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All Forum Posts by: Alina Vengerov

Alina Vengerov has started 3 posts and replied 19 times.

Post: Any recommendations on finding pre foreclosure properties

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4

@John Collins what a helpful and well-thought out response, thank you. It made me think about my own strengths and weaknesses and wonder how I can tailor my efforts to better match them. 

Post: Looking For FHA 203K Advice

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4

@Andrew Postell Hi Andrew, if I were purchasing a single family investment property (so I wouldn’t be living in it) do you think I would be better off using the Homestyle loan or getting a conventional loan and then also getting a construction loan from a local lender? Thanks in advance.

Post: 100k in the bank and 100K in debt

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4

In my opinion, paying off all your debt gives you options and freedom. Considering how you feel about your job, the less recurring expenses you have, the more opportunities you have to explore other avenues. Without debt, you can be in a position where you allow yourself to take a pay cut in exchange for a job you are passionate about, for example. Or if you do end up moving to Texas, without debt, you can take a little more time looking for a job that you like, knowing that your bills have decreased substantially (this is assuming you have an emergency fund, of course).

As far as what to do with your 401k once you leave your current job, just roll it into a Traditional IRA. Make sure you do it with the help of a customer service rep from the company that services your 401k, to avoid any potential mistakes that might trigger a taxable event. I avoid a self directed IRA simply for diversification purposes. I don't want all my investments to be in real estate, so I invest my 401k solely in stocks.

In any event, good for you for wanting to think this through and do your due diligence. 

Good Luck!

Post: My first Duplex- FHA House Hack Case Study with Tips

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4
@Jeff Brower this was fantastic, thank you for writing it! And congrats on your first foray into real estate!!

Post: Investing climate in Shirley, NY?

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4

@Francesca Baglio How did everything turn out with the 3/2? PM me if you don't mind sharing. My husband and I are also interested in the more affordable neighborhoods, like Shirley. Long Island is just so expensive overall!

Post: Anyone interested in a New York meet up?

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4

@Chris Grenzig Hi Chris, my husband and I are just starting out in real estate and live near Westbury. Can we join your meetup on 12/13? Would love to meet people who make investing work in this area. 

Post: Professional Mortgage Loans for Attorneys, Physician's, CPAs, etc

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4

Hello, I've recently come across a type of mortgage loan called a professional mortgage loan for attorneys, doctors, cpas, etc. As the name suggests, it targets first time home buyers in those particular fields who likely have high amounts of student debt with little cash savings, but good earning potential. The loans usually require very little to no money down, without any PMI, and are usually easier to qualify for. The reason being that, rather than considering the total amount of the debt, the loan provider would instead consider only the monthly payment amount.

Does anyone know of a bank that offers this? My husband and I are looking to buy a house hack as our first home, to help lower our housing expenses, so a multi is key. I know BBVA and Fairway does them but they don’t service NY. Flagstar bank has them in NY but only for SFRs. Or if you can point me in the direction of a great mortgage broker in the LI/NYC area that might have other creative options available, that would be much appreciated as well. Thank you!

Post: Professional Mortgages for CPAs, Attorneys, Doctors, Etc.

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4

Hi Ron, 

Thanks for asking this question and providing updates! Were you able to get a fixed rate?

Post: Professional Mortgage Loans for Attorneys

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4
@Andrew Postell thanks, I didn’t realize there was a NY forum. It’s a first time home buyer loan for attorneys who have high student debt and not a lot of ability to save for a downpayment but have high earning potential. A bank that gives the loan would overlook the total amount of student debt and instead focus on the monthly payment of that debt in assessing risk. It also offers low or no down payment and no PMI. My idea would be to use it to buy a house hack to lower my housing expenses while I live there in order to save up and start flipping properties.

Post: Networking and Deal Structure Presentation - Long Island NY

Alina VengerovPosted
  • New to Real Estate
  • Jericho, NY
  • Posts 20
  • Votes 4
@Josh E. Hi Josh, I would love to attend! When and where will it be held? Thanks, Alina