All Forum Posts by: Markian Sich

@Cody W. start networking with brokers and agents asap...

I think getting up to 4 units with a VA Loan (even wrapping in rehab costs) would be the ultimate way to get started.

I would try to get one, refinance to conventional, and then get another one every year if possible.

Also, start looking for brokers that are willing to share leads for some smaller commercial multifamily... maybe a solid 8 unit.

Syndication isn't as crazy as it sounds... @Tim Kelly crushes syndications while on Active Duty.

Feel free to email me if you want to learn more about ADPI ;)

@Cody W. now that's a badass goal brother! Are you going to focus on creating a portfolio with your own money, bring in partners, or syndications?

@David Sanford That's awesome brother! That is classic Military house hacking right there! You planning on getting into commercial at all? or are you just planning on spiraling your strategy out of control (in a good way)!

@Eric H. sounds like you’ve got it figured out, keep crushing it! Keep everyone here posted when you find your 4-plex!

Also, check out @Eric Upchurch's recent blog post. It might not be about 4 plexes, but it could give you a couple of ideas on what to think about on your journey when leveraging your VA Loan!

https://www.biggerpockets.com/renewsblog/how-to-use-the-va-loan-to-build-capital-for-real-estate-investing/

Our money has not gone hard and environmental is a contingency, so we are protected.

@Jeff Greenberg

Thanks for the quick response! 

The deal is actually in Ohio. I guess my main concern is the lending... All of the remediation would most likely need to done by the seller before we close because I doubt Freddy Mac would touch this in its current state... Also, I have heard of environmental insurance... how does that work?

Hi all,

I am going through a nightmare. 

I am under contract for a 72 unit property and we got a bad phase 2... the lead levels in the soil are above the threshold. The environmental inspection company did not really provide a suggestion for remediation... however they did mention that it was a potential human health risk. I am terrified of losing this deal.  Not only does it have fantastic upside potential, but we have also been under contract for over 4 months now...

My question is this, what is the best way to get this fixed? Who actually formulates a plan for remediation? Who executes it? Who makes sure we get a document that says that the remediation has been completed as necessary and that no further action is required.... is this all an environmental attorney's job?

I am assuming that the soil just needs to be capped? 

Thanks in advance! I really appreciate any help... if you know of ANYONE that has experience with these kinds of situations, please send them my way!

Hi @Kim Younkin thank you for the quick response! basically we are trying to gather a solid team... so someone that would be able to do everything from setting up the LLCs and look over purchase contracts with us. thanks in advance!

Hi all,

About to go under contract potentially in Columbus OH for a 72 unit multifamily and would like to know if anyone can recommend a good property manager or management company that is fairly modernized and up for a challenge. Also, any good real estate attorney's in the area?t

thanks in advance