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All Forum Posts by: Diogenes Polanco

Diogenes Polanco has started 3 posts and replied 11 times.

Post: Is this a good strategy? Please help.

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

I did already did all that and yes theres a good monthly positive cash flow and I also spoke to my realtor about it. 

Post: Is this a good strategy? Please help.

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

Thank you 🙌🏼

Post: Is this a good strategy? Please help.

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

It will give me positive cash flow of $400 - $500/month. I can probably sell it but since I dont have a job I dont want to risk all my saving and the ROI which it might be around $20k from my old house( if i sell it) into a multi family house why? Because here in my town a multi family house cost around $250k-300k+. Hope you get my point.

Post: Is this a good strategy? Please help.

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

Thank you so much. I really Appreciate your feedback. I have enough money saved up to maintain both properties. I'm all in with real state so hopefully everything goes as planned. 

Post: Is this a good strategy? Please help.

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

Hello,

I lost my job (company closed down) so the bank won't lend me money because of it but my wife is working , I had her applied for a loan and she got approved. Now we own a house,  my plan is to buy another one to live in and the rent old one (I can rent It for $1200 -  mortgage $700 )  . My question is is this a good strategy to start my real state business? 

Post: Looking forward to work with wholesalers in PA

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

I was thinking of doing that. But thank you for your feedback. 

Post: Looking forward to work with wholesalers in PA

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

Hello, I have $25k to cover the property and closing cost. 

Post: Duplex House Hack with only $6500 out of pocket!!

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

🙏🏼 thank you for sharing . Good job 

Post: Looking forward to work with wholesalers in PA

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

Hello I live in allentown ,Pa but im looking to BRRRR. The property could be in allentown , Bethlehem or Easton PA.

Post: What would you do if you have 20k In bank account? (Im new in RS)

Diogenes PolancoPosted
  • New to Real Estate
  • Allentown, PA
  • Posts 11
  • Votes 1

Thank you I will.