All Forum Posts by: Eric Goldman

all of them. as long as the numbers work.

have boots on the ground.... know and under stand the areas. understand when you will need permits. what areas in philly are you looking at?

as is prop value 75k and minimum loan size of 50k. as long as its turn key 30 year fixed is available. yes there are some fees and rate will be a touch higher. if it cash flows get it closed.

yea id do a personal loan for 25k. ive done that a few times.

5+ units DSCR or commercial mortgages. each one is used for different things. really matters purchase price. location of property and your physical location. dscr looks at the property and your credit score. commercial bank looks at you and the property. tax returns, w2s DTI. then the property needs to cash flow enough for them. dscr is a bit more lax but higher rate.

if you can find a good deal and if it needs work be able to do it your self, sweat equity, you will make out alot better then finding on MLS and hiring contractor. this is given for any market, but i stress that this seems to be the only way in bucks right now.

my wife only cares when we we get a flip sold..... Her grand parents own duplex outside of NY. OG land lords. she has no interest in being a land lord and does not want to hear about the issues. be on the same page. if you find a good deal and the budget allows it make the pro/cons list.

you should find someone who you can shot the deal over to, they say yes or no then you toss the EMD down....

if a purchase and rehab

how many deals have you done, address, purchase price, est rehab cost and est arv, credit score and llc name.

for a 30 year fixed long term purchase or refi

credit score, address, purchase price or est value, rent or expected rent if purchase, taxes and insurance.

these are deal by deal.

75% is standard. 80% rate and term dont take the bait. 

chat with everyone. everyone. i talk to people in line at the check out at stores. you never know who you will meet. some people cant do this. or wont. we can fix cant.