All Forum Posts by: Christopher Noto

@Nancy L. Thank you! I have now lost my fear of PMI. I'm going to be sure to crunch the numbers on whichever property I invest first into and as long as it's expected to generate a comfortable amount of cash flow I will pull the trigger.

Thank you @Denise Stanford good day to you as well fellow BPer! 

@David Semer Thanks for the warm welcome! I appreciate your tips and info on REI groups. I feel like I just stepped out of a cave. For so long I haven't been able to communicate with anyone that "gets it"... What a breath of fresh air. Thanks again David!

@Gregory H.

I've also only recently heard of section 8, I will have to look into it more.

Thanks again guys.

Hello everyone,

I'm very new to the world of real estate investment, I'm really in my "embryonic stage" I guess you could say since I don't own a property yet.

With that said though, I'm trying to keep my eyes peeled for areas with low vacancy rates. I figure that searching for an ideal vacancy rate is logically a pretty critical aspect for a rental REI, no?

The problem however is that I cannot find this information very easily, especially if I'm looking up a non-major city, and even then the information is not up to date. Is there any website I can go to that provides clear-cut, up to date vacancy rates?

 Thank you, Larry!

 Thank you! Nice to meet you as well. I accepted your colleague request. Both of those options sound like they could be great opportunities to learn. I will definitely keep in touch.

I have to say additionally, I'm pleasantly surprised to see how active this forum is!

Thank you! PMI is no fun to pay, but you have a good point. I guess it's simply the thought of paying for that extra expense that has scared me into thinking that I need to put 20% down. I will be the first to tell you that I'm here because I need to learn, so perhaps this part of my plan should be reevaluated. The bottom line is indeed most important.

@John Matthews

Thank you. I am working full-time but my annual salary isn't tremendous and I only started saving in October of 2014. Also, I am looking to put 20% down to avoid paying PMI, rather than opting for a lower down payment mortgage like FHA. I'm ideally looking for a 90k or less multi-family to get started.

Here's a nice noob question. How do I highlight @ someone?

Hello all.

I'm an aspiring real estate investor and I'm interested in the rental side of the game. I plan on buying my first property ever (a multi-family home) by the Fall of 2016. I am from New Jersey, however I am strongly considering purchasing my first property in Pennsylvania in a Philadelphia suburb to be closer to a major city and also pay less in property taxes. 

I'm looking forward to learning a lot here along with finally communicating with other similar minded people.