All Forum Posts by: Emilio Betancourt

@Joe Splitrock thank you for your comments. Should I check with a credit union or is there a better place to start?

I bought a single family home in 2017 for 206k with 3% down. Mortgage balance right now is $191k. The property is rented for $1600 per month. Houses in the area are now going for $300k but mine is probably worth $285k. What options do I have to take out the equity?

Thank you in advance for your sugestions.

I have a problem with kids trespassing into my property. Just two kids about 7 or 8. What can I do to deter them from coming in? I have cameras around property and fance but they just walk right in. I cant lock gates. One tenant told me he saw them trying to kick in basement windows.

Hello, Blake! I am in Nashua. I am in the process of buying a property in Manchester. You can use these two websites to get the tax assessment. 

Tax rates: https://www.manchesternh.gov/Departments/Assessors...

Tax assesment values: http://gis.vgsi.com/manchesternh/

You can then use this formula:

(tax rate/1000) * ratio (2016 it was 96.8%) * assessed value

For example: 

Tax rate=$23.14 per $1000.00 of assessed valuation.

Ratio= 96.8%

Assessed value=  200,000.00

In this example

(23.14/1000) * .968 *$200,000 = $4,479.90

Thanks to all for your suggestions I will be ending the relationship more confidently with your help.

thanks Lynn. I see that my post is confusing. I will repost a more concise post. I appreciate your feeeback.

I'd like to part ways with my agent. After working with her for a few months I realize that she is not aggressive enough. I started my relationship with her when I found a job posting she had put on Craig's list. I got the job which was just part time. I then decided to start searching for a multi family. The job has faded away since she never really needs me. She is really nice and I like her personally. I have met with another agent that has more strategies and can think on her feet. My current agent has done work for us. We've gone to showings and made offers. I don't want to ruin future possibilities since my current agent is really well known in my area. I have set up a meeting for her this Sunday. How should I tell her that I want to part ways? Should I even tell her?

My wife and I have been looking for a 3-4 unit property in Nashua and Manchester NH. We have found a few properties that make sense but the market is very hot in this area. As soon as we take a look multiple offers seem to pop out of nowhere. When properties in good condition come on the market sometimes they are under contract with in days if not hours. 

Our biggest competitors are CASH offers!!! They have been a problem since the beginning. We are using an FHA loan and that does not seem to be appetizing to the sellers. We have about $12k for this purchase.

Should we stop looking and wait till the market calms down? Or should we just be more aggressive? Or what do you think? This is our first purchase. 

Hello, everyone! I am looking to get into a home that we found in my state. I toured the area and found that there is a luxury apartment rental community being built up the street. The property that I am looking at has 3 apartments. The rents in the area range from $830 for 1 bedroom with heat and hot water $1035 for 2 bedrooms with heat and hot water too. My thought is that if they are building luxury apartments in the area then there must be a need. Its a huge complex. What do you think?