All Forum Posts by: Jim Murphy

Guy's , does anyone have an opinion on the upstate new york market , people that I have talked to say that for buy and fix-rent is good but the margins available for flipping are not there right now.....
Any info is appreciated.

Guy's I just want to thank you all , I will find a loan officer with a local bank , being from Ireland I might just get one with the luck of the irish thing, so I will let you all know.

if I have a house worth $125,000 completely rehabbed and no mortgage a credit score of 785 they will find it gard to lend?
Am I understanding this correctly?

Waiting for some advise here, My plan is to buy with cash my first property a two family , I will rehab it , then I will live in one unit and rent the other. Taking that and going to a bank what are the processes in securing a first mortgage on that property, so as I can use that to purchase and rehab property #2. Is this the way most investors do this or is there a different means.

Hopefully I am on the right road , I have located an area that I will be investing in , I will be buying a property for cash and doing extensive rehab work to it. It is a two family . My plan is to go to a bank when I have a tenant and seek a 1st mortgage and then use that money to buy my second property and so on so forth , Is this a correct scenario or am I being too simplistic?

Chris Thanks alot right now I am getting as much info on the neighbourhoods as possible.

Guys My divorce will be final in the next few months and I have been looking at real estate in the syracuse area , My plan is to buy, fix and hopefully flip several properties before buying to fix and rent. I currently live in New Jersey Does anyone have info or good knowledge of the Syracuse market?

I should have alot more but I am seeking custody etc etc and we have 3 properties so there is some equity.

Hi I am looking at Skaneateles new york as an area to start investing. I am currently in the middle of a divorce here in NJ and will have about $100,000 cash at some point. I am interested in buying properties that need work , doing the work and then reselling at a profit. Is anyone here involved in these types of deals and possibly in the greater syracuse area?