Investing In Apartments Versus Single Family Homes

Real Estate Investing

Winston Rowe & Associates has prepared this article to detail the benefits of investing in apartment buildings versus single family homes.

Many investors would rather invest in single family homes than apartment buildings. However, the problem is that it is somewhat difficult to get positive cash flow houses. One apartment building may provide as much cash flow as twenty little houses. And once you have management in place it may be a lot less work.

When considering apartment buildings, you must remember to buy properties that will have positive cash flow from the start, based on the current income and all of your projected expenses including management. You are an investor, not a manager, and a good income property should pay for management and still produce positive cash flow. It is a good idea to investigate and verify details before making an offer; this will ensure for a honest investment.

Start by verifying income. There should be rental agreements signed by tenants, and rental histories showing if there are any problem tenants or late payments. Look for rental deposit documents also, to see amounts and where the deposits are kept. Also ask to see service contracts and agreements. Do they transfer, or are you free to seek better deals? These can include property management agreements, landscaping, snow plowing, pool cleaning service, and cooling system maintenance agreements.

Get the last 24 months income and expense statements, and look for anything unusual, like expenses that are too low or income that seems too high. Review the rent roll, and find out if the rents are over or under the market rates for the area. If there are employees, look at the payroll records for any surprises, like accrued vacation time that you’ll have to pay.

For the exterior inspection, you will want to first walk around and take notes. Watch for anything that looks unusual or in need of repair. Then you can get professional inspections, if necessary. You want to verify that the electrical and plumbing systems are up to date and meet current codes. You also want to get an estimate on how many years.

Take notes, and list problems, and estimated costs to correct them. You can use these notes during subsequent negotiations. The problems investors run into when buying income properties are usually not unforeseeable. They can be avoided or resolved if you just do your due diligence. Use a checklist so you won’t forget anything.

Commercial Business Loans

Commercial Business Loans

If you are looking for a Commercial Business Loan for Commercial Real Estate, Winston Rowe & Associates can help you.

Commercial Real Estate investors seeking financing can contact Winston Rowe & Associates directly at 248-246-2243

Commercial Property Types Considered:

Motels
Hotels
Apartments
Mixed Use
Resorts
Nursing Homes
Senior Apartments
Assisted Living Facilities
Hospitals
Shopping Centers
Truck Stops
Office Buildings
Automobile Dealerships
Day Care Centers
Golf Courses
C-Stores
Manufacturing Facilities

Their unparalleled service to its clients and is one of the fastest growing consulting firms in the commercial construction financing market. Their concise delivery is often imitated, but never duplicated.

Assisted Living Financing No Upfront Fees

Assisted Living Financing

Winston Rowe & Associates provides debt financing for senior living renovation, expansion, acquisition, new construction and refinance. Their extensive platform of services was created especially for senior living, and it continues to evolve and adapt to new trends and changing markets with this sector’s needs in mind. Winston Rowe & Associates works with for-profit and nonprofit, small and large organizations, independent living, assisted living, nursing facilities and CCRCs.

Prospective senior and assisted living facility clients can contact Winston Rowe & Associates directly at 248-246-2243.

Winston Rowe & Associates provides financing for the following property types:

Assisted living facilities
CCRC’s
Independent care facilities
Skilled nursing facilities
Medical office buildings
Surgery centers
Not-for-profit hospitals
Proprietary hospitals

Senior living has experienced tremendous changes over the past decade. Adaptability has been and will be key to remaining competitive as nursing homes, assisted living facilities, senior housing and CCRCs respond to issues such as the growth in facilities during the 1990s, the lifestyle patterns of today’s seniors, dynamic government regulations and improvements to home health care. Capital improvements are necessary for your organization to remain competitive by improving a facility’s physical characteristics to meet the functional and aesthetic needs and preferences of current and future residents.

 

Commercial Construction Loans No Upfront Fees

Construction Loans

Winston Rowe & Associates provides no upfront fee construction loans to build projects such as apartment buildings, mixed use/apartment buildings, self-storage facilities, retail office buildings, warehouses light industrial properties, special purpose/unique properties, hotels motels, restaurants, and multi-family housing.

They have quickly become a recognized leader in the commercial construction market because of their highly competitive, flexible commercial loans.

Commercial Construction Loan Criteria:

No Upfront or Advance Fees
Close in 30 Days
National Coverage
Minimum Loan Amount $5,000,000 with no limit
Maximum Loan to Value 65%

Winston Rowe & Associates provides unparalleled service to its clients and is one of the fastest growing consulting firms in the commercial construction financing market. Their concise delivery is often imitated, but never duplicated.

 

Nationwide Commercial Real Estate Loans

Nationwide Commercial Loans

Winston Rowe & Associates is a commercial real estate finance firm with a core focus on loans from $500,000. up to $50 Million, without upfront or advance fees.

They provide a diversified mix of national commercial real estate financing products, and a state of the art online commercial lending platform, with a staff of experienced professionals.

Savvy commercial real estate investors choose to work with Winston Rowe & Associates because they can often provide better terms than their local banks provide; such as longer fixed periods, longer amortization schedules, lower rates and or they need more aggressive underwriting standards than they have been able to find locally.

Winston Rowe & Associates Considers The Following Property Types:

Motels
Hotels
Apartments
Mixed Use
Resorts
Nursing Homes
Senior Apartments
Assisted Living Facilities
Hospitals
Shopping Centers
Truck Stops
Office Buildings
Automobile Dealerships
C-Stores
Manufacturing Facilities

They have the knowledge, relationships and experience to make sure that clients not only receive the financing that best fits their needs, but also that the clients complete the transaction with minimal headaches and in a timely manner.

 

 

Hotel Loans No Upfront Fees

Hotel Loans No Upfront Fees

Savvy Investors seeking Hotel financing are turning to Winston Rowe & Associates for their needs. They are a no upfront fee national commercial finance specialist with the experience clients need for fast funding of hotels for purchase or refinance.

They have an easy and straight forward streamlined underwriting process that enables their clients to finalize their transactions within 30 days or less.

Winston Rowe & Associates success is measured by their clients’ success, with their mission is to be clients source for the most appropriate – and advantageous – hotel financing that helps them achieve their goals.

Whether you are a seasoned investor or new to the market, Winston Rowe & Associates is there to help you explore your best options for hotel and hospitality financing.

No Upfront Fee Commercial Loans

No Upfront Fee Commercial Loans

Winston Rowe & Associates is your one-stop source for everything you need for no upfront fee commercial real estate loans, nationwide. They have very strong relationships with all of their capital groups and investors.

Winston Rowe & Associates offers expert funding for apartment loans, office, hotel, industrial or retail property loans. Their service oriented professionals give you the underwriting expertise required by today’s tougher lending standards. Whether you are a seasoned investor or new to the market, there here help you explore your best options for commercial financing.

Commercial Loan Criteria:

Loan Amounts From $500,000. to $500,000,000.
All Commercial Property Types
No Upfront Fees
Nationwide

Savvy commercial real estate investors choose to work with Winston Rowe & Associates because they can often provide better terms than their local banks provide; such as longer fixed periods, longer amortization schedules, lower rates and or they need more aggressive underwriting standards than they have been able to find locally.

Their experienced and enthusiastic professional team has the expertise needed to make the loan process as easy as possible for their borrowers and without upfront fees.

 

 

Commercial Real Estate Listings & Investing

Commercial Real Estate Listings & Investing

Winston Rowe & Associates, a no upfront fee commercial property financing firm has scoured the Internet to find the best sources for free commercial real estate listings and investment analysis.

If your looking for real estate properties for commercial investing or need background information on a asset?

Description of The Free Resource Links:

National Real Estate Investor.com

This is the leading authority on commercial real estate trends. The magazine’s readers represent a cross-section of disciplines — brokerage, construction, owner/development, finance/investment, property management, corporate real estate, and real estate services. No other publication provides as much independent research on a variety of topics that pertain to the office, industrial, retail, hotel and multifamily markets as National Real Estate Investor. We also produce webinars, white papers, research, custom publishing, reprints and custom conferences for our clients.

Cityfeet.com

This is the leading online commercial real estate network, connecting commercial real estate property owners and brokers to tenants, brokers and investors. Cityfeet offers commercial real estate products and services catering to the national and local needs of the commercial real estate industry. Cityfeet specializes in all commercial real estate property categories including office space, executive suites, commercial land, industrial property, retail space and businesses for sale. Cityfeet is the #1 source of free commercial real estate information for commercial real estate professionals and powers the commercial real estate area of many of the country’s most popular websites.

CIMLS.com

They provide real estate brokers and investors with a centralized online commercial multiple listing service (MLS). With over 250,000 registered members and $47 billion dollars worth of commercial property listings ranging from farms for sale to office buildings for lease CIMLS.com offers the largest free commercial real estate information service online today. Our partners attract a strong community of investors, commercial real estate brokers, appraisers, lenders and other real estate professionals. By working together, the CIMLS.com community offers you a full-service free commercial mls to buy, sell, or lease your investment properties. Join the commercial realty professionals at Century 21, CBRE, Coldwell Banker, Grubb & Ellis, Prudential and ReMax.

Commercial IQ

They are the most powerful commercial real estate search online, drawing commercial property listings from local brokerages and associations nationwide.

SHOWCASE.com

This search engine is for business professionals and investors looking for their next commercial property to lease or buy. Search from over one million properties across all asset classes, including: office space for lease, office space for sale, industrial property for lease, warehouses for sale, retail properties for lease, retail property for sale, multifamily apartments and land investments.

Zillow.com

They are one of the largest real estate Web sites in the U.S. and has become the premier destination for buyers, sellers, renters, homeowners, landlords, and real estate professionals.

Trulia.com

It’s an all-in-one real estate site that’s jam-packed with the most useful and timely information on homes for sale, apartments for rent, neighborhoods, markets and trends to help you figure out exactly what, where and when to buy. And you can get advice and opinions from local experts on Trulia Voices, your online real estate community.

LoopNet.com

They are the largest commercial real estate listing service online. Search commercial properties for sale or lease.

SBA Loans For Hotels, Shopping Centers, Office & Apartment Buildings, Gas Stations

SBA Loans

Getting an SBA loan is a new experience for many entrepreneurs and fledgling business owners. At present the SBA has some of the best financing available for businesses, such as gas stations, hotels, apartment complexes, office buildings and shopping centers.

It is extremely important that business owners do their homework before applying for an SBA loan.

A great place to start is Winston Rowe & Associates, they are a national no upfront fee commercial real estate finance consultant.

Getting an SBA loan requires a lot of preparation and effort, with prospective applicants getting only one bite at the apple. That’s why it’s important to do your home work on the commercial property type that you are trying to finance and work with an experienced financing firm.

What is the Small Business Administration (SBA):

The SBA stands for the Small Business Administration and was created to help small businesses in the United States.

While there are other programs that the SBA offers besides financing, their loan program is one of the most well-known because it guaranteed by the US. Government and has favorable rates and terms, especially in today’s economic environment.

It is important to note the the SBA DOES NOT make loans, but rather, guarantees loans made through private banks. The actual payments you make will be to a regular commercial bank, not the US government.

The SBA creates the program and guarantees most of the loan against default. It is important to remember that if you have access to other low-cost business capital you will NOT be approved for an SBA loan.

The program is intended for those businesses that do not have access to low-cost capital elsewhere

What do you need to apply?

This is an open-ended question depending on what type of business you are trying to finance. However, the rule of thumb here should be you will need a large amount of documentation for any SBA loan.

The reason why is that business loans are inherently risky given that most small business fail within 5 years of inception.

Because the government is guaranteeing most of the loan, they set the documentation requirements to help mitigate this risk.

Count on having to provide a detailed business plan, personal character essays/references, as well as detailed financial statements and projections. It is not uncommon for an SBA loan application to have in excess of 180 pages.

However, the upside is that it could make the difference between success and failure for you business.

What types of loans are available?

The SBA has several different loans designed for various business needs. The first is known as the SBA 7a loan. This loan is designed for small business and has the flexibility to meet the needs of most businesses.

Loans are made through commercial banks, with a portion guaranteed by the SBA. Loan purposes include working capital, business renovations, equipment, furniture and fixtures, land acquisition and new construction as debt refinancing under certain circumstances.

Duration of the repayment term can vary, depending on loan purpose between 10 and 25 years.

The SBA 504 & SBA 7a Loans:

This loan is designed more for businesses that may be part of a larger development or redevelopment within a community of city. This type of loan is typically just one of many used in a “financing package”, unlike the SBA 7A loan, which usually will “stand alone” as the primary financing vehicle.

In an SBA 504 loan type scenario, a private bank will provide up to 50% of the financing, with SBA 504 loan picking up an additional 40% while the business borrower will contribute their own funds of 10%.

It is important to remember that these types of loans are obtained also with the help of a CDC, or certified development company that is a non-profit corporation set up expressly for community economic development.

Getting an SBA loan may be the best decision you can make as a business person. The key is to allow you the adequate amount of time to get acquainted with multiple requirements and “hoops” you need to go through to get this type of advantageous financing.

While an SBA loan is the best option, it will never be a quick path to funding, so take the time to do your homework, and it will be time well spent.

Winston Rowe & Associates success is measured by our clients’ success, and their mission is to be your source for the most appropriate – and advantageous – hotel financing solution that helps you achieve your goals.

Their experienced and enthusiastic SBA professional team has the expertise needed to make the loan process as easy as possible for their clients.

 

SBA 7a & SBA 504 Loans Commercial Loans

SBA 7a & SBA 504 Loans

Winston Rowe & Associates, a national commercial finance firm that specializes in assisting clients obtain Small Business Administration (SBA) loans for hotel acquisitions, without upfront fees.

Many of Winston Rowe & Associates clients quickly discover after locating a hotel to acquire that unless their planning on putting 35% down or more in the form of cash and the hotel has a strong flag and great historical financials your only option will be either the SBA 504 or the SBA 7a loan.

The SBA 7a is reserved for loans under $2,000,000, while the 504 can go up to $7,000,000. The SBA is a Prime plus rate which most of the time floats.

Winston Rowe & Associates works with a number of banks that offer this as a 5 year fixed 25 year amortization loan.

The 504 program boast long term fixed rate financing, like 5 or 10 years. However most importantly, both options provide 85% loan to cost and or loan to value financing which is becoming very rare in this market.

Winston Rowe & Associates can have an SBA loan closed in 45 days. At present any issues that caused the bad press that the SBA received (and a lot of it deserved) has been resolved.

Most importantly the SBA unlike so many other banks and lenders are still funding hotel deals.

Winston Rowe & Associates knows what a great investment opportunity hotel/motel ownership can be.

They offer both mortgage financing and refinancing for an array of hotel owners or soon-to-be owners, for hotel acquisition and construction of new hotel properties.

Their experienced and enthusiastic hospitality professional team has the expertise needed to make the loan process as easy as possible for our borrowers.

Winston Rowe & Associates success is measured by our clients’ success, and their mission is to be your source for the most appropriate – and advantageous – hotel financing solution that helps you achieve your goals.