All Forum Posts by: Eli Rods

Hi,

I am looking for some insight and advice from management companies here in NYC, regarding gym equipment repairs. I am mulling starting one in NYC and wondering how this relationship or awarding job orders work.

Any insight would be helpful.

Thank you!

Thank you for your response!

Forgot to mention he’s in NY

Hi fellow BPers,

Need your help for a friend of mine.

He was denied a mortgage loan by Citi Bank because he is self employed. He has 3 weeks left to find another mortgage since he’s in contract.

Used to be an investment banker. He is not a W2 employee and doesn’t have much credit history because he doesn’t use a credit card very often. Not does he have a car or other assets with ongoing payments. He has an excellent debt to Income ratio and was very diligent in providing 2 years of solid income and payment history.

I know his lack of credit history is a tough one here. Can someone advise here?

Has anyone had RECENT experience with asset based lenders and if so any idea on what the rates are? Have a multi unit looking to finance for 30years.

Hi fellow BPers,

I am an out of state investor with Section 8 experience.

Looking to now invest in a multi unit property in Jacksonville, FL and wondering what your experience has been specifically towards section 8 tenants here? Does demand outnumber supply? Quality of tenants? Neighborhoods and average rent? Any other information that will assist me in determining this market.

Would like to hear your experience.

Thank you and appreciate your time helping me.

Eli

I was recently offered an opportunity to buy a condo pre-developed in NYC at a special investor pricing (fundraising stage) from the developer. This form of selling is below market price (usually about 20-25%) and helps developer meet Fannie Mae guidelines; where at least 51 percent sold, among other requirements, allay bank lending fears to other buyers.

It was an eye opener to realize how developers discount their units to meet their financing requirements. Has anyone done this by any chance or could you share some light with this type of investment?

@Jaysen Medhurst many thanks!

@Roni Elias got it- thanks