All Forum Posts by: Tenzin Yangzom

Thanks everyone in advance for your advice. I have two property here in Suffolk co ny. I paid cash for those property and now I am looking to get my third property and I am trying to figure out if I should take money out of one house or do cross collateral. I would like to get 100% financing if I can.. I am not working currently.. Thanks again.

Do I have to be a premium member of BP for that features ?

Thank you Steve, High ranch is two story with accessories apartment downstairs. First 6 years in America, I worked 6-7 days. 12-13 shifts in a restaurant in Manhattan downtown and saved every penny. Now I have a baby just turn 1 year old and going to work as a real estate broker next month. I want to buy and hold as many house as I can. Thank u again Steve.

Thank you Val. I am going to call few bank first thing in the morning. I've already talked to few banks before but they said I need to show two years tax return on the investment property or W2

Thank u everyone for the response and your advice. As u all know I bought a high ranch on 2012 with cash. November of this year I bought another high ranch with cash, did new kitchen bath floor and walls, I have a tenant waiting to move in on January. They are going move with their mom downstairs to help watch their kids. I am getting rent 2600 plus utility. I paid 135K for the house and 30K for rehab. Well I want to buy another house but I can't afford to buy another house cash, so what's the best way to get another rental house. Thank u again in advanced,

Hello, I have just closed on a house here in Shirley and my tax is 11,000. I bought the house for 135k full cash offer, put new kitchen bathroom and Sheetrock. We have a tenant waiting to move in on January for 2500 plus utility a month. Also own another high ranch house where we live upstairs and rent downstairs for1150 plus utility and our tax here is 11,600. It's been going up since we bought the house on 2012.

Hello Amanda, I am also looking to invest in the area but the taxes are so high that it don't make sense unless there is an legal apartment with the house..

Thank you everyone for advise, I am looking to buy more houses not wanting to sell the existing one.. It has legal apartment downstairs. I will look into RMLO thank you again everyone for your valuable time and advice.

Hello everyone, my name is Tenzin I have a high ranch house in Suffolk co NY without any mortgage.. I am a stay home mother and my husband has started a new company beginning of this year, he is very busy and doing great but we are unable to get conventional mortgage. What is the best way to get a mortgage we can put down upto 40% down for a 300,000 house. Thanks