All Forum Posts by: Andrew Cosme

In the process of closing on a duplex in which I will be turning my current primary single-family home into a rental and occupying the duplex. On top of these 2 properties, I have a 3rd which is already a rental property. looking for a broker that can help me insure all 3 of these properties. Thank you.   

 Do I reach out to the attorney and just tell him what the terms we agreed on were or do I need to provide the attorney with something? 

I met with a seller, and we have verbally come to an agreement on purchase price, interest rate, down payment, term length and monthly payment. What is my next step in the process to legalize it? Would this be a letter of intent or promissory note? If so, is this something I can get a template of online or do I need to seek one of these documents from an attorney to then present back to attorney signed by both parties to then draft a formal contract? Thank you in advance for your help. 

I would like to get into seller financing and subject to deals but don't really fully understand the payments portion of it. What I mean is, the payments made to the seller, is the total payments consisting of principle/interest, property taxes and mortgage insurance all wrapped into 1 payment and made to the seller? I have this question for both seller financing and subject to. Thank you for the help in advance. 

Is the written agreement something that has to be signed by both parties then turned over to attorney to then draft up a contract? Like a letter of intent? or am I simply just going straight to an attorney and telling them the verbal agreement and having them draft up the necessary documents? 

After having a phone call with seller and coming to a verbal agreement on terms for selling financing, what is my next step? How do I start the process to make it legal?  

Just looking for a subject to contract I can use in Buffalo NY. 

Thank you! Very helpful, I appreciate it!

My loan is with Flagstar Bank. I don’t mind calling banks in my neighborhood but I also don’t know the right questions to ask. You think connecting with an investor friendly broker would be the smarter decision? 

My name is Andrew I live in Buffalo NY and I currently have a single family house and I’m looking to tap in to my equity so I can buy a duplex and house hack. There’s a couple credit unions in the North Tonawanda area I live in but was wondering if maybe someone had a referral I can check out. Please and thank you!