All Forum Posts by: Frankie Paterno

@Brenden Mitchum thanks for the information mind if i shoot you a message ?

Hello everyone ! So recently i have been looking to purchase a home and im wondering if all

This sounds correct .. house would be 525k mortgage lender said figure this is what i would need roughly for a conventional loan. Btw i am a first time home buyer ! He said 26k down for DP and another 20-25k in closing cost, does this sound right ? I see people spending way less then that and snagging houses ! I’m trying to get into the real estate investing world by purchasing my first home and renting out the basement, refinancing in a year and buying more property with the money i receive back. I have roughly 90k set aside for investing just want to go about it the correct way !! I’m located in Staten Island NY ! For anyone looking for a partner for the future for flips etc. i know some things but looking to learn more as well I’m all game !!!

@William Hollis I would like to at least do 2 deals this year if i could .. and then by year 3 be doing 3 deals a year if not more !

@Gabriel Kolendrekaj just messaged you via Instagram !!

@Gabriel Kolendrekaj sounds great i will definitely be interested in attending can use all the knowledge possible. I set a goal for the next 3 years i plan to hit i really appreciate the help !! I will be reaching out to you to get some more info. Thankyou again

@Matt M. That is sweet !! Is it easy finding tenants out there ? I’m not too familiar with monthly rents Margin out there. Definitely does not seem like a bad idea at all !

@Nathan Crumback hey !! Appreciate the feedback yes i have savings set aside as well this is just what I’m willing to spend and put into use. I like the short term but i hear that there’s a lot of mistakes that can be made with that !! That’s why i look for partners if i can out here that has more experience then me maybe they would be willing to work together do a deal together or let me even tag along on a deal or project they are doing , long term doesn’t seem too bad tho.

@John Underwood wow 12k for the house that’s nice ! Congrats did you do research on the area you purchased the house ? I would love to hear more about this

@Jeff Schneider Sadly 120k Homes do not exist here. A 1 floor family home 2 bedroom bungalow can easily go for 200k it’s here here that’s why i am trying to venture out into other states but don’t know too much about it learning as i go along.

@Gabriel Kolendrekaj hey this sounds great i really like you way of thinking .. I have money put away and a pretty tight connections with license contractors being my cousin is one and does work for home flippers so that’s the plus end .. I like the flipping idea but my issue is I’m not sure how to get started in that area as such as using my 60k to purchase a home that needs work. Even homes that need work are on the expensive side here it’s kind of unreal ! That’s why I’m asking this question to hear what others would do i like to hear a bunch of things just in case i haven’t thought or began to think about yet. Thanks for your input it was def helpful i appreciate you very much. How is your real Estate investing going ?