All Forum Posts by: Charles Carillo

@Dani Yang-Todd

With smaller properties, I have found that financing is most easily obtained from local institutions. I would suggest calling all local banks and credit unions within an hour drive of the property and see what they offer. You will find an array of different lending programs.

@Rick Albert

I have owned small mixed-use properties for years and they can be profitable investments. I prefer the majority (85%+) of the building square footage to be residential. It is much easier to rent. 

@Alex Kovalenko

Usually, a LP is preferred. I would speak to an accountant first that specializes in foreign US investors...DM me if you need any contacts.

Looking for a new property management company in New Britain, for 3-5 unit properties; any recommendations?

@Nick Brimmerq

In my experience, older properties are more likely to have landlord paid utilities. 50-100 years ago; utilities were much less expensive and if you were to open the walls of a 100+ year old home; you are likely to find newspaper as insulation. 

That being said, it depends on the utilities you are trying to separate. Separating electrical will be a different process and cost than separating heating where you might need to run separate natural gas lines and purchase individual furnaces. Landlord paid hot water will require you to install individual hot water heaters and run lines. If there are some landlord paid utilities on a property you are looking at; there usually is a mix. Maybe electrical and heat are paid by the tenant but water/hot water are paid by the landlord.

@Drew Steusloff

We have put together a couple videos that we use for training VAs on new market research (DM ME and I will send them to you). 

Here are some links/resources you can utilize:

• BestPlaces.net
• City-Data.com
• Census.gov
• Factfinder.census.gov
• census.gov/programs-surveys/ahs.html
• data.census.gov
• StateLocalGov.net
• SpotCrime.com
• WalkScore.com
• DeptofNumbers.com
• DataUSA.io
• Bea.gov (Bureau of Economic Analysis)
• Bls.gov (Bureau of Labor Statistics)
• Indeed.com (Jobs)
• NewGeography.com
• NeighborhoodScout.com
• CrimeReports.com
• FamilyWatchDog.us
• Geometrx.com
• SocialExplorer.com
• Costar.com
• Colliers.com
• Irem.org
• Zillow.com
• Google Earth / Google Maps / Street View
• GreatSchools.org
• SchoolDigger.com
• Rentometer.com

@Rayan Perez

Here are my favorite books:

Multifamily Millions by Dave Lindahl

The ABCs of Real Estate Investing by Ken McElroy

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges

Commercial Real Estate Investing by Dolf De Roos

Trump: The Best Real Estate Advice I Ever Received by Donald Trump

Tax Free Wealth by Tom Wheelwright

Commercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David Lindahl

Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt Faircloth

The Definitive Guide to Apartment Marketing by Josh Grillo

Investing in Apartment Building by Matthew Martinez

Crushing It in Apartments and Commercial Real Estate by Brian H Murray

The 7 Secrets to Successful Apartment Leasing by Eric Cumley

2 Years to a Million in Real Estate by Matthew Martinez

Burn Zones: Playing Life’s Bad Hands by Jorge Newbery

Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael Reinhard

It’s a Whole New Business!: The how-to book of syndicated investment real estate by Gene Trowbridge

@Diego Carranza Anglarill

DM me and I can send you the contact to the lender that our foreign partners use but I believe the down payments are around 30%.

@Mohamed Osman

First off, I would start reaching out to institutions that I already have a relationship with. That will give you some baseline to what is readily available in the market.

@Jeremy Gonzalez

You can do both when you house hack! The hard part is finding a 2–4-unit property that will allow you to live in one unit while having the others cover most or all of your mortgage payment.