All Forum Posts by: Symone Gordon

@Timothy Hero Sounds beneficial - Do I need to meet certain requirements for that particular loan?

@Mark J. I would love to connect with you! I hear quite a bit about purchasing without using personal money but I never seen anyone break it down in detail. I live in St. Pete and just purchased a duplex in Port Charlotte but I used my own money. I'd love to connect and know more about how you do it as my goal is to purchase about 7 more properties.

I currently own a duplex under an FHA loan (purchased Jan 2021) - I want to refinance as well as purchase another multi-family home. I'm wondering which is more beneficial: Refinancing using an FHA streamline loan for a lower interest rate or conventional to get rid of the PMI? I purchased at $250K with 3.75% rate and $10K DPA (If I refinance within 5 years DPA at time of refinance due in full). Property currently worth $295K.

@Diana Muresan You seem like the perfect person to ask the following: I currently own a duplex under an FHA loan (purchased Jan 2021) - I want to refinance as well as purchase another multi-family home. I'm wondering which is more beneficial: Refinancing using an FHA streamline loan for a lower interest rate or conventional to get rid of the PMI? I purchased at $250K with 3.75% rate and $10K DPA (If I refinance within 5 years DPA at time of refinance due in full). Property currently worth $295K.

No disrespect but dude, you're definitely the GOAT. I read one of your replies to someone else's inquiry and visited your page directly after. Your threads are a wealth of information - I learned more here in 10 minutes then Google in an hour ahah!

I have a question: A portfolio loan is based on the income of the property rather than that of the borrower - I assume the requirements would then be different for a portfolio loan? More money down? Etc?

Buckle your seatbelts - I'm a newbie with a lot of questions :)

I just purchased my first property in January - A duplex. I purchased it using an FHA loan with tenants already in place. I'm ready to refinance it for a lower interest rate but I'm also ready to purchase another multi-family property. My duplex has gained about $50K in equity and I'm wondering if I should use that equity towards purchasing another property? Or should I use a DPA program to offset closing cost? If using equity, what is the best way to do it?

Also wondering if I should throw this sucker into an LLC or take advantage of homestead benefits first of the year? Any recommendations for a good tax consultant who specializes in real estate would be awesome.

My goal is to own 6-8 multi family homes - I'd love any advice on the most efficient way to do it.

Thank you!

Hi All! I'd love to join the virtual meet ups. Just purchased my first property (duplex) in Florida and am looking to purchase in property in Gainesville.

Hi, I'm Symone. I'm new to both BiggerPockets and Real Estate Investing. I purchased my first investment in January (a duplex) and looking to expand. I've done some research and Gainsville seems to be a good area for SFH properties. If their are any virtual meetings I could join or suggestions anyone has, I'd appreciate the value. Also in the market for a good financial advisor. Thank you :)