All Forum Posts by: Andrew Galeano

Hey everyone, Currently looking to do my first investment property. Speaking to some co workers they are informing me that my biggest hurdle would be receiving a loan. Not necessarily a loan for my first property, but once I start getting a few under my belt. Basically, one of them told me that he is unable to receive another loan for a 4th investment property that he has. Although all his properties are cash flowing he states that the lenders consider him "High Risk" so he must come up with around 40% of a down payment instead of 20%. Can someone run me through this process briefly, I know its alot and if you have any articles or books to recommend to me about mortgages loans on properties and dealing with the banks or other lenders that would be much appreciated! Goodluck to everyone on the hunt for deals this week!!

thanks Rosston appreciate your help

thanks for the advice peter!

Hey Everyone. Im looking to do my first investment property. I live in Nyc so I am leaning on more of a out of state investment. Looking for some feedback on how to get listings of properties in other markets. Should I reach out to an Agent once I decide what area I want to invest in? Or use a website like Zillow? Thanks! Hope to hear back!

Hey Everyone. Im looking to do my first investment property. I live in Nyc so I am leaning on more of a out of state investment. Looking for some feedback on how to get listings of properties in other markets. Should I reach out to an Agent once I decide what area I want to invest in? Or use a website like Zillow? Thanks! Hope to hear back!

Hey Everyone. Im looking to do my first investment property. I live in Nyc so I am leaning on more of a out of state investment. Looking for some feedback on how to get listings of properties in other markets. Should I reach out to an Agent once I decide what area I want to invest in? Or use a website like Zillow? Thanks! Hope to hear back!

Update us!

Hey BP, im starting out as a bird dog in NY a developer i know offers 15k or more if i locate deals for them and they close on it. Problem is im a little stuck on what to say to the distressed owners of the pre forclosures, do i just knock on the door and make a deal or do i ask them what theyre trying to sell for? Any advice will help thanks