ton of equity worth around 5million.

I got a building with ton of equity worth around 5million.

Member since 2021 · 26 posts · 2 votes

In this market i don't know what kind of loan or line of credit i should go with. Lenders are giving me 3 million LTV.

Should i do a line a credit buy a building cash and refi and repeat?

Should do 30 year Amortization and lock in the Rates?

I need some big investor help here.

0Reply
32 views

4 Replies

Jump to latestLatest
  • Andrew PostellPro Member
    Lender · Fort Worth, TX · Member since 2016 · 8k+ posts · 6k+ votes
    4y

    @Michael B. this is the BRRRR forum for people who have questions about that method. Maybe try the commercial forum? Or maybe the Goals and Business Plan forum? I think you'll get more responses there.

  • Lender · Boca Raton, FL · Member since 2014 · 250 posts · 133 votes
    4y

    It really all depends on what your goals are as well as your time line on the financing. 

  • Andrew HoganPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2016 · 560 posts · 463 votes
    4y

    Another strategy I see a lot of investors use is the old 'arbitrage play': borrow at one rate and get a fixed income from another. (borrow in 3's, 4's, or 5's, and clip a 10% every month)

    It's not a 20-30% returns by any means but is often the much safer route when you've got a loan to pay off.

    Good luck @Michael B. 

  • Member since 2021 · 26 posts · 2 votes
    4y
    Quote from @Andrew Hogan:

    Another strategy I see a lot of investors use is the old 'arbitrage play': borrow at one rate and get a fixed income from another. (borrow in 3's, 4's, or 5's, and clip a 10% every month)

    It's not a 20-30% returns by any means but is often the much safer route when you've got a loan to pay off.

    Good luck @Michael B. 

    YEA thats probably what ill do. B or C class property to cause now days the fixer uper have the same cap of a brand new building no room to play.
Join the conversationCreate a free account to reply, vote on answers and follow this thread.