All Forum Posts by: Craig C.

IMHO I would get a w-2 job so you can qualify for a fha or a 203k. just long enough to get to closing. I would try to buy a multifamily or a house with an apartment in it so you can live for next to free (or positive cashflow). I believe if you go for a 203k loan you have to have a fha certified contractor do the work. But don't forget you need a job to get the fha loan.

IMHO I would get a w-2 job so you can qualify for a fha or a 203k. just long enough to get to closing. I would try to buy a multifamily or a house with an apartment in it so you can live for next to free (or positive cashflow). I believe if you go for a 203k loan you have to have a fha certified contractor do the work. But don't forget you need a job to get the fha loan.

you should look into local REI groups. I'm from the island and know there are a ton of them. just Google real estate investor groups or look on biggerpockets local forums there is a large long island group.

you should look into what rents are going for in your area for a comparable unit. if you are able to cover the mortgage, taxes, ins, put away some money for repairs, vacancies etc.. If you are still able to make some money I would say go for it. however If you have a decent interest rate, I would not pay off the entire loan. in my opinion it would be better to save the cash and use it if another deal pops up. If the house will not cash flow see if you can sell it and make a profit.

I would look into buying a multifamily or student house so you can rent out rooms, get the tenants to pay the mortgage and live for free or close to it. this will get your feet wet with being a landlord and see if it's something you want to do. if you are an owner occupant you can get an FHA loan with only 3.5% down.

I understand your fears. I was in a similar situation a few years ago. I have pretty good credit and a stable job that I make 6 figures and want to explore building wealth outside from a paycheck. I am from the NEPA area not to far from Easton. I am interested in meeting up with other like minded people. If you want to meet up or talk on the phone let me know

you might want to drive the area. I was looking in the same area and looked at this house. I would suggest against any property on this street. It is the worst block in the town. this is a D area, drug dealers are walking up and down the street all day and night. If you go a bit east past main street the area really jumps up to a B. A friend of mine has several properties in the area and suggested against it but I had to see if for myself I am also in the area. I live in milford. I would love to meet up and talk some time.

welcome. there are some multifamily homes in your area you might want to look at. You can live in one and rent out the other unit(s). building is expensive

welcome. you might be interested in house hacking a multifamily. there are a ton of threads on here if you do a search

welcome. in also from Pennsylvania but the eastern portuon