All Forum Posts by: Andrew Miskovich

Planning ahead with a fixer up condo. Several units in my complex are using "Turbo Tenant " for advertising and screening. Would like some BP community comments and Pro/Con assessment of this service. It's advertised as free (for now). Andrew M SE Virginia

Luka, Thanks for your feedback. I'm still thinking about going through with the deal.....I suppose in the future my only buyers will be owner occupant or I will need to be the bank to another investor. AM

Found a good deal on a fixer upper condo $49K -10K in repairs with with ARV of $105K. Thought was to pay cash then refi.....my credit union at first was good but the minimum size loan they would do was $50K (why?) The second issue came the next day...they were happy to help me with an 80% LTV after I fixed the place up; however not on this condo. The issue was Fannie Mae ineligibility for financing....what the heck. I thought America has property rights..... My reading led me to two typical issues that cause ineligibility : own occupied ratio compared to renters and HOA failed to file adequacy documentation. Ok how do I get through this.....any comments Andrew SE Virginia

Dimitar

I have lived in the tidewater area 5 years, three in Williamsburg.  Here is a realtor that I have personally used for a retail purchase and now am actively engaged to help me find portfolio properties--ERIC THOMPSON has extensive RE experience and knows the entire area very well. 

Now the not so great news....not much in the way of multi family in the immediate area plus Wlmbg area is a bit on the expensive site.   I did see one come open but that is rare.  Comps not quite good enough for a pure investment but if you are living in half might be close enough.

111 parchment Blvd.   York county 

Re investing is a team sport...so if you need any other questions answered from a fellow investor. 

Best regards 

Andrew