All Forum Posts by: Matt B.

@Angela Jossy   BOAT = Bust Out Another Thousand.

I tend to lean towards a RE attorney but I'm kind of bias since my wife is a RE attorney. They have different views and area of expertise. I would use an agent when I'm looking in a new area or want some area/market insights but unless you hire a buyers agent, the agent works for the seller, at least that's how it is in NYC. A RE attorney can tell you about recent sales they have done, a good RE attorney can tell you about trends and help with any and all legal aspects of RE transactions. Where I am in NYC, I tend to lean more with attorneys than RE agents. The market is flooded with RE agents but not so much with RE attorneys. It's almost guaranteed that any RE attorney sat at more closing tables than any RE agent because there are far less RE attorneys than RE agents. 

@Account Closed LOL!

Inspections are worth their weight in gold. Unless you have the skill set to skip it, i would say to always get an inspection. 

how many acres and how much per acre?

its considered fraud because investment properties typically get charged higher interest rates. so if you got 4% on an owner occupied unit, that same property may be charged 4.5% or 5% as an investment property. Not to mention the bank has a stake in that property so if you deceive them with your intentions I'm sure they can seek some sort of recourse. 

I have and use Google voice. it has no impact to your phone bill. they give you a separate phone number that is forwarded to your existing phone. you can set up a separate voice mail if you'd like. you can also set times for the phone to ring meaning that if someone calls your Google voice number at 2am, you can have it go right to voicemail. hope that helps. btw it's also 100% free.

@Dan Turkel I would recommend you house hack and then rent out the entire property when you move. This is NYC, there are hundreds of property management companies who can handle your rental when you move away, you will simply have to manage the manager. Alternatively, you can have another member of BP help you out who has experience managing properties when you move out of the state.

I'm happy with picking up a check each month. I call my tenant and they put the check in a locking mailbox. Get in my car, take a picture of the check via mobile deposit and were done here.  

glad to see it worked out.