All Forum Posts by: Anthony Barrueco

Thank you for sharing, Will!

Hello, I'm considering buying property out of state and renting it out. I'd like to rehab the house and improve its value. What type of loan can I get to rehab the home if I won't be occupying it? Where did you buy your first property and why? Was it a single or multifamily house? Did it require rehab? What was the result?

Any insight is appreciated. 

Thank you!

Hello, I recently started learning about real estate investing and I'm considering buying a house Upstate NY that requires rehab using an FHA 203K loan. My intent is to move in with a 3.5% payment and improve the value then flip it 2 years later to use another FHA loan to buy a home, and begin investing out of state. What has been your experience using FHA 203k loans? Did you do a single or multifamily house? What kind of work can I do to add value to the house aside from adding a bathroom?

Also, feel free to correct anything I might have misunderstood about the process. Any insight is appreciated. Thank you in advance 

Thank you. I'll definitely keep looking upstate 

Hello, this is my first post so thank you in advance to anyone who shares their 2 cents. I am looking to buy my first house in 2021. I live in NYC and trying to figure out whether I should buy a fixer upper house upstate NY and rent it out afterwards or should I invest in out of state buy and hold properties? Currently looking at New Hampshire, Rhode Island, Georgia, and Texas.

Thank you again!