All Forum Posts by: Esther Joseph

A set of two multifamily properties are being liquidated and sold near me and it’s about $2M before any possible discount/negotiations with the owner. They are currently almost entirely rented condo or townhouse style units, producing income. How would one go about getting a loan to take on the properties? I own a construction company and would manage them and manage maintenance myself, and likely even rent a unit to myself to keep it simple (I’ve been a resident manager before too). My investment company has one property in the middle of a rehab right now, so our assets are all tied up in it but the opportunity is now.

Ideas?

where would you find private money for investments like flips 

I have a property under contract. The purchase price is $105K. Rehab estimate is $67K. Req'd down pmt + est debt service coverage total = $58k. We need $35k of this to close and cover debt service. This is a BRRR. Does anyone know of a private/hard money lender who will finance just a portion of the cash to close? Thank you.