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All Forum Posts by: Anthony Zotto

Anthony Zotto has started 33 posts and replied 62 times.

Post: Mortgage rates to reach low?

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

Do you think that this virus will drop interest rates on Mortgages, making it an ideal time to refinance?

Post: Have cash but cannot get a loan

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

A friend of mine has $300k cash but cannot get a loan and wants to purchase a multi family building but does not know where or how big. What is the best way for this person to get the most efficient use of his money? Thanks

Post: Looking for a good book on investing in apartment building?

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

@Lucas Miller thanks! And great point, one of the most important things I hear about is taking action. I currently own a duplex but am trying to grown exponentially. I am waiting to graduate college this May and show more income to qualify for financing, I will definitely reach out in the future!

Post: Looking for a good book on investing in apartment building?

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

@Tj Hines great! Thanks!

Post: Looking for a good book on investing in apartment building?

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

Hello, I have read many of the basic books on real estate investing, but I am looking for a book that goes deep into investing in multi family apartment buildings? Larger than 4 units but not a good about large 50+ unit buildings. Thanks for reading! I am looking forward to your responses,

Anthony Zotto

Post: Can new appraisal remove PMI?

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

@Jaysen Medhurst great idea, thanks!

Post: Can new appraisal remove PMI?

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

Hello,

I bought a duplex for $165k, put about 15k into it and I am confident that if I was to get it appraised it would come in somewhere between 205k-215k. The loan amount has been paid down to 159k, and I was wondering if I got the property appraised would I then be able to call and have PMI removed due to the 20% equity? Thanks for you time and I am looking forward to hearing some responses,

Anthony Zotto

Post: Borrowing money from property

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

@Jake Stuttgen awesome thanks!

Post: Borrowing money from property

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

Hello, I purchased a duplex in January and now that the house is complete I have no more cash to pursue another investment property. My father told me that he can put one of his houses that is all paid for in my name, if he does this I am wondering what the most efficient next step would be? thanks for reading and I am looking forward to some great feedback.

Post: Starting out as a college student

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

Hello,

I am 21 and just bought my first duplex 4 months ago. I had the cash for the down payment, closing cost, and rehab but all I had was cash. I partnered with a family friend who was able to get a loan and that’s how I was able to get the first deal.