All Forum Posts by: Apostolos Karnavas

Hello All,

I am currently house hacking a triplex. Do I invite the tenants/neighbors to my Greek Easter party this Sunday?

No thank you, thanks for the advice! @Scott Wolf @Nathan Grabau

@Scott Wolf what is the name/names of the 5-10% loan that you speak of? I'm not familiar

Or is it still a 203K loan but instead of 3.5% down I would put 5-10% down?

@Nathan Grabau Closing is in three weeks. I am using a 203K loan. Purchase price $250,000 and Renovation costs of approximately $50,000 includes Foundation repair and roof replacement. 

It's a total of (3)-3 bedroom units that I believe I could get $1300-$1600 in rent. The property is in livable condition 

@Scott Wolf It will be my primary residence.

If I am buying a home and my lending falls through because the property doesn't meet the front-end ratio rule what are my options for obtaining alternate funding and ensure I will close on the same date?

Hi Rick,

I believe it will come back.

Look into:

-ISLAND waterpark by Philadelphia developer Bart Blatstein

-The Orange Loop

-Opportunity Zones

I am a Real Estate Investor from South Jersey looking to network with wholesalers who can/have found properties in Ventnor City and Atlantic City. I would like to be added to any email lists or text lists in regards to these markets.  

How did you find this deal?

@Vincent Morales

Thanks for the advice, very helpful. I live in NJ

I am a college student working part time, seeking to obtain a mortgage preapproval for a home. I plan to purchase the home through an FHA loan. Should I talk to a preferred lender, mortgage broker or bank? Any recommendations?