All Forum Posts by: David Goldberg

@Stephen Fryer i agree with you that the realtor is in it to make a sale, but he know that if he sets me up with a deal that favors me. In the long run HE KNOW that i will keep coming  back. I made it clear to him i dont plan on stopping unless i dont have the funds.

@Stephen Fryer and @Joe Facenda. I really appreciate the help. I hope to close my first deal in the next 3 months. I will be able to do so with help like this.

@Christine Kankowski i would agree with you to make that clause. However the terms will only be for 3 months . I am looking to buy my first property. I would like to make this guy feel that im not looking elsewere. I think that asking for the clause on such a short term can rock the boat.

@Stephen Fryer thanks again i would agree with you not to rely solely on the realtor. I would take it a step further and follow @David Greenes strategy. Checks and balances, have my core 4 check each other.

It is a multi family and I live 200 miles away.

Does anyone in the Worcester Massachusetts area know of a lender that offers LESS than 20% for a multi-family investment property.

No I have not. I'm trying to do out of state investing . I'm in the begging stages of A- buying my first property and B- creating what @ David green talked about in the latest BP podcast "the core 4".

As he mentioned try to find that 1 good guy from the 4 and ask him if he know someone who could be another key component. I have been working with his Recommendation of a loan agent. If he doesn't work out your right on to the next one. Just want to make sure I'm not looking for something that doesn't exist. 

I will be doing a 3 month as I said before. How does it work when it come to my realtor and someone else's listing. How do they have the right to sell that house? Do they just present the offer to the seller?

I was speaking to my loan officer from the state of Massachusetts, and he was telling me my only options when it comes to buying a multi family investment property is, either 3.5% FHA or 20% down nothing in between. Is this true?

Thanks @Stephen Fryer I  understand were you are coming from. However I'm trying to take the approach that @david greene talked about on the latest podcast. Find that one guy and us him to find the other 3 "realtor-manager-contractor". And the agreement I'm signing is only 3 months which is time for me to "as a first time home buyer" have enough time to really find something, and feel comfortable making my 1st purchase.

If after 3 months I don't like this guy certainly I would use your advice .