All Forum Posts by: Account Closed

how much is owe on the mortgage and what is the home worth?

If your current home has $550k in equity I’m assuming it’s almost paid off. How much do you owe on the home ? Also if it’s a 2 family, I’m assuming you’re already a landlord renting out the other unit ?

Craig Curelop gave great advice. I would not recommend you start out with little to no money down wherever you do it. Way too risky and sets yourself up to fail financially way too easy especially for somewhere starting out. I would advise you focus on becoming debt free if you’re not already, starting a monthly budget and stacking as much money as you can as fast as possible. Then revisit the question when you have a hefty stack. Good luck!

Welcome!

multi family market is good if you can get a bargain under market value. 

Ceasar Rosas which part of the Bronx is your property located ?

Majority of the bronx is hood. Which particular area/neighborhood ?

Play kissy face with the banks. Borrow and pay back. Go in debt

$300-400k?! Multis are going for closer to $1 million unless you looking to get something in the “hood”.

Why wait? Prices will only go higher until the next correction.