All Forum Posts by: Joshua Taffe

 For rent redi how do you take into consideration co-applicants?

 Hi, Elizabeth on the Heloc application did you elect cash, home improvement, or other? 

In terms of importance out of all that you included what would you say would be a deal-breaker/maker? Would you recommend having separate water and electric meters? And how much do you subtract from the rent if in the future you look toward separate utilities on an estimate, or is that something you look at the financials for?

Any recommendations o where to find these lenders? And what are some favorable terms? I looked the current rate is anywhere from 8-12% less inexperienced investors on the higher end. Are you saying to acquire the hard money loan first and then find wrap it into a 30-year mortgage?

@Catherine Emert Thank you

Hello, if anyone is in need of work being done in the NYC/ Long island area reach out to me. This includes drywall, paint, flooring, Demolishing, electrical, plumbing, roofing, windows, and much more.

What are the questions I need to ask a realtor to ensure they are the right realtor for me and look out for my best interests. Are there questions that you guys ask before getting into bed with one?

So far I have

How long have you been an agent

Why did you choose this brokerage

3 recent references

How many deals have you done in the last 3 months

Hello,

I am looking to invest in a buy and hold of a 2 to 4 unit home in CT.

I currently found a duplex listed at 229,000. 3 BR 1 bath in both units. Rentometer says 1292 average so, let's say 1250 a unit. But the property has the possibility to add 2-3 bedrooms on the first floor and increase rents to 2,000 if upgraded to five bedrooms, my dad is a contractor with 30 plus years of experience without looking at it he gave me an estimate of 14k-20k material and work included, depending on the wiring, flooring, etc. I live out state in NY. Based on the 70% rule, the offer would hover right around 190000. I wouldn't necessarily be looking to flip it but more a buy and hold situation possible refi down the line. When looking into something like this I don't have the financing, and what are some ways creative ways around the 20 percent down payment rule, and does this applies I have no debt and a very high credit score or is that the rule all banks have especially toward a new investor. Also, What are some due diligence I can take when researching a property such as this? Sorry for being all over the place but that's how my brain works.

Hello,

I am looking to invest in a buy and hold of a 2 to 4 unit home in CT.

I currently found a duplex listed at 229,000. 3 BR 1 bath in both units. Rentometer says 1292 average so, let's say 1250 a unit. But the property has the possibility to add 2-3 bedrooms on the first floor and increase rents to 2,000 if upgraded to five bedrooms, my dad is a contractor with 30 plus years of experience without looking at it he gave me an estimate of 14k-20k material and work included, depending on the wiring, flooring, etc. I live out state in NY. Based on the 70% rule, the offer would hover right around 190000. I wouldn't necessarily be looking to flip it but more a buy and hold situation possible refi down the line. When looking into something like this I don't have the financing, and what are some ways creative ways around the 20 percent down payment rule, and does this applies I have no debt and a very high credit score or is that the rule all banks have especially toward a new investor. Also, What are some due diligence I can take when researching a property such as this? Sorry for being all over the place but that's how my brain works.

Hello, 

I am looking to invest in a buy and hold of a 2 to 4 unit home in CT.

I currently found a duplex listed at 229,000. 3 BR 1 bath in both units. Rentometer says 1292 average so, let's say 1250 a unit. But the property has the possibility to add 2-3 bedrooms on the first floor and increase rents to 2,000 if upgraded to five bedrooms, my dad is a contractor with 30 plus years of experience without looking at it he gave me an estimate of 14k-20k material and work included, depending on the wiring, flooring, etc. I live out state in NY. Based on the 70% rule, the offer would hover right around 190000. I wouldn't necessarily be looking to flip it but more a buy and hold situation possible refi down the line. When looking into something like this I don't have the financing, and what are some ways creative ways around the 20 percent down payment rule, and does this applies I have no debt and a very high credit score or is that the rule all banks have especially toward a new investor. Also, What are some due diligence I can take when researching a property such as this? Sorry for being all over the place but that's how my brain works.