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Updated over 4 years ago on . Most recent reply

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6
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Malcolm Stokes
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Votes |
6
Posts

is the Auctions back opening ?

Malcolm Stokes
Posted

I HAVE AN ISSUE  FAMILY

I WANT TO BUY A MULITI FAM TO BRR..

BUT MY MORTGAGE BROKER TRYING TO CONVINCE ME TO GET A TURNKEY MULITI FAM PROPERTY FROM A GUY HE KNOW THATS WELLING TO PAY THE CLOSING COSTAND I WOULD HAVE TO PUT DOWN MAYBE 3 %  OR 4% PLUS 

AS A BONUS  HE SAYS CAN GET MY PROPERTY IN THIS PROGRAM CALLED SOTA 

The SOTA program will pay one year of rent for eligible Department of Homeless Services (DHS) clients to move within New York City, to other New York State counties, or to another state, Puerto Rico, or Washington, D.C. SOTA can be accessed by households with recurring income from employment, Supplemental Security ...


I TOOK OUT A LOAN OF TOTAL 80K I FEEL LIKE WHAT MY MORTGAGE BROKER IS ADVISING ME SOUNDS GOOD BUT 

A PART OF ME IS SAYING I SHOULD GO TO THE AUCTION TO FIND A MUILTI FAM..AND ADD VAULE MY SELF

SOMETHING IS INSIDE OF ME KEEP ASKING ME IS THIS GUY TRYING TO TAKE ME FOR A RIDE BECAUSE HE KNOWS THIS MY 1ST TIME INVESTING IN REAL-ESTATE 

SO I COME HERE TO ASK THE BIGGER POCKET PEOPLE SHOULD I LISTEN TO MY MORTGAGE BROKER OF FOLLOW MY GUT?

P.S I CANT  BLOW THIS
 

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