All Forum Posts by: N/A N/A

The building and myself are already qualified. A good thing as the bldg. is providing an 11% cap. I've gotten a contact, (RE lawyer) which I'll be consulting today for some advice and see what he may recommend as far as state processes go. You bring some good points as far as what to watch for. I'll definitely ask about them. Appreciate the information and I'll keep you posted.

Anything helps. All is well. I'll keep you posted.

OK, but when do I actually go about it. Would it be before the closing and how would that affect obtaining the loan , which I'm approved for right now, personally. I can't imagine it being after then paying a transfer tax. I'm a little cold on the whole subject and would appreciate any advice. Ohh! I also have a 6 unit in NYC which is currently under my personal ownership. Maybe I can somehow get both under one corp or LLC.

Hey CVG, I'm a newbie here myself and trying to get some info on an approx. closing cost (entirely) for a 19 unit in Cinci. I can't imagine it being the same as NYC. I'd be purchasing for approx 570k with 20% down. any info would help as I like to get a handle on how much to refi on a current property.

I'm close to purchasing my second Multi-family unit in a different state. My 1st is a 6 unit in NYC my 2nd should be a 19 unit in Ohio. Just wondering when would be a good a good time to incorporate the property, if at all. Please let me know if I'm jumping too far ahead or if I should be starting immediately.

Hey everyone, new here on the block and in need of some info if available. I'm interested in buying a 19 family unit in Cincinnati. I'm currently living in NY and curious to what closing fees were like in Ohio. State mortgage tax rates, title bill/searches, title insurance, recording and notary fees,etc. I'm looking to purchase the unit for Approx. 565K. Any info would help here. I'm looking to Refi the current 6 fam unit in NYC for it and curious to how much I'd need out of it. As for me I'm currently just breaking into the field of Real estate. I've just aquired a 6 family unit from family in Queens NY. (not cheap) and have enough equity in it to start a venture off into a market where real estate is still affordable. Wifee is originally from Cincinnati and we both visit frequently for family. The market there is good and we're both familiar with the good and bad areas. Anyway great site and I hope to give and benefit as much as I can from and to it.