All Forum Posts by: Joe Bruck
Joe Bruck has started 18 posts and replied 58 times.
Post: Appraisal in Baltimore
- Brooklyn, NY
- Posts 61
- Votes 13
Originally posted by @Trevor Sie-Duke:
Depends-
Is that the current value or ARV based on a scope of work for a renovation?
If it's the current value then what condition is the property in and what is in it?
The appraiser wrote in the report 'quality of construction Q4 ' , ' Condition C4' can some one explain in detail or give a example with images of similar grading , I'm new to real estate...
Post: Heloc on MD investment properties
- Brooklyn, NY
- Posts 61
- Votes 13
Hi All,
Does anyone have a recommendation for a good lender who will do a HELOC loan on a rental property, Thanks in advance for any advice or recommendations.
Post: Appraisal in Baltimore
- Brooklyn, NY
- Posts 61
- Votes 13
Does it make sense that my appraisal came in at only $35,000 ?
for a 4 bedroom ,1 bathroom ,1500 sqf house in zip-code 21216
Post: Opinions on Marshall Reddick Real Estate?
- Brooklyn, NY
- Posts 61
- Votes 13
Originally posted by @Nav Singh:
Hi Madhavi Ganti I am an investor from the Bay Area like yourself. I've been a BP listener for a couple years now. Have educated myself on topics related to real estate like taxes, asset protection, evaluating a property, and so on. I know there are many good turnkey remote real estate companies. I've followed some of their podcasts, like Clayton Morris, Norada Real Estate, Real Wealth Network. I invested through Marshall Reddick because I attended their seminar and they didn't appear very sales-y to me. I just purchased a duplex in FL through them, and invested my self directed IRA money. Overall my experience has been great. Be aware though that I'm just starting my property management journey through them, so will have a better update about cash flow in 6-12 months. I do plan to invest more through MR. If you want to discuss, send me a pvt message.
Nav.
Hows is your property doing ,any updates to the good or the bad ?
Post: Rental property mortgage , Upstate NY
- Brooklyn, NY
- Posts 61
- Votes 13
1) What is required to easily qualify for a mortgage on a $300,000 single family house or townhouse purchase for income? (for example income,down payment,credit score,cash reserves etc.)
2) If the above conditions are meet how long will it take for the lender to approve the mortgage?
3) Is proof of residency a major factor for a lender?
Post: New Jersey , Piggyback loan
- Brooklyn, NY
- Posts 61
- Votes 13
1) Can i get a piggyback loan for a first time home buyer and if yes up to how much money would a lender borrow?
2) same question as above but as a investor?
Post: Piggyback loan (80-10-10)
- Brooklyn, NY
- Posts 61
- Votes 13
Does anyone know of a good Book that goes in to detail of piggyback loans/mortgages ?
(I've searched amazon to no avail...)
I'm new to rental property investing like a newborn, what should i ask a broker? i feel really dumb... i've googled to educate myself... but most crap on the internet is only why its good to invest in real estate... etc. ,