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All Forum Posts by: Adam Lawrence

Adam Lawrence has started 6 posts and replied 12 times.

Post: Downpayment for commercial loan

Adam LawrencePosted
  • Turlock, CA
  • Posts 15
  • Votes 2
I am looking at a property that is 650k. I am purchasing with a partner. Is it a problem having part of my half of the down payment coming from a signature loan from a family member?

Post: Buying first multi family out of state

Adam LawrencePosted
  • Turlock, CA
  • Posts 15
  • Votes 2
I live in California and I am looking to buy my first buy and hold multi family. I'm thinking about a duplex or four plex. Prices here are very high. What are your thoughts about buying out of state or in another, less expensive market? I understand I don't know as much about the market, I just don't want to spend $550,000 for a four plex. Especially with rents of about $1,000 a unit.