All Forum Posts by: Mark Bookhagen
Mark Bookhagen has started 19 posts and replied 362 times.
Post: Investing in Duplex with 2 friends
- Buffalo, NY
- Posts 371
- Votes 146
Transfer the property to an LLC* and have the operating agreement spell out the details. Lawyer recommend.
*Due on sale risk
Post: Advice for first rental property
- Buffalo, NY
- Posts 371
- Votes 146
Be patient for the right tenant. They will either make your life easy or hell.
Post: Any rental portfolio lender in Buffalo, NY
- Buffalo, NY
- Posts 371
- Votes 146
M & T Bank does portfolio loans. Peter Sugg https://www.mtb.com/mortgages-loans/mortgages/find-mortgage-loan-officer/peter-sugg
Post: Help How to qualify for Multiple Mortgages to buy Income property
- Buffalo, NY
- Posts 371
- Votes 146
Once you are a landlord for 2+ years, you can use that income when determining DTI.
Post: 20 year old looking to get started
- Buffalo, NY
- Posts 371
- Votes 146
You're off to a great start buying a home at 20 years old. I'd suggest cutting your expenses as much as possible so you can save up a down payment for your next purchase. Evaluate purchases on a case by case basis (i.e. Do I NEED this?).
Post: Selling probate properties
- Buffalo, NY
- Posts 371
- Votes 146
https://amazingprospectingletters.com/probate-prospecting-letter-to-executor
Post: Closed on first investment today!
- Buffalo, NY
- Posts 371
- Votes 146
Congratulations!
Post: Send direct mail to buisness owner or find owner name??
- Buffalo, NY
- Posts 371
- Votes 146
Find the owner's address, mail them, find their phone number, and call them to follow up on your letter.
Post: Financing Options for Residential Multifamily Properties
- Buffalo, NY
- Posts 371
- Votes 146
No need to reinvent the wheel (assuming you qualify for a standard convention loan). Or if you don't currently have one, you can even do FHA.
Post: Best website to find comps for my property ?
- Buffalo, NY
- Posts 371
- Votes 146
Realtor.com and Zillow are fine.