All Forum Posts by: Artem Trusov

Hello everyone, 

I just have a basic question. How do you guys find a bank or financial investors who give you mortgage loans for your investment properties? I know some people go through mortgage brokers and they do the job for you but is there a way I can get in touch with someone to see if I'm qualified for a certain loan amount. I know some banks don't give out mortgage loans for investment properties. I just want to test the waters to see what I would be approved for a house that's already built. I am told that mortgage loans are a little different if you're building new construction vs buying an older property and the requirements for the loan may be different. I currently live in NY and I am doing investment properties in Florida (3 units so far) and all 3 are new construction. Thank you so much guys! 

Stephen J Davis, 

What would be a good cash on cash rate of return? 

Thank you for your help!

@David Clay, 

So the duplex we built cost us $107 per square foot. We are building our investment properties in Palm Coast, Florida. You can check them out but I don't know how far north you are from me. I believe they only build in Palm Coast, Flagler County and Matanza Lakes. 

Me and my family are building new properties for rent down in Florida . I was just wondering whether its better to buy older properties or build new properties. I know majority of investors buy older properties and do some renovations to make the property look better. We've already built one duplex that has been rented out for the past several months. And another single family property that is being completed by June.