All Forum Posts by: Francesco Epifania

Just got pre-approved for a jumbo fha loan on a 3 family in Boston. My rate is under 4% and the property is 800k. The 2/3 of the units cover the monthly costs of the building. I am new to buy and hold investment property and would like a little advice. I own my own and its paid off which is why i have decided to do this, just a little nervous as its a lot to handle.

Just got pre-approved for a jumbo fha loan on a 3 family in Boston. My rate is under 4% and the property is 800k. The 2/3 of the units cover the monthly costs of the building. I am new to buy and hold investment property and would like a little advice. I own my own and its paid off which is why i have decided to do this, just a little nervous as its a lot to handle.

Just got pre-approved for a jumbo fha loan on a 3 family in Boston. My rate is under 4% and the property is 800k. The 2/3 of the units cover the monthly costs of the building. I am new to buy and hold investment property and would like a little advice. I own my own and its paid off which is why i have decided to do this, just a little nervous as its a lot to handle.

Just got pre-approved for a jumbo fha loan on a 3 family in Boston. My rate is under 4% and the property is 800k. The 2/3 of the units cover the monthly costs of the building. I am new to buy and hold investment property and would like a little advice. I own my own and its paid off which is why i have decided to do this, just a little nervous as its a lot to handle.

But how do i calculate vacancy rates into investment when buying a piece of property? And are there any other numbers i need to calculate to see if the investment will be worth the trouble?

My current home is free and clear, finished the mortgage last year which is why started looking into this. All the investment properties that i'm have tenants that bring in income. Aside from the cost of the mortgage, re taxes, and insurance and utilities. Are there any other numbers i should be calculating into the costs so i can make sure that I'm making a good investment decision? All my knowledge is based on managing my current 2 family home.

Hello I'm looking for a little feedback in this area. I am applying for a heloc and thinking to use it to put down 20% on a multi-family investment property and a down payment on a single family home. The idea is to use the income from the investment property to pay for itself whilst generating some income and renting my current home to pay for a new single family home. It seems a bit overwhelming every time i think about it. Any feedback on this would very appreciated, thank you

I have briefly looked at some property out of state in providence

hello, i am currently working with a bank to get a mortgage pre-approval as well as starting an application for a cash out refinance. i have one 2 family house free and clear, savings that i will keep as reserves to cover me. i am also working with a couple or RE investors that send me MLS listings on 2-4 multifamily units from in and around the Boston metro area. i haven't decided yet if i should do a cash out refinance or a home equity line of credit to invest in rental property. i am new to investing in rental property and would appreciate any advice. the markets are rather high here but most of what i am looking show positive cash flow after expenses.

at the moment i'm looking to refinance my home so i can shop for property and at the same time looking at multifamily in various areas in and around the city of boston. i am looking not to buy and flip but for rental as i think this would be a good start for me and my family