All Forum Posts by: Michael DiNuzzo

Hey all!

I am in the process of starting my real estate journey and need some guidance on primary and investment properties. I am currently looking to purchase a primary residence all while also trying to secure an investment property in an out-of-state market soon after (now to 6 months).

-What are some things I should consider?

-How soon after buying my primary residence can I purchase another for investment?

-How will obtaining a primary mortgage affect my second mortgage on the investment property? (buying both with traditional loans is what I intend to do, cash for a downpayment will be accounted for)

-Will the primary residence purchase affect my credit and possible pre-qual for the second home?

-Should and or could I purchase the investment property in an LLC with a partner, if so does that change anything?

-After purchasing the primary what should be my next step in terms of confirming financing etc?

THANK You in ADAVANCE! hope 2021 is off to a GREAT START!

Mike 

This is all great insight! appreciate it all, what I have gathered is that you just need to truly commit, decide on the investment, commit to your baseline metrics, find the market, find the team, start the offers!

Thank you all!

Hi All!

I am at the early stages of my investing career and was hoping to gain some insight here from my fellow like minded peers. I am based in NY but looking to invest in long term rentals in other states. Would love to gain some of your insight and or thoughts on the below.

- 2021 multi family projections and market over all 

- 2021 up and coming markets (states/cities)

- Insight on the governments forbearances and moratoriums..more importantly their potential impact 

- In terms of acquiring property, should we capitalize on the low rates or wait for the supposed "crash"?

- Baseline stats/data you look for in a multifamily investment (% of cash flow, Cap rate, demographics, etc)

- Advice for buying out of state and best practices

- Best advice for pulling the trigger on that first investment!

I appreciate all the insight and would open the opportunity to chat on the matter with all! 

Best, 

Mike