All Forum Posts by: Austin Plantinga

Hi all,

Thank you so much for the advice and direction. I will reach out privately with a PM. 

Hi BP,

I am looking to purchase my first investment property in the Capital region of NY. I personally like Albany and Troy
I'm living in NYC for work, but hoping to make an exit in the next year or two.

My goal is to purchase a multi-family home in Albany/Troy and use the hard money loan to fund the renovation and add forced equity. In a perfect world, my exit strategy is to refinance out of the HML into a conventional 30 year loan. I am looking to purchase as an investment property and will not be owner occupied.

I'm currently sitting at square 0. 

I need to connect with a Hard money lender who can help fund purchase and renovation. From my research, it seems the HML's are mostly located in Boston and NYC, however I would go out of my way to work with a local lender if possible.

I am also looking to connect with any local investor-friendly real estate agents in the area. 

Not sure if its allowed on BP, but I would also appreciate any information in the direction of a trustworthy contractor who operates in the capital region.

Thanks in advanced for all/any information. 

Thank you @Jonathan Greene and @Daniel Klein! 

I will reach out and connect. Thank you for the heads up on the Zoom calls, I will tune in Thursday evening! 

Hi @Nicky Lisewski ! 

Thanks for reaching out!

I am somewhat familiar with Philadelphia neighborhoods, I'm currently trying to get a better a grip on the city's layout. Ive actually never lived in Philadelphia, however, I have spent a fair amount of time visiting throughout college and the last few years. 

I have been looking at homes in Brewerytown, Strawberry Mansion, Kensington, and Port Richmond, but with that being said, I am very open to other neighborhoods as well if they are connected near public transportation. 

Hi BP!

I currently live in Brooklyn Ny but I am looking to purchase a triplex or quad multi-family home in Philadelphia within the next few months. This will be my first time buying a property so I would like to use a FHA loan program and also live in one of the units. I work as freelance architectural floor plan drafter all over the NY/NJ/CT region. I have a 682 credit score and ~$40k in bank accounts. I'm currently looking at properties in the $170k-$250k range.

I would love to connect with any Philadelphia real estate agents and people with FHA lending experience to become more competent on the process.

Thanks in advanced for your help!