All Forum Posts by: Vincent Ponte

@Brad Hammond hey dude thank you. My problem becomes debt to income on the eyes of the bank.... obviously at 800k plus for properties that debt to income does get eaten up quickly... any suggestions?

I am in the NY area buying multi family properties. Values being 800k plus how do keep obtaining properties with my regular job income of 150k a year? Will the bank keep lending to me based off of just my portfolio? If so which bank? Please help!!!!

@Patricia Steiner

The home owner is the problem, he wants to deliver with the tenant, which I believe is his gf, it’s the only way he will sell the 150-200k below value, so I want to swipe the property and send him away in cuffs after somehow

@Mark F.

Thanks mark much appreciated! I will safely do my part. It’s a great neighborhood getting rid of the small trash would be excellent.

@Michael Noto

Thanks Michael... the home owner has very odd request, in my eyes it’s to keep his crack den operational, but the hone is coming in 150k plus under appraisal and will make amazing money monthly if I can buy it and get them out afterwards.

@Steve Morris

Thanks Steve! The deals going to be super sweet but I don’t want it to be an impossible feat to fix after ownership.

@Bill O'Donnell

Thanks Bill! It’s such a score it’s hard to say pass.... I’ll keep you guys posted I go speak to the owner monday.

@Nathan Fisher

Thanks for your reply. The current landlord is the problem, also the house I will be getting for 150k less than value. What ya think?!!!? Hard to say no lol.

I am looking to buy a home that has tenants who are basically dealing drugs out of the home.... how do I handle this??? I didn’t buy the home yet but I want it.

When looking at foreclosure properties, in not so desirable areas, that need a good deal of renovation work is that bank more negotiable then not? And how low can they go?