All Forum Posts by: Jaleel Muss

Originally posted by @Aaron Inman:

@Jaleel Muss Can you refi to a conventional loan to move out of the property after it’s been stabilized?

Yes you can

@Selena Williams

Although slim, I still see a few deals on the MLS for Brooklyn, specifically three and four unit properties in the East New York area.

Yes, the Bronx does have a wider range of multi family properties that would provide a better cash flow.

@Damon Bodine

Hi Damon. I’ve successfully house hacked in Queens, NY. Feel free to reach out if you have any questions.

@Cary G Nicholson

I've used NACA to purchase my first triplex in NY. The disadvantages may depend on the current position you're in. It can be a long process and if you're pressed for time, this may not be your best option. They also prefer that you remain in the NACA purchased home for the life of the loan. Otherwise it's a pretty good product overall. Hope this helps.

@Nia Dixon

Hi Nia. I personally used the NACA program to purchase a tripled in NY. Great product if you're willing to put in the work.

@Brandon NA

Hey Brandon. I'm an agent and investor in NY. I've used the NACA product to purchase my first mult family so I can assure you, although a lengthy process, it is legit.

Hey @Zevi Arem 

I noticed two different dates for this event. Can you confirm if the meetup going to be held on 2/10/19 or 1/27/19? Thanks

Best,

Jaleel

@Jonathan Taylor

Congrats Jonathan. Good to hear you finally closed. I know NACA can be draining.

@Jonathan Taylor Good luck! Curious to know th turnout. I’ve purchased a property using NACA. Will you personally be hiring someone to inspect the sewage? As I know NACA only recommends a general inspector

Originally posted by @Jay Hinrichs:

@Brian Ky  

go into contract with the wholesaler you will then get to find out who the owner is when you get the title work.. wait until the close date do not close wholesaler probably is out of contract ... contact seller either prior or just after and go direct... 

I do not recommend this option if you are attempting to "get around" a wholesaler. Most intelligent wholesalers have an assignment contract which requires a deposit from the buyer. So you would be sacrificing funds if you were to not close. Also, this practice of "getting around" the wholesaler does not sound ethical or moral. So you become no better than the wholesaler you are bashing in that sense.