All Forum Posts by: Joe Flotta

thanks for the ideas fellas.

I do have w2 income.

I will be exploring these ideas with her.

hi bp'ers

i am trying to find a loan for 90,000 but my debt to income ratio is a bit high as i've been putting most of the profit from 14 units back into them. i've aquired them in the past 2 years so it's been somewhat compressed. they're all rented and i'm pulling noi of approx 2500/month.

i have 30k cash and i'm looking for help. this would be for my primary residence. believe it or not, the house is being sold by my ex and i don't want my kids to have to move so i waould just move back in once she's out. 

the house is in a top school district and in a desirable location. it would definitely appraise around 120k.

thank for any help!

joe

thanks everyone! much appreciated. i got the ball rolling today. time will tell.

thanks in advance for any help and yes i have %25 cash to put down.

thanks for your input gentlemen! much appreciated.

I wish I could get the link to work. I tried cut and paste as well but no luck. i'm no Einstein but wow this is kinda embarassing. any help out there? I've never used google docs.

2 brick duplexes on the same deed in a lower but still working class suburb although it's trending "single family ghetto"

price: $51,000

piti: $575/month

rents: $1350/month-- rents are about right at $450,$450,$450 and (historically) $275 for the little one bedroom where i'll be living for a year

they ain't fancy and could use some interior beautification but they're solid, don't need any furnaces or water heaters and the rooves are real good. they have decent tenants and decent history though the landlord was VERY detached the last several years.

tenants pay everything and i plan to hold on to it.

I've looked for a while and i like it. I'm a noob tho and don't know my *** from a hole in the ground. i figure that if the bottom drops out i can lower the rents and still flow a little and if it doesn't, then I'm golden.

thanks for any thoughts or advice.

thanks for being there Ian. Dave and MR Martin, I appreciate your help and advice.

thanks fellas!

thanks for having me. I'm just getting started and I appreciate this site big time!

joe