All Forum Posts by: Jose G Delvalle Bueno

@Nicholas Popovich I assume you manage properties in Fairfield section correct

@Sean Toomey how is it investing in those areas of CT. Right now I limited my exposure to New Haven and Bridgeport, but very competitive markets.

@Jose Gonzalez I do find most of my properties on the MLS, but some areas of CT are very competitive. I normally find myself buying bank owned properties where multiple offers are submitted and you are forced to submit a best and final. I also purchased a bank owned property through an online auction.

@Mark Albini I started investing in CT because the prices were more comparable to those of NY, plus I was steering away from tenant friendly states like NY since I own one property there. I thought CT would be a bit better, but with this pandemic I am seeing how blue this state is.

Also, I live in CT and wanted my investments close as I have heard horror stories in long distance investing.

At the moment I do achieve 20-40% cash on cash return, however I do self manage my properties in order to recoup my investments faster

I do want to start investing in more landlord friendly states. I was considering Florida since I wanted to move out there eventually.

I would love to talk some more

@Jose Gonzalez

CT so far has been ok for me. I invest in multi family units in bridgeport and New Haven. CT is a democratic state, which is tenant friendly and this pandemic is a prime example of that, but you can still make money. You just need to make sure the numbers make sense. Now as for the 150k for a property even in not so good areasike bridvor new haven that may not be enough so keep that in mind. Best of luck.

@Cameron Tope are these banks providing funding outside of TX. And who are some of these banks

Are any banks doing cash out refi on investment Properties. Looks like market has tighten up after COVID-19. Rates are high and they are only doing 65% LTV.

@Odie Ayaga at the moment I have used 2. Hard money lending institutions and HELOC, but I wanted to see what other options are out there and that mainly dont have much red flags like that of a hard money institution (inspection st time of purchase, draw schedules, arv appraisals, etc)

@Andrew Postell thank you for the response. For the most part that's what it looks like.

It seems that all private lenders offer the same program. Finance upto 80-90% purchase price plus upto 90-100% rehab. Interest only with 2-3 points at closing capped at 65-75% ARV. Some have less red tapes than others and some call their loans lines of credits, but at the end of the day it's still the same loan product. Is this the norm or has anyone actually worked with someone that truly offers a real line of credit without all the red tape.