All Forum Posts by: Anthony Marin

@Account Closed

I'm of the opinion that we will have a decline in the real estate market sometime next year but that doesn't mean anything unless you are investing nationwide.  In my local market of Newark NJ, I'm convinced it will not go down as much as other markets as Newark is receiving such a tail wind from the investors leaving NY that even if there was a decline in the market it would be a great opportunity to buy.  Know your market and you'll be fine!!

@Richard S Myers

How to finance depends on your situation as there are many different ways. If you work at a job and have W2 income,I would suggest using an FHA loan, if you want less leverage you can conventional 20% down financing. If FHA is not available to you and you don't have 20% then a Hard Money loan is another good option but since this is your first one I would suggest you get a property with a light rehab because Hard Money is not forgiving if you encounter issues.

@Samantha Han

Yes you can do this and if you have W2 income it’s the beat way to get started.

@Mike D'Arrigo

We've done refinances in LLC's mostly with local banks and credit unions. I've used SB One bank, Vally Bank and I just refinanced a 2 and 3 family this year with Statebridge.

Having a broker that has these relationships on your team is priceless.

@Mindy Jensen

- Soccer games with my little girls 

- Watching as many Yankees and 49er (BTW I hate the Chiefs or more specifically Patrick        Mahomes) games

- Fantasy Football and Baseball 

-Eating at the AMAZING restaurants in the Ironbound section of Newark, NJ

@Mike D'Arrigo @Haishan Peiris

Mike, can you please elaborate on why he won't be able to refinance in an LLC? We've refinanced numerous properties in LLC's. I've encountered banks and brokers that told us it isn't possible but that was my que to find another bank or broker.

@Haishan Peiris

I bought my first property (turn key 3 family) in my name using an FHA loan and lived there. It was a spring board to my investing career. If your ready for a rehab get a FHA 203K loan in your name and get funds to buy and rehab the property. This is what I tell all investors looking to get started in Real Estate. Good Luck and just be careful buying right now.

@Scott Lennon

I think rentals will always matter but I do think the old saying location, location, location matters so much more now than ever. Most of my portfolio is B & C class properties in B & C areas. This pandemic has disproportionately affected lower income areas and I think it will take a while before these individuals get back on their feet. We are taking advantage of the hot market to sell our properties in C areas and will be looking to only add properties in A & B areas.

Good luck to you and everyone who is struggling. Hope you make it through because the investors that make it through this will have built the scar tissue to make it through anything.

@Brian Hood

Infinite returns or ANY returns that are significant are going to take time. There is NO such thing as a truly passive investment. Time on the front end is the cost of entry in BRRRR and RE. After a little while you build a great team which includes an attorney, banker, mortgage broker, contractor and property manager. Once that team is in place you get your time back but not all your time. You still have to manage the team. No one is going to look out for your money like you will.

@Andrew Malina

Hi Andrew, did you ever wind up getting an investment in Newark? I own a real estate company in Newark that focuses on investors and property management. If I can help in any way please feel free to reach out.