All Forum Posts by: Mayer M.

@Eric Seo

I have successfully submitted revisions and have heard from my architect you can submit for building permits

@Rocio Segura

This depends on what product you are looking for. Can you explain your needs?

@Jay Hinrichs

Absolutely correct. I just locked in a cash out refi at 4% no points. This is due to the fact that this community bank handles all my rental property loans and I have a great relationship with them

@David Vitarelli

Where in philly? Why not stick with the plan?

@Kevin Kolling

A deed description should satisfy this, but your architect should know

@Michael Anderson

If the numbers work, they work. Don’t sit on the sidelines waiting for a correction. Will rents tank 30%? Nope!

It’s a small deal which is ideal for a first time investment. Jump in head first. You will make mistakes and you will (I hope) learn from them.

Go for it!

@Matt Nico

If your DTI is too high it's hard to overcome that. Have you tried local small banks and credit unions?

@Jay Hinrichs

What is everyone’s take on the multi family market? Is it more insulated than other real estate?

I would think it is and when the economy/stock market tanks people will turn to multi family investments. Additionally, with the interest rate as low as it is it can drive multi family values up

@Jay Hinrichs

What is everyone’s take on the multi family market? Is it more insulated than other real estate?

I would think it is and when the economy/stock market tanks people will turn to multi family investments. Additionally, with the interest rate as low as it is it can drive multi family values up

@Kevin Kolling

I could pretty much guarantee that the architect is marking up the price significantly