All Forum Posts by: Gabe Viteri

@Kelvin Duen thanks, it's a work in progress that's for sure!

We are in Mamaroneck

@May Baten congrats on the property. Were I in your shoes, I would order a certified home inspection to ensure you know all the items that will end up costing you money. In Memphis, I understand this can be handled for a few hundred dollars. You'll get a full work-up of the issues that need to be addressed.

From there, you can have a better idea of how to interface with a GC or if you choose to you could manage subcontractors yourself based on the most immediate needs. My first move would be an inspection. Best of luck,

@Ryan Ridley congrats! Very reassuring as I am about to take the plunge on my first BRRRR. Did you use crestcore's rehab team as well as PM services?

Hi @Danielle Wolter, I wanted to check in to see how you are moving forward in Memphis. What obstacles have you run into since your original post, and what are your next steps?  

@Rabih El-Khoury how was your trip to Memphis? I would like to also jump into this market. Currently in research phase, but have a property in mind. Curious what your overall impression was, and how valuable your trip to the city was.

I am in the process of convincing my wife to BRRRR down in Memphis (I'm in NYC area). I have a few emails/phone calls out to some folks and am on the constant hunt for contractors. Any luck?

@Brittany Lischinsky great question. In short, I don't know.

I do imagine they have options strictly for investment properties (aka non-primary residences), but I can't say for certain. It's worth a phone call!

I'd be curious to know as well for future.

@Alex Horelick they do. I didn't qualify as a first time home buyer on my duplex, so had I not already purchased a home in recent years, I would have used this option.

Instead, I went with another great option of 10.5% down and no pmi.

@James Narlis I am in Westchester as well. If you are a first time homebuyer, I recommend gathering information on Trust Co. bank. They offer a similar 3.5% FHA style loan, except that they keep your mortgage inhouse (they don't resell your mortgage), which means that they don't charge you a PMI. This option can save you maybe $120 a month, and they offer competitive interest rates of course as well. Not many people know about them. I'm just trying to share the love!

I used them recently on a duplex I purchased here. Great bank option. I went through Gina Swarwari. You can google her contact info as forum restrictions prevent me from sharing her contact details.

If you do end up speaking with her, please pass along an enthusiastic hello for me!

Good luck out there,

When is the next one? I won't be able to make it tonight.

@Andy Basler a number of people have said in this thread they use cozy.co

I use it as well. This solved my max limits from venmo/paypal/zelle.

Good portal access on the site, super simple to use, free for basic services like rent collection. Tenant can submit repair/maintenance tickets to you as well.

Biggest downside is that they hold your rent for a few days (4-5?) before the transfer into your bank. You may be able to upgrade out of that delay.

I have not found a more elegant solution yet.

Good luck