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All Forum Posts by: Anthony Zotto

Anthony Zotto has started 33 posts and replied 62 times.

Post: Denied From Bank, Seeking Funding

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

@Charley C. Great thanks Charlie!

Post: Denied From Bank, Seeking Funding

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

@Charley C. Great thanks!

Post: Denied From Bank, Seeking Funding

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

@Patricia Steiner thank you! I have already 4 door so I may consider borrowing against one as well!

Post: Denied From Bank, Seeking Funding

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

Hello BP!

I graduated college in May and currently hold a sales position. I have held this job for 5 months, and make $650 per week before taxes as a base pay. The bank I applied to said that they cannot count my commissions as income due to my short work history. My loan application was denied due to lack of work history/income. I have a 750 Credit score and was looking to purchase a single family rental for $130,000, which I have 25% down for. I was wondering if anyone could point me in the right direction as far as where I would go to seek funding ? Thanks for reading!  

Post: Troy, NY investors-- who is betting on South Troy?

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

I would also love to see Troy thrive, It has shown massive improvement in just the last few years. Big time projects like Starbuck Island, Incite building, News building, ect. 

Post: Successful Eviction in New York!

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

Thanks Scott!

Post: Successful Eviction in New York!

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

Hello BP community,

I am posting here to give anyone trying to go through an eviction in NYS some hope! I had a tenant who had stopped paying rent in August, and her lease expired in September. She would not leave the property after her lease had expired, and her due rent kept accumulating until now. I went to court yesterday and although I will not see a dime of the money owed to me, the tenant must vacate the property by 12/18. Some people reading this may asking why I am celebrating this, but after watching dozens of landlords before me go up in front of the judge and fight for the past money, I learned that It was a better long term play to sacrifice the money and focus on getting the tenant out. Once you remove money from the equation the judge/tenant are willing/forced to work with you. Yes, I lost some money but the good news is I will have the unit rented for higher rent heading into the new year. Hope I was able to help someone! Thanks,

Anthony Zotto

Post: NY Capital Region - Troy NY

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

Hello, I invest in Troy NY. You really have to do your research on the different areas because some places are absolutely safe and beautiful but two streets away may be the total opposite. DM me if you have any questions, I am from Troy.

Post: Eviction question in NYS

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24

@Steven Luttman Great idea thanks Steve!

Post: Eviction question in NYS

Anthony Zotto
Posted
  • Troy, NY
  • Posts 68
  • Votes 24
Originally posted by @Carl C.:

For the time being, all you can do is wait. There is both a state and national eviction moratorium. You can have a lawyer start the process but it will be ignored by the courts until we are out of this. 

 Thanks for the response! But yes unfortunately that is what I have been thinking