All Forum Posts by: Joel Gierbolini

I have talked to a lot of lenders and most only lend in the U.S. I was wondering if it was possible to get lending from a bank in the U.S. (no Puerto Rico banks) to purchase a rental in Puerto Rico. Since Puerto Rico is technically part of the U.S.

Thanks,

@Frank Geiger thanks for your input!!!!

@Elliott Elkhoury thank you alot!!!!

I am currently looking for a construction company to add an addition to my home in Hallandale beach, FL.

I find the prices for this addition (320 sqft 1 bath and room) in this market are to high compre to other markets. Is it better to get contractors from out of state and offer them a comfortable place to stay while they do this addition? Thanks!

Thank you guys a lot!

@Mike McCarthy @Jay Helms @Bob Okenwa

@Chris Mason and @Account Closed thanks a lot guys!

I have read many articles that this can be true. I talked to a broker and I was told that for your first primary property (FHA loan) the downpayment can be 3.5% and for the second property as long as you move 100 miles away from your primary property you can get a FHA loan of 5% down payment and you don't have to get a conventional loan on your second property. Is this true?

Thanks for the help!

I have plan on buying a duplex and house hack by renting one side and Airbnb the other side. The plan was to purchase the duplex and than put it under an LLC to protect my asset. I was told I can't because I would be putting 5% down payment and in the eyes of the bank I am going to live in it. Supposedly if I would put the duplex under a LLC I would have to pay the property off in 90 days. Is this true? If is true, than how can I protect my asset in case someone wants to sue me?( not that I'm expecting to be sue but you always should be prepared for anything)

Help please! Gracias!

Hello,

Any recommendation for a broker? I am currently trying to get a conventional loan. Preferly a broker that has access to loans with 2 banks or more (Orlando Area) 

Thanks,

Hello, 

Any recommendation for a broker? I am currently trying to get a conventional loan. Preferly a broker that has access to loans with 2 banks or more  (Orlando Area) 

Thanks,