All Forum Posts by: Julie N.

I have a 2 family and insurance is less than that. I use State Farm. Getfranco.com Contact Franco and tell him I sent you. We do a lot of business together.

To live there it must be his primary residence. Otherwise it’s considered a sean home and needs 20% down.

If it’s a good deal then buy it- regardless about what time you may think it is.

Do a title search. In CT the Attys do the title searches. I’m not sure about your state. It’s part of the closing process.

I would like to be included as well!

Get your real estate license while you are building up your capital. Then you can work in the field and troll the MLS in your free time. You can maintain your primary job while you do this. It’s terrific experience- you can pair up with an agent etc.

Rent rolls, expenses and find out the age of all mechanicals/roof etc for cap ex repairs needed immediately or down the road.

I’m in CT and just bought a 4 family house that was operating as a 3 family. The owner had converted one of the floors (that had 2 units in it originally) into a single unit. It is still listed as a 4 family on the field card but the agent listed it as a 3 family and the appraiser also appraised it as a 3 family. I want to bring it back to a 4 family and Refi it. How much more value will adding a unit add to the house? I won’t be adding additional sq footage- so it would just be dividing up that one converted floor and bring it back to its original floor plan.

We don’t always have people who have our backs or support us. More time often than not, my friends have asked me “why are you buying another house?” Sigh... Do what you want and you know what that is- even if you don’t get the support initially. Sometimes it takes a while for people to get the big picture.

In CT as Realtors, we have to present ALL offers to the Seller regardless of amount. So there isn’t an “incentive” as it’s our duty.