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All Forum Posts by: Antonio Marte

Antonio Marte has started 5 posts and replied 53 times.

Post: Feel like vomiting!! Begin our business venture tomorrow!!!

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20

My wife (business partner) and I are headed to DFW Texas to look at SFR's tomorrow.We are New Yorkers looking for an ideal buy and hold property. Very nervous!! Just wanted to know of any mistakes you guys might have made when shopping around for your first investment property. Any help would be greatly appreciated!

Post: thank you BP...first property under contract!

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20

congrats!!! Best of luck to you and your wife! 

Post: Hi y'all! Novice Buy and Hold Investor in DFW

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20

What towns are your properties in DFW if you don't mind me asking and how good is their cashflow? Im headed to DFW from ny this week going to scope out a few SFRs with my wife (also my business partner). Good luck to you and your husband.

Post: Fresh Investor from Brooklyn, NY

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20

I'm looking in Dallas and Tarrant county. Never been to Texas so I'm a bit nervous. Lol first time buyer

Post: Favorite quotes?

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20

"Successful people march toward the blazing guns."  Ben Leybovich podcast 14 bigger pockets 

Post: Fresh Investor from Brooklyn, NY

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20

I'm from queens, I'm actually headed out to Texas this week to look out there. Good luck.

Post: average apr on rental properties

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20
Originally posted by @Kelly N.:

The loan we just locked in is 4.875%, this is a 30 yr fixed, we have great credit and are putting 25% down since it is a multifamily.  When we bought properties 2 years ago we got 4.325 and 4.5%, also 25% down and multi family loans.  At that time I was told we would pay .5% more than if we were purchasing a home to live in.

You can lower the interest rate by "buying points".

So rule of thumb is kind of .5% additional. Great info Kelly! thank you

Post: average apr on rental properties

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20
Originally posted by @Greg Baker:

Similar credit scores here, 49k rental home, conventional loan, 5.25% which we bought down to I think 4.75% for a few hundred dollars.

 Thank you Greg. Do you know what that process is called in order to lower the apr? and how soon after your closing were you able to do this? thank again

Post: average apr on rental properties

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20

Good Evening all,

My wife and i are looking at rental SF properties in tarrant/dallas tx. Just wanted to see what the average APRs everyone is getting out there. We are ideal borrowers, very good credit +740, 20% down, cash reserves for monthly payments etc. Ive been shopping around and the best i got so far was mid 4s and then other lenders are telling me low 5s. What are you guys paying on your rental properties? Any advice would be appreciated as well. Thanks in advance.

Post: finding a contractor?

Antonio MartePosted
  • Contractor
  • Rego Park, NY
  • Posts 53
  • Votes 20

If you have any hvac related questions I would be more then happy to help as best I can. I'm in NYC though. Good luck with your plans!