All Forum Posts by: John Oitice

yes you can buy under an ny llc only issue is your will get double taxed 

ok have a deal that will be in contract in the next few days i have 100k of own money to put into the deal but total investment is 447,750 the resale on this investment is no less then 575k relishing for 660 its a 5 bed 3 bath 2900 sq foot ranch in cortlandt manor ny any help would be terrific 

thats what i was getting at i have a investor friendly mobile home park about 30 mins from me and they can be bought for about 5-8k with maybe 3k work at the worst and rented for 900-1100 park fees about 750 800 not a bad idea to throw 8k and try something new 

i have a few good connections depending on where (upstate) to you is 

does anyone have any knowledge of buying and renting model home I'm thinking of getting into them any advice I'm in ny 

only my 2 cents not that its worth much.  but a lot of agents are not custom to working with investors so they don't know exactly whats going on. i personally have gone through 12 agents before i found the right fit for me. she is amazing brings me deals her broker is getting that are bank owned before they hit mL so that day one i have an offer in hand. 2 she not only searches mLs for me but any property i see or she sees thats abandoned she looks up and finds the info on it and gives it right to me if its worth it. she also sends me lists of expired listings monthly so i can send out hand written letters to them expressing interest in buying their property if they are still looking to sell.  so my advice would be to not limit yourself to one agent until you find the Dimond in the rough and questions please feel free to email me or message me here 

i don't know the laws but i believe they sent you to contract so this should bind them if it was signed by them and told to you to return it this does not seem like anything I've heard of before 

email me more details please [email protected]

yea foundation is my main stay away also really starting to hate anything thats owned by fannie mae lol 

i tend to stay away from anything foundation wise if the house needs to be jacked up and fixed I've found that the cost of this is too much on top of other issue the house has and will to two options from there knock down or walk away