Get step by step help financing your apartment deals. Apply to be my next protege here: www.commercialpropertyadvisors.com/protege-program

@SamandAl2013

Жыл бұрын

How has this information changed for 2023?

@CommercialPropertyAdvisors

Жыл бұрын

@@SamandAl2013 The fundamentals shared in this video have not changed.

Peter, I appreciate what you do. You go into great detail to explain to the most uninformed person. Thank You.

@odanaerfhuish361

6 жыл бұрын

Kenneth Noel jh vv

@jaimewells1725

2 жыл бұрын

You probably dont care but does any of you know a tool to log back into an Instagram account..? I stupidly forgot my account password. I appreciate any tricks you can give me.

@MetalBum

Жыл бұрын

Hey Kenny did you buy lots of property following Peter all these years?!?!?!

Thank you so much, Peter! I feel that you are personally mentoring me only! You are so detailed and meticulous in your explanations and teaching that my grasping of information is exact! Thank you for this wonderful experience!

Peter I just discovered your channel and I have watched about 5 or six videos. This a wealth of information. I have purchased properties in the past and actually gotten advice that contradicted some of the info you share. I bought a duplex instead of buying 5 units because my agent told me I would more consequences. I will buy the book today continue to watch.

Paused halfway through this is the very best video on commercial property and did not waste my time at all. He even gives you the exact credit score! Thank you!

Thank you so much Peter! I just purchased your book on Amazon to get started in the Commerical property business I will start in 2023. You have gave me the inspiration to get started! Thank you again!!

I do really appreciate and enjoy your way of explaining and simplifying matters, you’re the best. God bless your heart

Great video man. Extremely informative, thank you.

Another great video. Great info, good pace, clear delivery.

Amazing information in all your videos. Your service here is invaluable. Thanks bud.

SUBSCRIBED!! Can't thank you enough for sharing this great content.

Peter, As always another excellent video! Thank you!

Thank you for this AMAZING video! I learned a lot.

Peter, you are a very good teacher. Thank you.

@DesmanGoodson

6 ай бұрын

exactly he's the true teacher i want to meet him one day😊🎉

Sir, you are a real professional explaining and presenting a subject that many people find difficult. I really enjoy all your videos!!!

@edwinronquillo8195

3 жыл бұрын

Guy is great!

You rock Peter. Thanks for your contribution to success.

good video..knew commercial was 5 or more units..didnt realize they always want a bigger down payment. i deal in 2 and 3 family buildings.

Right Petter! of course Now i know exactly what DCR is and a lot a more information thanks to you, Thanks Petter!

Thanks, Peter. Your videos are so informative.

Thank you for sharing. Very informative.

That was so great and informative thank you for your time.

Good information as always!! Great content,

Thanks Peter, I've been studying real estate content since I was 16 (I'm 19 now, 20 soon) and you have opend my eyes in many ways. Thnk you again!

@CommercialPropertyAdvisors

22 күн бұрын

You are welcome! Congratulations on getting started early in life.

Great video Peter, thanks.

Respect to you sir. My virtual mentor

I love the work, keep it up!!

Thats a very Good thing for me to hear about And thats The Truth of The matter of fact Sir.!'

Fantastic course. Thank you!

thank you so much for your response

Great video. Thank you.

Love the ongoing great information, sir.

excellent training!! Just amazing

6 years later still very informative thank you

This video was amazing

Sir, your content is gold

Am learning more on this platform, i want to start real estate business.

great videos man! i keep looking over them. I was just wondering, what is the absolute limit? surely it's not 5m for everyone. is there a difference for real estate loans and business loans? (if i managed to obtain a net worth of 250-500m)

GREAT VIDEO!!! THANK YOU!

Very informative, thank you.

Great content , practical advise and hands on knowledge. Thank you.

@CommercialPropertyAdvisors

2 ай бұрын

Thanks for watching!

Thank you love your content

Thank you. We all appreciate it.

Thank you this was helpful

Great info! Thank you!

Sir, appreciate the video. I have a quick question for you. 1. I own a couple of multi-family homes and last year got into a flip. I got in a little over my head and as a result I acquired some 30-day mortgage late payments on my multi-family homes within the last year. My credit is now up to par but will the 30 day mortgage lates effect me obtaining a commercial loan? On the residential side most lenders usually require one year clean on time mortgage payments in order to purchase another property or refi.

Apartments is a good niche to get into.

Excellent instructor. I'm gonna buy his book.

On the 10 step loan process, is there anything I could do before step 1 to see how big of loan I can qualify for? Thank you, and appreciate the clarity.

Looks a lot like the residential loan process, i'm looking to invest in an apartment building have a good amt of assets but was laid off from job as a mortgage banker.

Thank you sir great information 👍

Hi Peter much respect for all the information you provide for us who know little to nothing about commercial investing. Found a property In CA the owner is asking for 1.2 M. For 8 studio Units. Total Operating Expense is about 20K. NOI about 51K and says Net Income shows at 51K I'm a little confused here. All this numbers are for 2019 .. Help is greatly taken. What's your advise.

great video Peter. and thank you specifically for covering DCR (debt coverage ratio) in detail. Question Peter, with rising costs of living, I find it difficult to save money for my first multi family deal. What advise would you give to save and make more money to make my first deal more obtainable? Also, how many units do you recommend to mitigate the possibility of failure in multi family? Is bigger better? The more I research, the more I belieave that it is better.

@CommercialPropertyAdvisors

7 жыл бұрын

Your two options would be to either create some cash by wholesaling some deals OR you can work on raising private money for a down payment and then structuring creative financing for the rest of the purchase. Check out this video: kzread.info/dash/bejne/hqmAmdWjhqvPYNI.html

Peter, we are looking to do a deal with a small town owner of a 12 plex (8 rooms for rent with 4 apartments) and a restaurant below the hotel. The owner is retiring. The area has a huge housing shortage because in the last 2 years, 3 large plants/companies are doing major projects (ie: $264 million, $130 million, $1.6 billion). That is correct no typos. Altho the hotel/rooms will be tiny in comparison to the economic needs in this area. We see it as a great opportunity. The owner hasn't kept very good records, a few things wrote down for the past 3 years. He has done no advertising. Hotel is located on the main highway going through town, the businesses 20 - 30 min away, many tourist events in this town, mechanics of building have all been rehabbed, during the next 2 years with construction of temp construction workers then permanent workers this area will increase by over 4,000 new jobs. Yes the numbers are all right, we have info from each company stating the numbers. We are talking with the bank that carried the previous owner's loan next week. Now I'm worried because of the info kept by the previous owner. Do you have any suggestions or since this bank has already been working with this owner and know the economic situation we should be ok? I appreciate all your videos, have learned a lot! Dee

great info

Thanks for sharing sir 👍🏾

Peter I love the video. Actually all your videos. I had a question. Do all commercial apartment loans have 5 yr balloons? Or arms? Most I've seen do. Are they a at apartment loans out here that are fixed for 15,20 or even 30 yrs? Please make a video about this and maybe how people take the balloon and then try to refinance before the note is called.

@CommercialPropertyAdvisors

9 жыл бұрын

+relentless kst YOu can get them for longer periods but that often raises the interest rate. Even 30 year amortized loans usually balloon at 10 years as a max.

thanks man!

I would like to do both, I'm interested in owning properties but also wholesale is good for businesses.

I love this guy: I can see how he could be successful.

Hi, what is the name of the website that you mentioned to get a list of properties?

"Hard Money" really means, super high interest rates. This means the property will NOT cash flow at all. Don't do "Hard money" loans unless your wanting to do a fast flip.

Newbie Question... Step 1 is sending 3-years of financials. But I understand that brokers require an LOI before they'll release financials. But the bank needs them. So I write the LOI first, before contacting the lender? Do I need an accepted LOI before I see financials? Thanks!

Hello Peter, when calculating the DCR, does the mortgage amount include taxes and insurance? I'm asking this question because taxes and insurance aren't debt but are included in the mortgage payment.

@CommercialPropertyAdvisors

7 жыл бұрын

No. Only the Principal and Interest.

I would love to go over my business plan with you and hear your advice on it. Is there any way we can connect

Great videos Peter. So after 10 years, would the owners have to re-finance? Or would the owner have to pay variable rates for the remaining 20 years of commercial mortgage. Did I misunderstand or are commercial loans 30 years?

@CommercialPropertyAdvisors

7 жыл бұрын

30 year amortization but a 10 year balloon. The owner MUST refinance by the 10 year mark.

@camellialiddell801

7 жыл бұрын

Commercial Property Advisors Thank you Peter. I'm studying all of your material. I really appreciate it.

Peter - I have 9 SF rentals and your video and getting me to think about MF complex’s. Did you sell all your SF homes to get into the business or do you have a mix?

@CommercialPropertyAdvisors

6 жыл бұрын

Sold them all.

Great Advice Mr. Peter, I have a question can you use a VA Home Loan to obtain a Commercial Property

@CommercialPropertyAdvisors

6 жыл бұрын

No

@joshbenjamins

6 жыл бұрын

The VA will do a loan up to a fourplex as long as you live in one of the units. VA also allows for a rehab loan of the property somewhere in the ballpark of 30K.

How are deals being done today? Are commercial banks lending money on this market?

What are some good loan companies that'll give you funds for Building multi family apartments? I want to get started but I’m stuck on that part. Thank you

@Commercial Property Advisors: If the seller(s) has chosen to advertise with a realtor and you became aware of the property because of their advertising, can you still reach out to them (the sellers) and seek to purchase without going through a bank? In other words, if a seller has advertised this way, are they legally bound to using the realtor in their transaction?

@CommercialPropertyAdvisors

7 жыл бұрын

Most likely they have signed a listing agreement with that real estate agent.

I'm 26 years old with bad credit but I have 100,000 cash steady income but it's low income since I work at a gas station and no other assets. How hard would it be for me to get a loan for a commercial building ?? I feel like the bank wouldn't think I'm worthy enough

Interested in learning more and actually purchasing a small apartment building. I would like to obtain financing first and I've met except for the credit requirement. What can I do?

@CommercialPropertyAdvisors

9 жыл бұрын

+Wholesaling Tony Watch as many of my videos as you can. You may discover some ways to reach your goals without going the traditional bank financing route.

If they do not lend to a particular area they are violating federal laws. They might tell you that but it is illegal lending practice and can have heavy legal issues accompanied by that type of denial.

Hi Peter. Ben Gabin here. I just applied to your protege program. Could you train me in the conversation to have with a seller to do a master lease on the property? I remember you saying that you get their motivation and structure the deal around that. Thank you.

@CommercialPropertyAdvisors

6 жыл бұрын

That and 1,000 other things are what we can help you with as part of that Program.

Thank you for sharing this, Peter!

Good evening Peter, on the subject credit you mentioned a term master lace? Can you point me to the video. Thank you hope all is well.

@CommercialPropertyAdvisors

2 ай бұрын

Sure! Master Lease for Commercial Real Estate: kzread.info/dash/bejne/q4Cb1rGkZJvcm7Q.html

Does this process occur prior to talking with the seller? In other words should you have approval before going to speak to the seller about purchasing the assetl and if not does it look bad to get approval from a lender for a commercial property and then decide to not do the deal?

@CommercialPropertyAdvisors

8 жыл бұрын

+genetics74 It's quite normal to get an approval and then decide not to do the deal. Obtaining the pre approval usually comes after the LOI stage

What if the property is worth a lot more than the purchase price,LTV of 50-60%? If a large chain bank like bb&t or Pnc are they still going to want the 25%? Thanks

@CommercialPropertyAdvisors

6 жыл бұрын

Yes. The bank will give the appraisal some consideration; but the purchase loan will be based on the purchase price, not the appraisal. You can refinance about 12 months later and pull your cash back out.

I apologize ahead of time for the comment but it needs to be said. Often. Here is a man of color who is someone to respect, admire, look up to -- a role model. Lionize him, not some thug and criminal. More people like him is how you put an end to racism. Not looting and protests. Again, I apologize, but like many people, I am fed up and have had enough.

any videos about property management ?

@CommercialPropertyAdvisors

7 жыл бұрын

As a matter of fact, we do! Watch this one: kzread.info/dash/bejne/m313sZWamMLAmJM.html

How do you determine the value the sellers are asking too much for their 4 bedroom apts.. Rio rancho NM.

@CommercialPropertyAdvisors

5 жыл бұрын

Look at comparable sales as well as calculate the NOI and determine if the Cap Rate is on par with the area

what if you have no credit. but you have the CASH to put as big as a deposit at they want even up to 80 percent down. would that help

@CommercialPropertyAdvisors

8 жыл бұрын

+az21bob666 Commercial lenders aren't concerned with your personal credit score, typically. They ARE concerned with your experience, net worth, etc. Please watch my video on buying commercial real estate without a bank loan: kzread.info/dash/bejne/q4Cb1rGkZJvcm7Q.html

❤

What if you’re in debt because of student loans? Will that impact how they look at your net worth or will they understand?

@CommercialPropertyAdvisors

6 жыл бұрын

Yes, it will impact your net worth. It's debt that you must pay back.

Why do investors shy away from class "A" properties? Why not hold on to a class "A" property long term rather then a class "C" and risk the investment?

@CommercialPropertyAdvisors

7 жыл бұрын

Class A has very low returns, high prices and usually only makes sense for big institutions that have enormous piles of cash and are happy with very low returns.

The money is not my problem. I'm always looking for deals though.

Hi I’m newer investor been investing in Realestate part time for about 6 years and have a portfolio of 5 houses and 1 commercial automotive property with 12 units total. I Have a decent 18unit apartment building I’m looking at off market and need a private money lender to help with down payment and rehab. Any recommendations would be much appreciated.

@CommercialPropertyAdvisors

4 ай бұрын

Watch this video on Multi Family Syndication: www.commercialpropertyadvisors.com/multifamily-syndication/

Hello Peter, do you do personal coaching an take on an students

@CommercialPropertyAdvisors

Жыл бұрын

Yes. Apply to my Protege Program here: www.commercialpropertyadvisors.com/protege-program

Need your assistances buying my first units

Great information but what about something more realistic for the average Joe trying to get started? The average person doesn't have 20% down for a $750,000 piece of property ($150,000).

@CommercialPropertyAdvisors

9 жыл бұрын

+Louis C Oftentimes, enterprising individuals raise the money from private sources if they don't have the required down payment. If the deal is good enough and you have enough wisdom on what to do, you can find a way to acquire the deal.

@rapaddictsupreme

9 жыл бұрын

+Commercial Property Advisors I understand but you didn't explain how to obtain cash from "private sources". You just mentioned a person needs 20% down for the $750,000 apartment and that was it. This "wisdom" I thought you would explain in the video. This is why I made the comment about setting more realistic goals for the average Joe who could work with a property that costs much less. Anyway, thanks for the video!

@CommercialPropertyAdvisors

9 жыл бұрын

+Louis C Banks want down payments and they don't like when you raise it from private sources. There are other ways to acquire commercial real estate that don't involve bank loans though. Watch this video: kzread.info/dash/bejne/q4Cb1rGkZJvcm7Q.html

@sliqwille

6 жыл бұрын

The average Joe isn't going to buy a $750K deal.

@billgreen1543

6 жыл бұрын

sliqwille this isn’t for the average joe.

I have a commercial property fully paid off. Would I be able to apply for this loan? would like to make some upgrades and repairs.

@CommercialPropertyAdvisors

6 жыл бұрын

Maybe

@RexTVRex

5 жыл бұрын

.

At what point do you put the property on contract? They won't accept my offer without a pre-approval, but i cant get a pre-approval without a purchase contract

@CommercialPropertyAdvisors

9 ай бұрын

Pre-approvals are provided BEFORE you have a property under contract.

Do commercial lenders require property management

@CommercialPropertyAdvisors

4 жыл бұрын

Yes, unless you personally have a proven track record for property management

DON'T GET DISCOURAGED BY THE NETWORTH REQUIREMENT. THERE ARE LENDERS WHO ARE COMPLETELY ASSET-BASED, AND DON'T CARE ABOUT YOUR NET WORTH. (YOU MAY NEED DECENT CREDIT, EASIER TO GET THAN $1M IN THE BANK IF YOU'RE NEW.)

Is this information still relevant now since the pandemic, etc.? A lot has changed in the past couple years and inflation is now a big concern.

@CommercialPropertyAdvisors

2 жыл бұрын

Absolutely! The interest rates are higher but the information in this video is certainly still relevant.

Hey guys if you're 1099 and you're not showing enough revenue for your DTI is coming back too high check out these guys.

no, i've never heard of DCR, so i'm far from 'an expert on debt-coverage-ratio'. 😁

@mattpendergraft7045

3 жыл бұрын

He explained it earlier in the video

How can I get in contact with you?

@CommercialPropertyAdvisors

3 жыл бұрын

You just did

So how does a poor guy like me raise enough money to supply the 20% down payment? I know absolutely nothing about this kind of stuff. I'm just a little guy with a big idea for a 200+ unit complex in a booming area with lots of families and 2 major universities packed with students, graduates, young working professionals, and young couples just starting families. There's many complexes around here (and I've lived in some of them and had friends in many more), but they're all the same old boring complexes. My idea would be a very social and fun complex for anyone from a new college student to a single working graduate to a couple with kids that would blow all the other complexes out of the water. Like I said, I'm just a little guy with a big idea, no money and no idea how to pay for it. I have a friend who's an architect and another friend who's a developer licensed to build up to 7 stories high and has built anything from homes to hotels, but I have no money and zero experience in this sort of thing. That's my problem, and I have absolutely no idea what to do about it. What can I do?

@CommercialPropertyAdvisors

3 жыл бұрын

Watch this video: kzread.info/dash/bejne/hqmAmdWjhqvPYNI.html

@MichaelP_IsMe

3 жыл бұрын

@@CommercialPropertyAdvisors Thank you so much Peter! I will watch it now.

Can you mentor me?

@CommercialPropertyAdvisors

6 жыл бұрын

Apply here: www.commercialpropertyadvisors.com/protege-program

@bettsdynasty3806

5 жыл бұрын

kzread.info/dash/bejne/hoqjs7J8g9fPcco.html