All Forum Posts by: Graham Smith

Thanks @Harjeet Bhatti ! And another question - I am now in a multiple offer situation and put in an offer for $3K above the highest and best offer. 

If I do get the property (since this will be one of my first ones), can I still pull out of the deal before closing and get my earnest money back if I change my mind?

I'm looking to buy a homepath.com 4 unit as my primary residence - but the bank still requires I put down 25% downpayment since 4 units?

Is there a way to finance this without having to put 25% down? It is a Fannie Mae property. Price is $600K.

Hi, I am a NY investor buying in West Garfield area and looking for a property manager - does anyone have any references of good ones?

Also, what are good questions to ask a property manager to know if they are good?

Thanks!

Graham

Hello,

I'm looking to buy in West Garfield Park and found a 30% cash on cash return property. 5 of the 6 units are rented right now and looks like a great investment cash flow wise.

But I'm worried about buying into a potential war zone. 

1) Does anyone have any thoughts on West Garfield and the direction it is headed over the next couple of years?

2) Does anyone know a good property manager that would cover West Garfield and take care of finding tenants?

Thanks!

Graham Smith

New York City