All Forum Posts by: Brian Napierala

I think reaching out to a broker, who should have multiple lending options would be your best way to start.  I would definitely shop the deal to a well known company you like/ use so you are aware of options are available to you.  If you have the ability to finance conventionally, researching online should be a simple process for you, as you'll be able to check all the necessary required boxes.

If you look online, you can find any number of private lenders for commercial financing.  Terms of lending can vary company to company.  Scotsman's guide, a lender magazine, has online site capability to search lenders, programs, state to state etc.  Another online site, MortgageElements.com, is also useful for searching lending options

Sounds like an expensive area... it's LA :)  Rent control?  Is it currently occupied?  I assume you are W of the 405?  Since purchase prices outpace the rents, how are you looking to structure your financing?

I'm always recommend the use of the LLC. You limit your liability to just the property. The LLC can be worked as a mini company with its income/ expenses

Your 1031 exchange funds, like you already know, have to be applied to another investment fund to avoid capital gains.  As long as you follow that guideline you should be ok.  Bringing in a partner or additional capital to purchase your new investment property won't affect your purchase.  Your CPA would be the optimal source of information.

Congrats on the move, much success.  I live 20 min from Cal Lutheran, for the last 20yrs, but like you, new to this online community.  Personally, I am trying to get more involved in the BP/ local community to add some perspective from a 25yr lending career.  I think every little bit helps.  You just never know what little nugget someone else may take away from your knowledge.

I am a RE lender, currently, no longer have any property, but I see a lot of deals week to week.  Every investor has their own reasons for buying a property.  My two cents, buy what you like.  If you can acquire a good property, good neighborhood, good condition at a good price AND you won't lose money month to month...  If it won't produce optimal return until sometime in the future I feel that it's still a win.  It also helps when you have an experienced investor/ agent (your aunt) pointing out some of the pitfalls

Congrats on the purchase.  Personally, when you only have a single meter, I think its hard to do a definitive 'fixed' split of utilities.  I think to offset some of the cost, you have to have a slightly higher rental fee, knowing that some months you may come out ahead and there is a chance that some months you may be on the shorter end

I would invest in what you feel comfortable with.  Ex: don't buy a warehouse if you like SFRs.  If you like 2-4 units, don't look at 10.  Staying within your initial comfort zone, in my opinion, will help insure long term success as you grow and learn

I specialize in purchase/ refinance of Investment 1-4, Multi Fam, Mixed use properties.