All Forum Posts by: Felix Maldonado

Hello. I am from Delaware. Things have dried up a bit when it comes to multi-families in Delaware. I am considering investing in Penns Grove, NJ. Does anyone know if the demand from renters is high in this town or the area? The home I am interested in has renters now, but I am concerned about what happens if they leave. Is it hard to find renters in this area? Thanks.

Did you take the leap?

0 Votes

Quote from @Chris D.:

Hi @Felix Maldonado:

The caveat here is that I am new to this and not sure what's customary for lenders to provide upfront. That said, I searched on the Better business bureau site but they aren't listed there. Their LinkedIn is sparse, with only 6 employees and no reviews/followers. I think your best bet is to ask for referrals/deals that they've done in the past 6-12 months if your concerned. If they "can't" or don't want to, perhaps proceed with caution/move on. I'd be interested in what others' thoughts are. I'd be interested to know how it turns out.

Asked for referrals twice. Never got them. Either they don’t have any yet or are hiding the truth.

1 Vote

Wilmington, Delaware

Quote from @Chris D.:

Hi @Felix Maldonado:

Thank you! I also checked BBB and stopped there. I then saw a few recommended on this site I can feel better using.

0 Votes

Wilmington, Delaware

Clarification I’ll be getting that $ amount

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Wilmington, Delaware

an opportunity popped up. $50- $60k best case scenario for a spacious home for 4 (Wife and I + 2 kids) and to invest into a buy and hold? House hacking not an option. Should I do 50/50 on each?15k on 3 different properties?

What would you do (in this exact scenario). S. Jersey area

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Wilmington, Delaware

Site looks official. Spoke to a few reps but besides asking for references how can I vett this Blue Gate Capital?

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Wilmington, Delaware

Not looking for a dollar amount but generally speaking. Reinvest all or take a small percentage for self, savings, personal?

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How does one go about using retirement or borrowing from retirement as line of credit or equity? Only personal loan of commercial as well?

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I'm looking at for my FIRST property. First and foremost this is in a rough city but its on a mainstreet so I feel it helps. Its local to me and I feel if I can add add add a fence and add surveillance if need be it will be a valuable asset.

3BR upstairs and a Babershop downstairs. It would need some rehab but if I can steal it at the right price I feel it would be a solid cashflow. I crunched some numbers but there is no offer or anything.

How do you feel about inner city investments?

What are more things to consider?

Any and all feedback is welcome! Thanks

0 Votes

All Forum Posts by: Felix Maldonado

Felix Maldonado has started 6 posts and replied 10 times.

Post: Pro Rated fee for withdrawal

Post: Salem County, NJ rental demand

Post: Vetting HML. Need to be sure they are legit.

Post: Vetting HML. Need to be sure they are legit.

Post: New investor. Looking to Brrr working on Financing options

Post: New investor. Looking to Brrr working on Financing options

Post: Vetting HML. Need to be sure they are legit.

Post: How much do you pay yourself?

Post: Using 401,457b retirement?

Post: Opinions on a property that has residence and business