All Forum Posts by: Zachary Ware

Welcome to BP! 

Thanks for the post! I appreciate that this includes information relevant smaller multifamily properties as well.

Hey Jose, 

Have you looked at other types of loans? Sound like a lot of points to me. As others have mentioned, I would recommend looking at a DSCR loan as I see lower rates and points right now depending on the credit score and the property's performance.

Do you already own the home and just need reno funds, or will you be buying the property? 

I recently worked on a deal in GA that had a significant amount of unpermitted work including an addition that was successfully retroactively permitted. It took about 3 weeks in total to get the new permits. I would call the local city/county office that issues permits and ask them what the process looks like.

Congratulations! Does the cash invested include rehab as well? It seems like very low leverage and I am curious why you chose this path. 

 Great Advice! 

I agree with @Kenny Smith, you have to get creative right now. I also see people holding on to liquidity at the moment and improving their own systems. For some that is dialing in their deal sourcing, marketing, contact list and for others that is operational, making sure they are being as efficient and cost-effective in the tenant management, maintenance, and amenities. 

I agree with the others on this thread. If he is not causing a disturbance, I would look past it. Not all routines look the same for people and constantly keeping tabs on your tenants will be exhausting in the long run.