All Forum Posts by: William Hirsch

Would anybody be able to refer me to a good real estate attorney with experience on setting up holding and management companies, and landlord/tenant law in the Houston, Texas area?

Thank you in advance

William

Hi, this is something that I can't seem to find much information on, and perhaps someone here can help.

If you buy a rental property with current tenants under active lease, can you as new owner break/amend the lease and set up a new/amended contract? 

I suppose you have to honor their lease unless there is enough basis to break it, but I'd like to find more information on this.

My concern is that existing lease may not be thorough enough, and may be excluding

important clauses such as whether a landlord pays any utilities.

Thanks in Advance !

I meant 0% down payment. I'm aware the interest rate charged goes higher than conventional loans. The idea is to use this tool to cover major repairs, bring value to the property and refinance to a conventional loan at a lower interest rate

Hi! I'd like to take the opportunity to introduce myself, as i'm new to this site, and also ask a question related to Multifamily investments, and I apologize if this question has been asked before.

I'm a new investor looking to find a cash flow  rental property between 4 and 10 units i the Houston area, and as i analyze several listings, i ran into this question.

If i want to finance at zero percent using a hard money loan, how do i go about finding the ARV figure for such property? From what i understand, a percent of the After Repair Value is the metric used to calculate proceeds on a hard money loan, and such ARV is based on comparable values from houses within the subdivision of the target property

Given that a multifamily residential property may not be in close proximity to another, it seems difficult to find a true comparable.

I read that you may need to compare cap rates between properties. So, if i can figure the cap rate on my target property, can i directly compare to another property that is rent ready  but at a farther location within the city?

Thank you in advance,

William