All Forum Posts by: Monique Bowie

Hi Vince- So nice to see how friendly and helpful people are. The property is a turn key. 10 year warranty on everything. Recently renovated on the inside, but needs work on the outside. Work on the outside to be done by seller. I don't need any of the funds to finance my lifestyle. I planned on putting half the cash flow in an account for repairs and maintenance and the other half on the back end of the mortgage. Is that a sound plan? I'm hungry to close and then wondering how to strategize to get number 2 and 3. I'd like to do this full time

Newbie. Scared out of my pants. About to close on FHA 4 unit home. 4.25 interest rate on 450,000K. C-Class neighborhood. 5 minute walking to NJ transit. 20-25 minute ride to Penn Station. Currently has 3 tenants with rents totaling $4300. When I vacate the other unit it will easily go for $1100. Anyone have knowledge of Elizabeth? What do others think of the deal. I'm ready I just need to hear some outside thoughts before I head to closing. Thanks to all!