All Forum Posts by: Chase Titherington

Good morning BP,

I'm put an offer in on a single family that needs significant work and is currently inhabitable. I'm using a credit union to fund both the purchase (80%) and the rehab (100%). With this being said I will have to get insurance to as required by the bank, does anyone have any advice on where to look for insurance considering the condition of the building and it being vacant? I'm just wondering if there are insurers out there for these kind of properties

Any help would be much appreciated! 

Hi Tim, 

Thanks for the feedback,Elmwood is very nice but is a bit out of price range right now. Do you have any thoughts on Kenmore area or South Buffalo / West Seneca ? I was also looking in the Hamburg / Eden area as well 

Thanks,

Chase Titherington

Im looking to move to Buffalo for a new job and i'm looking to buy either a duplex or tri-plex to house hack for the first year or two. Does anyone have any insight on the market down there? I also would appreciate any references for real estate agents in the area who specialize in investment properties 

Thanks,

Thank you for the responses they have been very helpful, in this situation it would be seller financing for the first year then a refinance after the first year so there wouldn't be a real estate agent involved in the transaction. It sounds like the best course of action would be to do the CMA myself would you agree?

I'm looking to purchase a turn key single family rental property what are the best tools to determine the market value to assure I'm getting the best deal

I am looking to invest in a single family house, this is a turn key investment with a positive cash flow. This will be a 80/20 split with the bank and the seller will finance the other 20% on a 10 year loan I will cover the closing costs. It is roughly 150$ positive cash flow per month. Is holding this investment for a couple years (eventually sell for the equity) to risky?