All Forum Posts by: Marc Cesar

Hey guys I wanted to know if there are mortgage companies out there that will fund rental properties (vacant or occupied) to investors with bad credit. If so who are they? What may be the set backs dealing with such companies. 

Thanks @Matt. I've definitely seen around the 19th ward and that would be my main focus. I believe for starters I would tackle c class areas. Aside for the 19th ward , what other areas would be best to target as a beginner?

@brian don't really want to tackle fix and flipping at the moment not really a strategy that I feel would help me build wealth. Im not looking to build piles of cash but instead streams of income.

My question based on your thought process would be wouldn't I take on more risk of the sfr doesn't for let a say 3-6mths? I'd rather spread that risk as to where If I have a a multi, one unit could be rented and covereing for the other unit should it be vacant. (Just my thought process but all ears to a different view)

awesome @Redgy Saint-Germain I'll start reading up and learning more about that loan. Thanks for insight

@Redgy Saint-Germain thats one option but I wouldn't do that in Rochester as thats not my preferred place to live especially with a family. Strictly looking to own rentals out there for the cashflow.

hey @Brian Adzadi not sure what details are missing but as mentioned in the post i'd be leveraging 40-50k to acquire something (Can be sfr or a multi), but I'd focus more on multis to spread my risk across the board. Distance isn't an issue as I live a 45min plane ride away from Rochester so the back and forth isn't a big deal to me. My initial question is how to best use that money to buy something and start building from the 1st purchase. thanks for any insight you can share!

hey there BP. Im currently looking to transition into buying and holding and looking to acquire my 1st asset to start building my portfolio in this coming year. I currently have a access to a 40-50k loan from a family member and want to leverage that money to buy a property in the Rochester market (preferably). I Would love to gain some insight on how to properly and effectively leverage this loan to successfully buy and close on my 1st rental property in this coming year. For those who are familiar with the Rochester NY market, where would you say is a good area to buy, what do you look for when buying, etc. For those in other markets, what makes your market standout and what did you do to capitalize in your designated market. I appreciate all the insight which will lead me to this process.

hey there BP. Im currently looking to transition into buying and holding and looking to acquire my 1st asset to start building my portfolio in this coming year. I currently have a access to a 40-50k loan from a family member and want to leverage that money to buy a property in the Rochester market (preferably). I Would love to gain some insight on how to properly and effectively leverage this loan to successfully buy and close on my 1st rental property in this coming year. For those who are familiar with the Rochester NY market, where would you say is a good area to buy, what do you look for when buying, etc. For those in other markets, what makes your market standout and what did you do to capitalize in your designated market. I appreciate all the insight which will lead me to this process.

Hey guys, I needed some sound insight on a deal I would like to acquire in the Philly area. I primarily wanted to wholesale this deal which is a 3 story house needing repairs, but the seller owed 25k in liens (water, taxes, etc) and she owed on her mortgage. We tried to do a short sale with the bank and get an approval for 30k but the bank declined because they valued the house at 105k. The bank is asking the seller to get a loan mod so she can continue owning the property. This house is in a great rental area and I would be willing to offer around 60k and put in about 30-40k in repairs to get it rent ready. What would be my best approach to acquire this house at my price with the mortgage on it?

ok tried opening the link yesterday but nothing came up. Let me know if it falls through or if you have anything else of interest.