All Forum Posts by: Vidyadhar R.

thanks @Ashish Acharya. are there any restrictions on investing in commercial real estate or owning an llc? If that's allowed then to what extent is one allowed to participate in the business. Thank you

Hi members, as a H1B visa holder I've read on numerous websites that investment in rental properties and RE in general is legal however what's unclear to me is to what extent the visa holder can be involved as an owner. For example can the visa holder order rehab material, oversee rehab work, etc. or is a PM mandatory? Also can the visa holder use personal bank account for collecting rents, etc.? Please advise.TIA

Hi members, I'm doing a BRRRR on a SF. buying ($60k) it using a personal loan and plan to refinance (ARV $80k) it from a local lender after rehab ($5k). rehab duration would be a month.

I want to refinance asap after rehab but I've heard that the house won't appraise to its full ARV if refinanced within the seasoning period of 6 months and that you've to wait out entire seasoning period to appraise to full ARV. Is this accurate? Or does this only apply if you're refinancing it from the same lender? Where would I find accurate info for this question. Kindly advise. Thank you.

Hi members, I'm trying to analyze a deal to determine purchase price for a storage facility owned by mom/pop operator in a town with 10k population in AL to place LOI today or tomorrow. only one other facility in town. It's a poorly run facility w/ 160 units, >95% occupancy and value add potential. current annual revenue is $85k. expenses not shared, so I'm assuming 40% expense ratio. I'm raising capital for downpayment, financing 90% w/ SBA loan and providing 10% preferred return for investors. County appraised value is $700k, which I feel has already anchored the price but it doesn't cash flow. See screenshot below

I do not know what price I should be offering in the LOI. Should I offer a price based on what amount of cash flow I want? What amount of cash flow is acceptable? Please advise/comment/critique on my analysis and question and let me know if I'm missing anything. Thanks in advance

Hi members, are there any lenders who issue SBA loans to non US citizens who are lawfully in the US like for example on H-1B work visa? Lenders already issue home mortgages but I'm not sure if they issue commercial loans. Thank you.

thanks @Tom S. I'm checking them out and shopping around the marketplace. Hopefully should be able to make a decision soon!

Dear members, I'm buying my first rental property in NJ in a week and need to find lenders. The cost $60k, rehab $5k. I'm putting down $15k of my own money and want to finance the rest and rehab amount. I was looking at personal loans as the amount is less for HML. Already checking rates at LightStream, SoFi and DCU. kindly advise on any other good options. Thank you.

Dear members, I'm buying my first rental property in a week and need to find lenders. The cost $60k, rehab $5k. I'm putting down $15k of my own money and want to finance the rest and rehab amount. I was looking at personal loans as the amount is less for HML. Already checking rates at LightStream, SoFi and DCU. kindly advise on any other good options. Thank you.

Hi Jonathan, please share the invite on this thread when available. Looking forward to meeting fellow investors in the area! Thank you

Hi @Don Spafford