All Forum Posts by: Michael Barbari

@Jonathan Fischer Both are good. It all depends on what you are comfortable with. For a first time homebuyer you have the opportunity to put 3% down on a duplex.

@Jonathan Fischer I would do a buy and hold. Do you currently own or rent your primary residence? If you rent, you can live in one unit and rent out the other freeing up your cashflow to save and purchase more. Good luck!

@Nick Versetto 

Don't forget to put @myname then click my name at the bottom of the text box so whoever you are replying to knows you replied.

@Nick Versetto 

I decided not to buy the lot. I can buy a bigger house for the amount I would spent building.

@Steve Buchanan 

Can you do loans outside NY? I can refer you the ones outside my footprint if you. Thanks.

@Mark F. I might refi cash out for the 20 yr fixed since the rates are so low then get a heloc for 90% LTV from my bank. Thanks for your insight.

@Peter MacKercher I can only lend in IL, IN, and WI in counties that touch the IL border. 

@Peter MacKercher 

I can do helocs for investment properties 75% LTV as long as they are held personally and not in an LLC or Corp.

@Jeff S. 

Sent you a pm. I might be able to help.

@Mark F. 

I am using the money to put as a down payment for my personal home purchase.