All Forum Posts by: David Noskiewicz

Thank you gentlemen, I agree with all of you. Yes, the VA interest is low 3's, and FHA low 4's. I've been told that's good, and I don't even have great credit, at least I thought it was horrible. This was the final "nudge" I needed to stick to a plan, not change it because "bigger is better" mentality I picked up somewhere off someone else, who yes is successful, but has 20 years experience on me. Also, I don't have 50k stashed away, some, but not 50k.

I'll show future lenders that I can handle 4 units, and go from there. 

Greatly appreciated, Thank you sincerely. 

Hey ladies and gentlemen, 

I am basically ready to make the leap, have all finances in order, great team (attorney, bookkeeper,CPA, Broker, etc.) and have been looking into residential multi-families in Northern CT, and Western MA, and the more I think about it and the more 5 + units I see, the more I believe it would be smarter for me not to be "afraid" of commercial and believe it to be more advantageous to go a little bigger rather than smaller (assuming the price is right) I have spoken to numerous people, and they say "well this is your first property, so you won't be able to get a loan for any commercial",  or " stick with getting the 2-4 unit as your doing, prove that you can manage something small for 1-2 years ( I will be living their) and then go after commercial. With the research I am finding, if I happen to find a property that is owned outright, there may be a chance (seller financing, Master Lease Option, etc.) 

Are there any words of wisdom for a Vet who doesn't have the best credit, and has been pre-approved for a VA loan, and FHA 203k Loan , but I really didn't think I would be able to.

Is raising money for a down payment and finding investors the only way I can honestly get into the commercial real-estate?

Any advice or referrals to Commercial Agents/Brokers would be greatly appreciated.

Thank you in advance. 

Does anyone have a referral for an investor friendly (investor themselves) agent/broker? For the Western MA area?

Hello ladies and gentlemen,

I am currently looking for my first Multi-Family to househack in the Springfield MA area, and currently live in Enfield CT. I am unsure on how to precisely analyze a rental property since I plan on renting one unit out. So right now I am using total income from both units, however, would I input operating expenses from both units? or just half since we will be living in one unit? Should I only use income from one side? I am just not sure on how to be most accurate. This Multi Family will need some work, and the rental will be fixed up first, then we will slowly fix our unit.  I was thinking maybe use the flip calculator? Just a little confused and hope I explained it enough. Thank you in advance. 

Everyone here is greatly appreciated! Thank-you folks!! keep it coming :) 

Norwich is 750-1400, that's why i asked to narrow it down. In my oppinion that is. 

Any Multi-family opportunities for fixing up/house hacking in newington? I live in Enfield , and definately not up here, at least not in an A or B location, which is what I need. 

you have a street address? I'll tell you the average for a 3 mile radius

In my case, Im looking to house hack, looking for a multi-family, that needs some work, rehab whatever needs work (the rental first, to get that income flowing asap, and then obviously ours over time. My question is, how would one attack this if I get this at a decent price, BRRRR it even though my family and I need to live in it for a year or so, (this will be our first home purchase) , or just analyse it as a rental property, or as a flip? Since I need live their for a year, what would be the smartest strategy for my first investment?

Thank you for your advice. There was no particular reason beside just looking near Houston area but not directly in Houston . We are open to alot of places, we are looking for the best market to suit us. Your advice is greatly appreciated , we are still "shopping" . 

I am looking to move my family to the Galveston TX area. We are recently getting into investing into rental properties, and our first move is to get into a multi family and "house hack". We currently live in CT and not aware of the market in the Houston/Galveston area , so looking for some feedback on anything before we decide this is our for sure destination. some questions like how would you rank the location? is the market steady? what is the average age group?  what is the closest major highway? is there plenty to do around town ? 

Can anyone connect us with an investor friendly agent? 

Opinions on the area?

Looking for Class B,C,C- properties in a A,B location. We have kids and definitely care about location over property , Looking to fix up a multi family. 

Thank you in advance. 

Best Regards, Dave