All Forum Posts by: Tim Delaney

I think option 3 is the best. Use that larger downpayment to buy a multi-family in Irvine.

From the bankers I've worked with and spoken too, yes this is pretty standard. However, if you shop it around to some smaller banks you may find something a bit longer.

From what I have been told it is tough to get a HELOC on an investment property. Your best bet would be a refinance - you may be able to do this through a conventional mortgage. If you own other properties with equity you may be able to get a commercial line of credit on the portfolio.

@Jameson Sullivan I should have been more clear. I know what those different sign types are - I was curious about what to charge tenants for space on them. I am getting ready to put up a pylon sign at a plaza I purchased earlier this year. I own one of the primary businesses in the plaza as well. I was planning to charge tenants between $75-150/month for both sides depending on the slot and size (there are a couple different sizes). I also would like to eventually put some facade signage up as currently only one tenant has anything on the facade.

I would let her go. If she is already saying she can't afford it, you are bound to run into problems in the future. If the lease allows it charge her a penalty.

Not sure exactly what @Kevin Kruse was referring to, and apologies for somewhat hijacking this thread, but I'm curious specifically about pylon and facade signage.

@Will Allen Take a look at some listings that interest you and run the numbers through a BP calculator. Put in the estimated purchase price, any rehab, rents, expenses, etc. and see what kind of return you would get. The more properties you do this for in your areas of investment the better idea you will get of what a good deal looks like.

I'm currently looking specifically for BRRRR deals, so I'm looking for properties that I can acquire and rehab for less than 75% of After Repair Value (ARV). And then the rents also need to cover expenses including a mortgage for that 75% plus cash flow at least $200/door (you may be willing to settle for less or demand more, that's up to you). Doing this over and over has given me some insight into which properties I can just skip over.

Start looking at properties and analyzing the numbers. The more you analyze the better idea you will get of what things are like in each area.

From conversations I've had with my bankers, once there is a business/retail involved then it is going to be a commercial loan.

@Edward Kiser sure, send it over.