All Forum Posts by: Joanna Kotlarski

Thanks Eric,

I am just getting started in the process and of seeing how to proceed.  There are questions that I have to ask the agent about the seller.  The T-12 seems like there is good cash flow, I haven't quite  gone through the rent roll as of yet (159) to get a better picture, but agent is said 95% occupied and T-12 says 8% vacancy.

Thanks for your responses. The loan is a CMBS loan at 4.5% 30 yr amortization with 10 yr term and a balance of 3.8mm.

Hi everyone,

I am looking a at 159 unit apartment complex and the owner has an assumable mortgage.  If I try to assume this loan, will I go through the same process as if I were just getting a loan to purchase it?

The owner wants cash over mortgage so I would still have to figure out how to finance the other part over and above the assumable mortgage.

Any help would be greatly appreciated.

Kevin,  Congrats!  It sounds like you have got things going your way for this property.

 Thanks Michael.

 Thanks Mark

Hi my name is Joanna and I am from Bonaire, GA and excited to be part of this community and looking forward to making new friends.

Hi Marlena,

Welcome to Bigger Pockets!  Good luck in your investing en devour.

You could try to get owner financing because you are going to live in it.  Many owners are willing to take back a note to get a monthly income.  I was going to suggest private money but, because you are living in to that can cause headaches that the lender does not want.  Creative financing I think is the best option.