All Forum Posts by: Luis Capriles

I bought mine not even a year ago there is deal everywhere n the north shore area . My rent are really low so is possible that the new owner could be cash flowing same or more.

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Christopher DeFronzo I have a 2 1/2 family for sale n Lynn 01904 I haven't put it n the market yet . But I have a 1100 cash flow

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Hi I would like to learn about residential electricity . Any books you could recommend me by the way I know nothing just want to start doing small things Thank you

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Originally posted by @Anthony Thompson:

Lusi, yes, welcome to BP!

When you say connect with buy and hold investors in RI, do you have questions you'd like to ask?

everything about the market vacancy rate , rent range , any fun stories ? I own two properties in the north shore area but now the prices are crazy that's why I'm looking central falls Pawtucket area providence . I'm a cash flow investor. Any thoughts ? Also any financing options I cannot afford to do 25% down at this particular time but def would consider something lower.

Thank you

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Originally posted by @Upen Patel:

@Luis Capriles If you are looking to buy a multi-family as an investment then you will need 25% down. You might get a 20% down option depending on the property type, prince. But 5% down for an investment property is not going to happen.

Upen Patel, Mortgage Banker

Federal NMLS# 1374243

Ok thank you sr

I really appreciate you help

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Originally posted by @Upen Patel:

@Luis Capriles You can get a multi-family (1-4 unit) with just 3.5% down using the FHA loan, as long as you are going to owner occupy it for at least 1 year. You can also get a conventional loan but it will need a higher down payment given its multi-family.

If you are looking at 5+ unit property, then you need to look for a commercial loan.

Upen Patel, Mortgage Banker

Federal NMLS# 1374243

I already have a fha loan. I might have to do conventional . Is conv 5% down right ? or because I'm

Going to be investing n another state they will require more than the 5 %.

I want to know because I don't have a big budget to invest l.

Thank you

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Hi all newbie over here I own a multifamily n mass I want to buy a multi n Rhode Island can I buy with a 5 % down and go conventional ? What are my financing options? Thank you

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All Forum Posts by: Luis Capriles

Luis Capriles has started 17 posts and replied 64 times.

Post: If you ever have questions about paint...I'm your guy!

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Post: MA Real Estate Salesperson Exam complete Picking Firm question

Post: New to BP!

Post: New to BP!

Post: Ask me your electrical questions!

Post: Providence investor

Post: Financing options

Post: Financing options

Post: Financing options