All Forum Posts by: Arionnys Honorio

@ken seveur Thanks for the information very helpful.

Thanks Ceasar, any recommendations on local lenders? I’m also considering Mount Vernon.

@Cornelsmith totally agree, thank you very much!

Hi everyone, I'm a newbie; trying to work on my first property with a buy & hold strategy, looking for a 3 unit multi-family, I've been doing my homework on FHA loans. I already have a preapproval from The Federal Saving Bank; they approved me a $290,000 loan. But the preapproval letter says:

Sales price: 290.000

Loan amount: 279,850

Financing Percentage: 96.5 FHA

Does that means: a) besides financing the 96.5% of the total cost of the propertie, they approved a loan of $290,000 or b) My FHA loan is limited to 290,000 and I have to come with the remaning amount of the total cost of the propertie? The price of a tripex house is way more higher than that here in the Bronx, should I try something else?

Any suggestions, advices, warnings, recommendations... would be greatly appreciated.

Thanks in advance

Arionnys 

Hi Bigger Pockets,

Has anyone had experience using Credit Unions in NYC.

Any suggestion or advice is well received, thank you in advance.

I'm more than glad to found BP and persons that are willing to share what the had learn so far, like you guys William P.

Thanks you so much William P.

Thank you all, I really aporeciate yours adove, I'll definitely take it. Hey William P. It's seem that you have the experience in Greater New York. I'm considering to do a Real State course, did you think will be useful in order to start in the real state market and for the knowledge as well? I'm open and willing to chat about it. Any advice or recommendation will be rally appreciated. Thanks

Hi All,

Just joined bigger pockets and wanted to introduce myself. I'm Arionnys just a 24 years old guy interested in how to start in the real state world, my field is architecture (actually I don't have this vast experience in the field, I barely have 1 year working as a drafter). But I do know what I want in the future, and is combine my architectural path with the real state, I'm willing to learn as much as possible about the market. I wanted to get some guidance on what neighborhoods I should be looking, or nearby areas such as NJ, Yonkers, Connecticut, Long Island.