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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 6 times.

Post: Growing my portfolio- 13 units ~$170k in annual cash flow

Account ClosedPosted
  • CAD Designer
  • Garfield, NJ
  • Posts 8
  • Votes 5

Someone who is proud of their success, and knows what they are doing has no issue posting reality.  Entertaining read.  Anyone can write a success "story".

Post: Can you add to your mortgage renovation cost?

Account ClosedPosted
  • CAD Designer
  • Garfield, NJ
  • Posts 8
  • Votes 5

We did owner occupied with a FHA 203k streamlined loan built into the mortgage.

Here is a link to more details I found from a google search: https://www.thebalance.com/fha-203k-loan-costs-and...

Post: LLC, is it worth it starting out?

Account ClosedPosted
  • CAD Designer
  • Garfield, NJ
  • Posts 8
  • Votes 5

Great question. I am curious about how/when to set this up as well. Currently living in a duplex, and currently am of the mind to wait to start the LLC until down the road. I am willing to be convinced.

Post: Looking for NJ Lender

Account ClosedPosted
  • CAD Designer
  • Garfield, NJ
  • Posts 8
  • Votes 5

Hi, I am looking to obtain a pre-approval letter from a bank before hunting for multi-family and mixed-use property in northern NJ.  Advice on good lenders, or suggestions for what bank you use for your loans would be a great help.  Also, tips on what to keep an eye out for in the process would be appreciated!  Thanks.

Post: Wholesaler in Brooklyn New York

Account ClosedPosted
  • CAD Designer
  • Garfield, NJ
  • Posts 8
  • Votes 5

Hello from Woodside, and welcome!  Plenty of information to read, listen, and talk about here--enjoy!

Post: Just closed on Rental #2!

Account ClosedPosted
  • CAD Designer
  • Garfield, NJ
  • Posts 8
  • Votes 5

Congrats Joe!  And all the best with your marriage.  I'm getting hitched this coming January :)  Only $7k down sounds like a steal!