All Forum Posts by: Meti Kay

Rief Hodzic sad to say I'm kind of hoping there's some dip so it's more of a buyers market but as long as it's cash flowing I believe you could ride the wave out.. the last bubble my area rents weren't really effected for the most part.. I've actually been looking in the freehold Manalapan area (I'm in Staten Island) can you PM me if you wouldn't mind if I picked your brain?.. btw you Bosnian?

Yvonne Dupree hey can you PM me more about those 70-85k properties that rent out at 1300++ I'm interested

I was being extra conservative management (%10) I plan on managing myself since the property is very close to me I will screen my own tenants as for repairs I think that's annoy high since I plan on fixing most during renovations but still will account for some cushion.. I still see it as a decent deal since insurance won't be more then 1100.. cash flow would be great since if everything works accordingly I will only have a few grand out of pocket after refi is successfully complete

Left about 250 m monthly for that cushion (repairs).. maybe seem a bit low but I'm hoping to prove many things during the rehab plus I'm a bit handy myself unless it's something major but we all worry about that in this business that's whole risk aspect we take into consideration.. my real worry is the refinance down the line and the appraisal then

First time investor and have been going crazy looking for deals in NY/NJ.. I have been leading towards NJ since the numbers make the most sense even though taxes are high.. it is also a 30 min drive that makes it appealing for me... here are the numbers It's a 3 br 2 bath Listed for 85k Needs about 20k to put it in rentable shape Taxes are 5200 a year Comps are in the 160k range (very conservative) I'm playing to use conventional 20/80 financing and use my own funds and refinance in 6-12 months All in all takeover costs I'm figuring 110k give or take Market rents on a 3 bed 2 bath is $1700 If the numbers are correct I should be able to cashflow around $500 a month Anything I'm missing here???

Kurush Italia hey I tried PM'ing you with no luck.. please reach out to me I'm interested in being put on the buyers list

Wondering if any investors here were able to manage these OOS... 200 days out of the year seems amazing

Does it make any sense to do a regular 80/20 Loan for the BRRR strategy ?

I really appreciate that.. I'm currently pre qualified for a good amount and have a credit score of over 750.. i work a 9-5 in a union so I have the stability.. I was just seeing if investors use a different strategy or concept to save some

Being that I'm a first time investor (Cashflow) I'm looking for feedback on an reputable fixed rate and where to look for the best rates.. I know traditional 30 year fixes are 4ish percent and add another point for investment.. just curious where you usually go (Tri-State NY/NJ) or if anyone ended up getting better rates online or have any recommendation.. just tying to run numbers on some cap rates and IRR on using leverage... thank you RECOMMENDATIONS PLEASE..