How to finance multiple properties

Posted by Wei Min Tan on October 24, 2017

Publication: Super Money

Summary: Super Money interviews Wei Min on using leverage to finance multiple properties. Article talks about what lenders look for, rental income and 1031 exchanges.

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+1.212.380.6134

tan@castle-avenue.com

641 Lexington Avenue,
22nd floor,
New York, NY 10022

+1.212.380.6134

tan@castle-avenue.com

641 Lexington Avenue,
22nd floor,
New York, NY 10022

About Wei Min

Focuses on investors of Manhattan condominiums, interviewed by CNBC, CNN, Wall Street Journal, New York Times
Ex-Citibanker, managed $500 million portfolio
MBA, University of Illinois at Urbana-Champaign
Manhattan resident since 1999. Currently lives in Tribeca with wife and 2 kids
352 burpees in 23 minutes, student of muay thai kickboxing

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Graph above shows the historical median price of a

Graph above shows the historical median price of a Manhattan residential condo increasing from $425,000 in 1999 to $1.7 million in 2017. During the downturn period of 2017-2019, median price declined to $1.588 million. Median price in 2022 was $1.746 million, a new record surpassing even the 2017 level. In Q1’2024, median price dropped to $1.632 million because of increased mortgage rates.

London calling, gotta go!

London calling, gotta go!

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Market pulse shows that we are currently in a neutral market.

Today’s 60-minute workout routine

Today’s 60-minute workout routine

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