All Forum Posts by: Chris Breezy

My first little taste of an investment so I’m really trying to start out with something good here thanks

So my parents inherited a co-op in Brooklyn ny. Where me and my gf are gonna move in once rehabbed.

current value- 315k fully paid off 

Rehab- gonna cost me 20k since I’m doing it all myself 

Post rehab value - 345-350k

1. 
   the hoa that I will be paying is about 600 a month. My idea is to get is assessed to a exact number and get a written document stating that and then down the line once sold I make the difference in appreciation since I’m laying out the 20k rehab. Is this beneficial to me? Any other strategy’s that will better benefit me?
   

any more advice not really real estate specific 

I'm a mutual fund investor and have only invested post recession. I'm trying to protect the assets I have in my brokerage account now. What would u guys Recomemded me to invest in that will help me during another recession.

Ur saying theirs also a lender insurance that he failed to mention?

@Michael Cohen I was told I can get 3.6 percent compared to fha which would around 4.0

@Adam Zacharski when is the next Nassau county tax lien sale ? I googled it but can't seem to find much info. I'm very interested in tax lien I would love to just attend the auction and observe. Have u had success in Nassau county? 

Thanks a lot for any info 

I spoke with a td lender and he's telling me he can get me a mortgage for 3% down and pay no mortgage insurance.

He said theirs no owner occupant issues has any body ever get offered sumthing better then a fha or is their stuff he's not telling me 

I got my funds and goals in order , I want for a 2-3 family in New Jersey or staten island using fha loan.

My question is how do I get pre qualified ,because I don't want a hard inquiry on my credit yet cause I haven't looked at property's yet but I do want to see how much I can get loaned. 

1. Can I talk with lender in NYC even though I plan on buying in Jersey.?

2. I use td bank so can I just go in and tell them what I'm looking to do?

3. How do I qualify for the fha part of the loan ?

I'm looking for any knowledge on the early stages of the process

I would like a answer to this also since I wanna start looking but gotta wait for November for 2 years of steady work history