All Forum Posts by: Amin Akhmadi
Amin Akhmadi has started 8 posts and replied 47 times.
Consultation + First month is Free. One year contract
We can connect
Post: 38 Multifamily Units in Miami- Cap rate: 8% (Seller Financing)
- Posts 48
- Votes 10
Based on Cap rate
Post: 38 Multifamily Units in Miami- Cap rate: 8% (Seller Financing)
- Posts 48
- Votes 10
I'm interested. The Price should be 5,750,000$
Post: Off-Market 50 units in Houston, TX-Cap 6.64%- 70K/Unit
- Posts 48
- Votes 10
I'm interested
NOI one zero more
You intersted only in wholesalers?
Post: Seeking A 100+ Unit Multifamily Mentor. Willing To Work For Free (Skillset Included)
- Posts 48
- Votes 10
Dmed you
Post: Looking for Principal to use their Net Worth to acquire more favorable lending terms
- Posts 48
- Votes 10
Quote from @Percy N.:
@Amin Akhmadi, I think you mean the loan is non-recourse (still have some provisions that could make it recourse), not unsecured, since it is secured by the real estate.
In addition to the net worth, they also require around 10% liquidity.
Do they (conventional loan) allow subordinate?
Post: HELP Evaluate a multifamily
- Posts 48
- Votes 10
Quote from @Irving Moorehead:
Thanks I appreciate the feedback. The current owner purchased it in 2020. 5 out of 6 units are currently rented. Tenants are on a month to month. The current rents range from $450 (efficiency) $600 (1 BR). The current median rent rate in that area is $875. I've estimated $80k in rehab work to force equity and increase the rents. I want to offer $375k but no more than $400k for the property. It's hard finding comps because this was a 4 plex that was converted into a 6 plex.
Hey. What's NOI and Cap rate