Looking to buy multi-family properties
Started by halseyllc
over 15 years ago
Posts: 1
Member since: Apr 2009
Discussion about
I am looking to buy multi family income producing properties in brooklyn, queens and lower manhattan Let me know if you have access to any of the following: 1) Do you have access to market or off market deals that are +8% return? 2) Do you have access to people who would be willing to invest? Thanks in advance for your help.
yes
Are you looking for a hard money lender to close deals fast and then pay-off with traditional financing?
Current terms are (approx): 14% rate, 4 points, 6 month term with 2 90 day extensions. max ltv's of 75%-80%, closings in 5-10 days
If this fits for you, respond here with an email and I will be in touch.
lol
Sure, I'll be your hard money lender too. Same deal as Apt_B, but I'll lend at 12%.
Are you saying you are looking to buy, and also looking for equity partners?
You are not going to get anything in Manhattan with an 8% return anymore. Not in the OBs either, and the more "Outer" you get, the more experience you should have, imo. What price range are we talking here?
Are you looking to manage too, or outsource that?
Try Vegas, and you can take that suggestion either of the two ways in can be meant.
yes. and start with loopnet.
You may still find good deal in Sunset Park Brooklyn. My friend bought a 6 apartment building there last year for $500K. Since it was bought in cash, they are getting near 8% return.