All Forum Posts by: Jeff Parkin

Hi Clay, How much time is left on the current lease agreements?

Address?

Address isn't correct, It's 5269 E. 42nd

Any comps to support?

I've been running into the same problem. I've contacted several lenders (including some listed here on BP) and the lowest minimum loan amount I've found so far for a cash out refi is 75K and thats if the property appraises over 100k. 

Hoping others that have had success will chime in! 

Interested in the Indy/Ohio properties. Thanks in advance! [email protected]

@Adrian Romero I questioned that too, because market rent for a 2/1 in that area is 600-700. But in the body of his post it says 700 per side which makes way more sense. 

Regarding Loopnet, my understanding is that commercial is considered to be 5 units or more and that 4 units or less CAN be house hacked as it's possible to get an FHA loan on a multifamily property of 1-4 units, provided you plan on living in one of the units. When using loopnet's advanced search feature it is easy to find these types of properties and there are plenty in the 1-4 range, depending on the market you're in. Am I missing something here? @Andrew Johnson 

Is this zoned multi-family? separate meters? 

Can you provide any information that supports an ARV of 75k for this property?

What a great thread/diary! Looks like its been a while since an update. How are things going, Dawn? Any new pics to share? Hope it's been going well!