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All Forum Posts by: Jonathan Soto

Jonathan Soto has started 7 posts and replied 675 times.

Post: New member in New Jersey

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 692
  • Votes 252

welcome. if i can help in anyway reach out to  me.

Post: Duplex - Mixed Water Heater and Heating Systems

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 692
  • Votes 252

i agree with above to adjust rent on both side to help off set and cover difference but in order to resolve depending on location it can get costly. are the units side by side or on top of each other? 

Post: NJ Investor Looking for Advice

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 692
  • Votes 252

congrats on success thus far. would love to connect to see if i can assist and resolve your concern.

Post: Have anyone used any grant consultant they can refer?

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 692
  • Votes 252

Is it the grant for first time home buyers? or would it fall outside of that?

welcome. lets talk. i'm in nj but not too far

Post: Multifamily investment in New Jersey

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 692
  • Votes 252

lets connect. would love to see if i can help you have smoother journey

Post: Small multi family and property manager

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 692
  • Votes 252

yes. just need to run numbers. 2 families are normally tight with numbers so it may not work but if you buy right and rents there then it may work. which state are you looking?

congrats on the first step. without mortgage and rent roll tough tto judge it. but 10% no pmi is awesome. i'm in morris county too. lets connect 

Post: Buying my first time rental investment property

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 692
  • Votes 252

congrats on taking the leap. do you know which areas you would like to purchase? i noticed ny, nj and ct but do you have an idea which counties or cities. may be i can help 

Post: Getting a conventional with 5% down?

Jonathan SotoPosted
  • Lender
  • Newark, NJ
  • Posts 692
  • Votes 252

hey trevor you can do 2 family with 15% down. the 3 and 4 units goes up to 25% down. this is your home ready loan under conventional

there are different loan programs under conventional.  the home Possible loan does do 5% down on multi (2-4 units). this one little tougher to qualify. ill send you a message to connect