All Forum Posts by: Stephen Renehan

Unless I am terribly mistaken, I believe Bill E is correct and you can only have one FHA loan outstanding at any time. However, there are other low money down programs available. I believe I purchased my duplex with 5% down. As noted above, speak to various lenders (banks, credit unions, mortgage brokers , et al...)

While I do not focus on flipping houses, I’m always interested in learning more.

Thank you!

Stephen

Just registered!  Looking forward to seeing then. :)

If you have access to the MLS, I'm sure you may be able to parlay that access into partnering with an investor. Just my first blush impressions.

Stephen

@Luis Monroy

I live in Providence, too -about a stone's throw from PC.  Like Anthony and Jim, I am also a member of the RI Real Estate Investors Group and hope to see you soon!

Stephen

Any opportunity to join this group?  I missed this earlier email.

Thanks!

Stephen

Hey, 

@Anthony Thompson, I don't know how I missed your post from the other day, but does this make you the Most Interesting Real Estate Investor in the World...or at least the RIREIG?? :)

@Dolores Waldron, The neighborhood varies widely from street to street.  I personally do not rent to college students as I went to the college and understand college partying.  I personally self manage the property as it is owner occupied.  Another reason I do not rent to students is the potential amount of damage and maintenance required.  So far, my tenants have not caused significant damage...but there may be other landlords in the area who have different results.  I suppose its personal preference because the cash flow from student rentals can be significant.

If you have any questions on specific streets, please don't hesitate to send me a message!

Stephen

I live in the Elmhurst neighborhood, virtually a 2 minute walk from PC.  Let me know if I can answer any questions on the area for you.

Stephen

If you have the umbrella insurance in your name, it also has another benefit. If you happen to get into an automobile accident which exceeds your liability limits, the umbrella policy will kick in. The property in an LLC will not provide the excess liability coverage to protect your other assets.