All Forum Posts by: Francesco Tartarone

I was wondering if anyone had any real life knowledge on building a new home and about getting a loan for construction?

Let say  I want to build a 3,000 square foot home would it be cheaper to build a module home or have a construction company do it. How much would you say it will cost on average on average per square foot?

Also, after it is completed would it be worth more than it cost me to build it? 

For Loans, I just want to know how it works let say I get a loan for the Land, and in 1 year I decided I want to start building.  Will I have to put down a down payment for the construction loan or will it be added to my mortgage?

Could someone explain to me how to go about investing in note buying ? What are some key factors to know when investing in note buying?

could you explain the difference in Loan Status and Lien position?

 loan status:

1. performing

2. non performing

3. Newley Originated 

also, the difference between Lien position:

1st 

2nd 

3rd 

which are the best loan to buy and where can I buy them? How long does this process take to invest and possibly become the owner of the property ?

Hi all,

I am looking to get into real estate investing with 2 other people whoI have known for almost 10 years. 1 of them is an architect and the other is a handy man. 

I have a few question in regards to starting:

1. Since there is 3 people do we need an LLC ?

2. If we do an LLC is it possible to still use an FHA loan, if needed?

3. What are other ways to get money to start owning homes?

3. If there I do get an LLC, when I sell the property could I still shelter my gain of 250,000 or is the only shelter a like-kind exchange?

4. Does anyone on here experience doing business with a team like that and splitting profits 3 ways?

5. foreclosure question:

a. What are the requirements of doing foreclosure in new york ( new york city , Westchester county)?

b. how do you find your properties?

c.  How do you do a title search of the foreclosed property for any liens?

D. How do you search for houses with tax lien and essentially invest in the lien that if it forclose you can have the opportunity to own the house ?(what is this technique called)