All Forum Posts by: Joseph Chiofalo

Hi Gokce, 

There are programs available to help investors with financing if the property is not cash flowing enough to meet debt service requirements. 

How is your credit history and what price range are you targeting?

Hi Cherie, 

Welcome to the community- 

There are many resources and professionals here on bigger pockets to learn and grow your business. 

Best of luck on your new journey!

JC

Hi Raul, 

How long have your parents been on title to the property?  

Have they been making payments direct to the loan servicing company for the mortgage? 

There may be a few ways to go about structuring this deal. 

Feel free to reach out to discuss more. 

Thank you 

Hi Raul, 

Welcome to the community-  There are many resources and professionals here on bigger pockets to learn and grow your business. 

Best of luck!

JC

Hi Anthony, 

How much of a line of credit do you need?  

Is for for a primary home or investment property?

JC

HI Priscilla, 

Welcome to the community- 

There are a lot of professionals and resources here on bigger pockets to learn and grow your business. 

Best of luck with your journey!

JC

Hi Benjie, 

Welcome to the community- 

There are a lot of professionals and resources here on bigger pockets to learn and grow your business. 

Best of luck!

JC

Hi Glady's 

Welcome to the community- 

There are many resources and professional here on bigger pockets to learn and network.  

Best of luck!

JC

Hi Dhirendra, 

I've had clients purchase both in personal name and in an LLC. Majority of my investor buyers do purchase property in their LLC. LLC's could provide liability protection. Your personal assets are shielded from property-related lawsuits or claims.

Hi Kim, 

Insurance in Florida has got expensive over the past few years.  

My group and I work with buyers in Florida and every deal is different for coverage costs.

Many factors are considered such as location & proximity to coastline, construction type and materials, roof type, age / condition, home age and condition, home value and rebuilding cost. 

Citizens insurance is often a last-resort option but tends to be more expensive due to fewer underwriting restrictions. 

JC