All Forum Posts by: Charles Burgess

@Jake S. one tenant is month-to-month and the other lease expires at the end of July. We're going to negotiate a lower price and go from there. 

Thanks for the feedback. With the due dilligence clause, we can walk away for any reason without penalty. 

I'm currently in the due dilligence phase and discovered the current owner is paying for untilites for both tenants in a duplex. The unit has one meter for water. 

Since this is new information, it changes the cashflow on the deal. Should I simply renegotiate? What are other options I have to move forward?

Thanks for the advice 

@Account Closed Hi Eddie. Currently I'm looking to finance an income producing investment. I would be happy to speak with your associates. How can I reach them? Thanks for the help. 

@Account Closed That's a new one; I'll definitely try it out. Thanks for the info.  

I'm looking to obtain commercial financing on a property, and just looking for recommendations for lenders in the southeast area.  I am a brand new business, so I'm finding it difficult with larger, institutional lenders. Looking for financing in the $150 - $300K range. Thanks guys!

@Phil G. Thanks for the info. I figured there would be a lot of red tape, but I will continue to pursue it and see if it fits in my strategy. 

@Christi Hawkins @Jennifer Z. Do you guys have experience with loans for multi family properties?  I won't be using the property as a primary residence; It seems to be a great program, just certain stipulations are attached to the loan. 

I'm currently researching USDA loans online and just wondering if anyone has experience with these products?

CBRE put this info out for 2013. May or may not be helpful. http://www.cbre.com/AssetLibrary/Cap%20Rate%20Survey%20Feb%202013.pdf