All Forum Posts by: David H.

Hi James. Are you dead set on living/investing in a City of Buffalo neighborhood or are you considering the suburbs of Buffalo? I am new to REI and I am focusing more on towns/cities north of Buffalo up in Niagara County.

... are there any property managers anyone would recommend in Niagara Falls, Buffalo, or Western NY in general?

Thanks.

Hi Everyone,

I am looking to invest in Lockport, but I do not want to manage the properties in the city.  Can anyone refer a trustworthy property manager in Lockport?

Thanks,

David

Welcome to BP Garrett.  Make your luck.

Hi Kristian,

I am also in IT working in the Buffalo area.  I am looking to purchase my 2nd property in the coming months.  When do you plan on moving to the states?

David

Hi James,  I am at the same point in my process... I have one rental and I am looking to purchase my second one soon!  Make your luck James!

Welcome Tim, I grew up right down the road in Ransomville, NY.  

Thanks Michael and Sam for the responses!

I asked about the FHA because I thought I heard you could have more than one on the BP podcasts, but I must have been wrong. I also looked it up and found that you can only have one, but I wanted to double check. Great idea with my wife having the second FHA loan, I will look into that!

Hi Everyone,

I am new to the BP community.  I am a computer programmer by day, with a wife and 2 kids.

I am currently in a buy and hold condo that is cash flow positive along with our primary residence that has an in-law apartment that is cash flow neutral (family member).

I am looking to expand my real estate investments in Niagara County, NY.  I am in the research/education phase and trying not to make a move until I have a smart educated move.  I have found a condo that is cash flow positive, but I am leaning towards investing in a multi-unit (2-3 units).  My goal is to have 10 units in the next 10 years.

For education I am reading books, blogs, articles, and listening to BP podcasts.  I have a good friend that has 9 units total that we work together to check over each other's deals.

I do have a question about using my current HELOC to purchase my next deal. 1. Should I use all of it and then have no closing costs? 2. Should I use a Home Equity Loan instead of the HELOC? 3. I have a FHA loan on my condo I am renting out, can I get another FHA loan?

Thanks,

David