All Forum Posts by: Christian Reyes

I'm on the same boat as @Donald S.. I was in the Marines myself and with BAH, regular pay and deployment pay, I came back from both my deployments rich. HAHA!

I usually do the demo and hauling away, small jobs like painting, flooring, sheetrock I can do myself. Specialties like electrical, HVAC, plumbing, give to the professionals.

Hey @Vincent Harris and welcome to BP. Let me know if you'd ever like to chat. I'm a Realtor in the area and also investing.

Please do stick around and read up. Tons of great information on this site.

Excellent article Mark!

I think strategies will change and both homeowners and investors may just adopt a more long term strategy when making their decisions.

However, I do feel that home ownership far outweighs the tax burden. Especially if you think long term enough to have an exit plan that far out.

Hi Devin,

I'm curious to see what happens. How would you prevent your seller from seeing how much you make off this deal? Perhaps you can do a double close instead but then you're paying two closing costs.

I would reach out to him on a personal level and just explain the situation. He took possession of the keys which makes him responsible for their safeguarding. His neglect cost you $95.

You won't know if he's going to say No until you ask him. Lets hope he's willing to take responsibility for his mistake.

Thanks so much @Account Closed. 

Am I reading this correctly? Multi family properties in Middletown are being forced to downzone to single family residences?

@Chris Mason thank you so much for the reply and my apologies for my late one.

I'm not sure what an ADU is but I think I got the gist of your FNMA HS loan. If I can pull this off, that means I would be using a FNMA HS loan to finance a SFR and rent out as a duplex?

I'd have to check zoning but that sounds like a great idea!

Hello Fellow BPers!

Forgive me in advance as I have searched through the forums and perhaps my search skills are not up to par but I haven't found a solution.

I am currently shopping around for a loan that can help me with acquisition of a multifamily property but am coming across many lenders whom will tell me I can only use a Fannie Mae Homestyle renovation loan  but that is limited to a single family property.

I do not intend on living in the property and as such, FHA loans are apparently out of the question. However, would like to be able to include any rehab costs into the loan as well. The Mortgage Broker I spoke with informed me there is basically no other choice I can go with other than private money, hard money or a construction loan.

I wish to hear from you guys. Any suggestions on how I can finance this investment fully (minus my downpayment) and include the rehab costs into it? 

Any and all help is greatly appreciated!

-Christian