All Forum Posts by: Enrique P.

Hi all - 

In the process of purchasing our first home and had a question re: mortgage rates - I got a preapproval at 2.9% from Chase when my score was 760 and my wife's was 720. I'm now under contract and WE have zeroed out all of our CC balances resulting in scores of 820 and 760 respectively - was told by my lender that as long as we're above 760, there isn't a big difference when you go higher than that. Does this sound accurate? The house is in NY and we're putting 20% down. 

Just wanted to check before locking in a rate. 

Thanks!

Hi all - I'm originally from North NJ, have been working and living in San Francisco for the past 3 years. My wife and I are both 30 and work in tech - we've seen falling prices in New York due to COVID, we're casually looking and considering moving back east. It would be our first home, and we're especially interested in Manhattan (Hell's Kitchen, Midtown, anywhere downtown), and Brooklyn (Williamsburg). It's a bit difficult to get our finger on the pulse from the west coast - is the "ny exodus" overblown? Can anyone point me toward resources about the area? 

Researching doing my first house-hack on a multi-family or small apartment building in NJ. Does it still make sense to invest through an LLC? Is this complicated by the fact that you're living in one of the units?

The title says it all. Researching before trying my first house hack in NJ. Can you (or should you) start an LLC for your house-hack? Is it complicated by the fact that you're living in it?

@Kevin Zolea I’ll have to check this out!

@Shawn Mcenteer have you had any luck yourself? Any good resources to get up to speed?

@Odie Ayaga sorry for the late reply! Last few months have been hectic to say the least. He sure is.

@Kevin Zolea thanks so much! Will give it a read - any idea which meetups are worth going to?

@Odie Ayaga he sure is lol

@Sandy Gabin thanks so much for the offer! I’ll definitely take you up on that - starting seems a bit daunting but I’m up for the challenge. =)