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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48 and better shape than ever!

The overall theme in the current Manhattan propert

The overall theme in the current Manhattan property market is 20-year high mortgage rates and limited supply. Closed sales volume at 717 in October 2023 was 30.4 percent lower than a year ago. Contracts signed was higher for October 2023, with 793 contracts signed, up 9.2 percent from last year. The average price per square foot for a Manhattan property (average of condo and coop) was $1,363, 5.3 percent lower compared to last year.

Weekend at Cornell😀

Weekend at Cornell😀

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