All Forum Posts by: Femi Chebaís

May not be experienced myself, but I believe I know a guy that can help you out here. His username is Mathew Irish-Jones. I'll let him know to look out for you. 

Thanks for the response Joseph, this helps so much already. Now in response to what you said, would I have to pay insurance and PMI or would that be Considered the same cost?
And although I am using an FHA, assuming the insurance and PMI are the same, what would determine that value? Comparison with other local properties? Or is it determined by the loaner? See I haven't started a formal application out on an FHA yet, just trying to make sense of the numbers before I really get down to business

Hey BP Family, Couple questions that I can appreciate any advice on. 

So I'm currently in the deal analysis phase of my investing career, and as a first time homeowner/beginner investor, I thought it'd be best for me to start off using an FHA loan in a multi-family home to begin my investing career. When using the BP calculator for deal analysis, how can I get an accurate estimate of my expenses per month, If I plan to use an FHA loan? Is there a general rule of thumb that I can use for the following?

1. property taxes,

2. Insurance

3. Repairs & Maintenance

4. Vacancy

5. Capex

6. Management

It is to my knowledge that with an FHA, the taxes and Insurance (PMI) come included in one price, how would I account for that while using the BP calculator?

Hey Everyone! I'm definitely new here, but thought I'd try my luck and see where it takes me. I'm currently in my 3rd year of medical school at SUNY Upstate, and I've been looking to educate myself in the art of real estate in hopes of one day diving into the mix upon graduation. I'd appreciate any advice or information I could get on how the market is over here in the Upstate NY area, and if there really isn't much, I'd love to hear about any in the surrounding areas! Primarily however, I am looking for information and guidance from like minded individuals who are already seasoned, or newly beginners just like myself. Thank you for your time and please feel free to connect!