All Forum Posts by: Scott Wolf
Scott Wolf has started 43 posts and replied 1796 times.
Post: I need Lending help
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
@Philip M., I may have some LO's that can help you out. Feel free to shoot me an email so we can chat about what you're looking to do.
Post: Looking to refinance Coop in NYC
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
@Abhishek Reddy, you can send me an email or DM. I have lots of Loan Officers I can introduce you to.
Post: New York City or South Florida?
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
Originally posted by @Mendel Spalter:
@Alexander Szikla
I'm not personally buying right now; I'm broke. I'm bringing deals to flippers.
But, in regards to the cap rate in Manhattan, I came across a deal in East Harlem that was 8-8.5% NOI, plus 10,000 more SQFT buildable. Are you buying in East Harlem?
If that's a true cap rate, send it over to me. I'd take a look at it.
Post: NY title search
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
hi @Leo Azizian, are you looking for search work?
Post: House Hacking in Hudson Valley
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
Originally posted by @Zachary O'Hara:
@Nanyarid Gonzalez Hey Nanyarid, I’m currently kinda in the same predicament. Have you had any luck looking for properties in the city that you can do a house hack?
If you both want to email me, I'm looking to sell my property in Hyde Park (not through a broker) it's 3 SFH on two lots. Looking for $325K and rents $3,000 per month. My email is in my signature.
Post: Ready for my 1st house flip / or Rental property
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
@Chris Castillo, what @Abel Curiel said is 100% right. There are tons of loans out there made to help you.
@Matthew Porcaro is a 203K specialist. If you need a loan officer recommendation, feel free to reach out.
Post: Question Regarding Legitimacy of Lender
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
@Andrei Wogen, a 1% application fee seems high, and ridiculous.
To piggyback off of @Kyle J., a firm offering over $100MM in loans would probably know how to spell million correctly, and would not offer $20K loans.
Post: Lending for a First Live in Home with Large Renovations Needed
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
@Stanley Tong, you may want to also take a look at the 203K loan. @Matthew Porcaro is an expert on this.
Post: Off market deal needing creative financing/Subject To Deal
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
Originally posted by @Ryan Dyess:
@Scott Wolf In Virginia. What role would the attorney be able to play? Would he draft the paperwork needed and the transfer of title to where I would just need a title company to handle the title check and closing? Thank you for your reply
Virginia is an attorney-state, so they're usually involved in RE transactions. They would draft all the paperwork for you and deal with the title company. Where in VA is the property, I may be able to recommend an attorney.
Post: Off market deal needing creative financing/Subject To Deal
- Lender
- Boca Raton, FL
- Posts 1,916
- Votes 932
@Ryan Dyess, where is the deal? I think retaining an attorney may be a big help in this instance.