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Can I get a commercial loan without 25% down?
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Can I get a commercial loan without 25% down?
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Likely story - high apparent cap rate & CoC, but reality is C/D neighborhood and tenants yielding headaches, collections, evictions, repairs —> little/no effective return
Mentor
Lmao you’re buying in a D class neighborhood aren’t you? Have fun dealing with D class tenants
Subject Expert
What do you mean holes in the wall are standard decoration?! 🕳
So you’re cash flowing $675 per month ($8100 per year) on an investment of $17,000? That’s a 48% cash on cash return. I’d say that’s pretty good. I feel like we’re missing some additional information…
Subject Expert
This doesn’t add up. If it looks too good to be true…
Something tells me that the tenants owe back rent, and/or there are significant maintenance items that are long deferred and coming due. A $10k or $15k roof job, or a repipe or foundation issues kill your gains. Something smells fishy here 🐟