All Forum Posts by: Austin Woyshnar

I just attended the auction in my area for the first time. I couldn't tell if it was normal or not, but it appeared that the properties were selling for basically double compared to the results of the years past. 

Have you guys found a better method to find off market deals? 

Hey everyone,

I’m looking to connect with a wholesaler in Pennsylvania to talk about the regulations behind it. I’m wondering what kind of license if any is required. Anyone that can help?

Bonus points if you’re a wholesaler in NEPA.

Christopher (and anyone else interested) check out the link below to stay up to date for the local meetups in Scranton
https://www.meetup.com/scranto...

@Que Tran Hey Que - please let me know if there is a meet up. I know a couple of people that would be interested in coming

Does anyone know about any local meetups in the Scranton area? If so please shoot me a DM with the information.

If there isn't anything set up yet, anyone interested in starting one?

Hey everyone, 

Born and raised in Scranton so it's awesome to see all of the interest in the area. I just bought my first house hack in West Scranton which has been an awesome neighborhood so far.  If anyone has any questions about the area shoot me a message. Looking forward to hearing from you all!

@Dominic Marshall Hey Dominic - just to share something I have learned in the past month trying to get an FHA loan. The process is kind of a pain, they will ask you for a bunch of very specific information, and you will most likely go back and forth with the bank for a couple of days.

Not sure if it will be the same for you, but I was told it will take 45-60 to close on a FHA loan just because of the current climate.

If you go with a single family, you should be able to go conventional with 3% down. This would allow you to purchase a property that might need some work (this is currently what I am looking to do.) If you find a multi-family, you have the option to go conventional at 15% down. If this seems like too much, you should also consider using seller assistance in the deal. The way I see it you are taking out a loan at a mortgage interest rate if you decide to use seller assistance. If you have any further questions shoot me a DM, I’d be glad to help as much as I can.

@Lizbeth Vaquero Hey Lizbeth! I'm in the process right now of getting an FHA loan on a duplex in the Scranton area as well. I can keep you updated on how it goes, I'm waiting to hear when my appraisal is. The duplex is in pretty decent shape. I plan on replacing a couple of broken window before the appraisal, but the roof on the detached garage needs to be replaced (couple of little holes/leakage). I'm trying to get estimates on the cost to replace it, but do you think it will effect the appraisal since it is detached?

@Kelly Claiborne my problem right now is definitely the money side of it. I know the house I have is a good deal, and the numbers work out really well on it. I just need money for the closing costs. How did you overcome?

Hey everyone,

Does anyone have experience using an FHA loan on a duplex? I am in the process of obtaining my first house and I ran into a problem. The house is in pretty good condition and I think I would be approved for the FHA after I added a couple of railings and fixed a window. However the roof on the detached garage in the back was recommended to be replaced during the inspection.

I know the process for the FHA loan is a pain, but right now it's the only option because the down payment jumps up to 15% for a duplex on a conventional. The house is a homerun based on the numbers so I am trying to make it work.

Does anyone have any information on using an FHA loan for a duplex? I thought I heard once that as long as one side of the house is in livable condition I would be ok, but I am not sure if the garage would be included in this. Any information helps!