All Forum Posts by: Rashad Ellis

Hi. I'm in the market to purchase a fixer-upper. I'm vetting licensed, insured, 203k certified contractors. If you guaranter good, timely work and you can accompany me looking at properties to give honest, accurate estimates on the scope of work, I'd like to contact you.

"The foundation of good relationships are built from integrity."

@Teri Parker whatd the difference between tax deed and tax lien?

@Selena Williams

Greetings. Im also looking for a good deal to house hack in Brooklyn. But the new tenant laws in NY are discouraging me.

@Morris Cohen what part of Brooklyn is this in?

Sounds like you somehow avoided many nightmares especially for NYC.

No problems with the tenants? Did you rent out right away when they vacated?

@Jerry Padilla

Also the self sufficiency rule?

@Jerry Padilla

Hi Jerry. Can you ease explain about that portfolio product and conforming limits?

Ok so I got preapproved for a loan on Better.com

My question is can I shop with this basic preapproval letter? Will sellers accept it or should I get a verified letter? The difference is the "verified" entails a hard credit pull rather than a soft one, and also requires financial documents to be uploaded.

Hello folks. What are some good ways to generate leads for off market properties in the NYC/NJ tri state area? I know about driving for dollars and walking your target areas. But what are some other ways? Any online resources for this area? I know about ACRIS, but I'm not that savvy to know exactly what to look for on there? I'm in Brooklyn so my target areas are Brooklyn and Queens. I'm also interested in nearby south Jersey also(Elizabeth, Newark, Trenton, Linden,) and the Bronx.

@Blake Garcia

Great points @Blake Garcia

Hello all.

I'm a newbie from Brooklyn, NY. I havent gotten my feel wet yet . Thus far, my goal is 2-4 unit properties to house hack in the NY and also using the BRRR in NJ and possibly Maryland. Now I recently stumbled upon a 6 unit short sale listed for under 500k in NY. I have no experience but enough knowledge to feel comfortable with residential. Not so commercial property though. I'm asking for any advice or guidance on how to get started. How to analyze the deal, acquire financing (i think criteria for commercial lending is different from residential), and make an offer. Does it being a commercial property short sale make it any more complicated? Any referral of contractors/property mgmt, advice e how to estimate repair, ARV, etc. I have some good folks I may partner with if we can get close before it's gone. I have great credit and limited capital. Ideally, 6 units occupied will bring in more than enough bank to pay the mortgage.