All Forum Posts by: Shivam Patel

@Henry Ko

Hey man, I had the same issue in my boonton, nj property. I wanted to switch to HVAC. They quoted me 17k. My property manager advised against it. If you are paying utilities, radiator heating is actually more efficient. Also I found that the reason it costs a lot is because they have to tear up the drywall. If you really really want to do it. Wait until you have to do some reno where the wall is already open. Less charges, because with 17k, you can put down for another property. Not worth it man!

@Jake Handler Add me to the list as well! I'm right in Morristown!

That is incredible! I'm afraid to rehab my property in Boonton, NJ. I've never done a rehab before and also i feel like itll put me underwater if I don't plan properly, especially if just the permits alone cost like 5-10k. Thats amazing man! Good for you!

@Tim Hall

haha I felt the fear of god for a minute. yeah I do need to work on developing a solid team. Thanks Tim!

@David Lao

Ahh yes 75%* I forgot for non primary. Hmm learned something new about points. I don't fully understand the matrix that you're saying. Are basically saying like you can figure out the perfect points you should pay to get best interest from a spreadsheet matrix online?

@Lalit Khanna

Hey I was curious how do points work?

@Bonnie Low

I see what your getting at like if someone was trying to moving. I always wondered how people did that when they move to a different state for a job. I had a buddy who moved but I never understood how he did it or what the process was.

@David Lao

Wow you got an amazing rate! That's the lowest I've heard of so far, that's amazing. I'm curious, Why was it more advantageous for you do fha 82% LTV vs conventional 80%. Wouldn't your payment be significantly lower without MIP?

@Ryan Kelly I actually just had a discussion with @Zach, from above, today for an hour. Man, is that man knowledgeable. If your in Chicago and you need a lender, he's the guy. I learned more in an hour than the few months haha. One things for sure, not a lot of discussions out there about what mortgage fraud is, reverse mortgage fraud is, what boarder income is, etc. @Zach I really do appreciate you walking me through everything bud.

@Ted Rud

I would plan to live in the fourplex and househack again for sure.