All Forum Posts by: Manik Sewak

Hey Jeff, thanks for the the message! Doingnit wih hard money because I don’t think I’ll get approved for commercial financing. My real estate company has only existed for 16 months or so. Haven’t filed any taxes yet. I’ve only done 4 successful rehabs and all the money has been distributed to my personal account to pay bills, live life, etc... currently only about $1500 sitting in my company account and about 40k coming from my rehab house that is about to sell next month. Iran been a battle to get this company up and running and I’m not sure that it looks favorable to get approved for a commercial loan. My personal credit score isn’t around under 610-620 and climbing back up. It fluctuated a lot during this year trying to get this company going.

What I do have is a good relationship with a hard money lender who worked with me on my last 4 rehabs. So the only strategy I can think of is buying via hard money and holding until I can refi. I’m looking for a cap good enough toast least break even while payin hard money

Hi everyone! I'm looking to purchase my first multi-family property as my next real estate project. Ive bought, sold, and rented single family residences the last 4 years and want to move up to bigger deals. (up to a million dollars)

I'm looking for a Multi-Family in an area with decent population growth and job growth, low crime, and with a good cap-rate... basically the dream

My plan is to purchase said property with hard money and lock in property management and work on refinancing to better interest rates asap. 

Im looking for any  networks, recommendations, cities to focus on, and basically anything that will push me in the right direction. 

this is my first post on Biggerpockets so I'm not really sure what to put here. I'm just hungry for my first big cash flow deal and want to find the right property to get it going.

thanks!