All Forum Posts by: John B.

Thanks for the feedback @Jay Hinrichs @Chris Tracy and @Alina Trigub . Any other feedback from the rest of the Bigger Pockets community would be much appreciated! 

Has anyone attended Dave Lindahl / RE Mentor's Ultimate Partnering event in Boston? What were thoughts on the event? Is it education, networking, a sales pitch to join their coaching program or all of the above? Are attendees experienced investors that have acquired and are actively investing in 60+ unit multifamily properties, or is it mostly people that are pretty green and looking to get into multifamily? I'm trying to get a better read and feel for the event before spending $1,500+ on the ticket, hotel, flight, etc. It seems like Dave Lindahl was one of the more active multifamily mentors/gurus/educators during the last cycle, but has pulled back in the past few years. 

It would be great to hear anyone's thoughts, especially those that have attended in the past. Thanks! 

@Yash Bajpai agreed with everything @Michael Le and @Todd Dexheimer have said. Yes, Freddie Mac SBL can offer much better loan terms than a local bank or credit union. Freddie loans are non-recourse (banks will be full recourse), Freddie can offer up to 80% LTV (banks will top out at 75%), Freddie will offer 30 year amortization with interest-only (banks will be 20-25 year amortization with no interest-only) and Freddie's rate will likely be lower.

While not impossible, most local banks and credit unions will not have an interest in financing an out of state investor. I also agree with @Michael Le in that it will be much easier to find a good management company for a larger multifamily property (60+ units)