All Forum Posts by: Joseph Mattucci

I am currently looking at purchasing properties in the Akron / Cleveland surrounding area that are below 300k price range. I was wondering if there are any local real estate agents, mortgage brokers, or investors in the area who can give me a decent idea of what I can be looking to pay in closing costs. I have heard anywhere from 2-6% of purchase price but that was not specific to Northeast Ohio. Also what all will my closing costs be covering? Thanks for any help

Thanks for the response Jason, appreciate the info.

 Hello Daniel, I have not spoken with a mortgage broker yet as we are looking at purchasing later in the year / early next year but I planned on reaching out to one soon to establish relationship with different brokers and see what they can offer me. Thanks for the response.

I am currently looking at purchasing a property in the price range of 200k - 300k in St. Petersburg with 20% down payment. I was wondering if there are any local real estate agents or investors in the area who can give me a decent idea of what I can be looking to pay in closing costs. I have heard anywhere from 2-6% of purchase price but that was not specific to St. Petersburg area. Also what all will my closing costs be covering? Thanks for any help

Hello everyone,

I have been looking on my own and asking around with friends but haven't had any great responses. I was wondering if anyone on here could recommend a great agent / realtor who specializes in first time home buyers in the St. Petersburg / Tampa area. Thanks for any help

Hey Everyone, 

Trying to find some help from some local investors / realtors in the St. Petersburg and surrounding area of Florida who have excellent first time home buyer knowledge. I am having trouble understanding the wording for first time home buyer programs in Pinellas County. It looks like I wouldn't qualify because I make more than $70,800 per year according to the Pinellas County website for 1-2 person family. Are there any first time home buyer / FHA programs that I do Qualify for? Any helps would be greatly appreciated, Thanks!

Hey everyone, I just wanted to say hi and introduce myself in the local Florida forum. My name is Jenna Michael, I'm 28 with a degree in entrepreneurial business management and a degree in photographic arts. I recently moved from Hobe Sound to St. Petersburg in 2017 and absolutely love the area. I have had a passion for real estate since I was a kid and just recently ponied up the money for a pro membership on BP as I plan on taking REI seriously. Currently I am saving up, running numbers (to the best of my ability), and plan on making my first real estate investment in 2018. At the moment, I am currently looking at the BRRRR method / renting out single family homes as there just really aren't very many multifamily option in the area that I have found.

I have a lot of beginner questions so if they seem silly its just because this is pretty new and I am trying to learn. I am very interested in networking locally and in the BP community with hopes of finding a mentor in real estate. I am interested in finding a job in the real estate field as well so if anyone has something please feel free to PM me about it. Look forward to learning from you all and hopefully contributing some useful info as well!

Is there an option to refinance the FHA loan into a conventional loan after a certain period of time and then use the property as a rental? Say that I lived in the property for the first year and rehabbed it and then looked to rent it out after the first year, would this be an option or would I just be better off waiting to improve my credit score and go with a conventional?

I am currently in the process of looking for my best loan option as a first time real estate investor. I have poor to fair credit that I have been steadily improving in the range of 615-625 depending on what score you look at and an annual salary of $80,000 this year. I think I would most likely be looking at a single family home as a rental or BRRRR in Saint Petersburg, FL or the surrounding area as I have not found a lot of multifamily options. What are the main advantages and disadvantages of going with an FHA vs. traditional loan and what would you do if you were looking for your first real estate investment if you were in my current situation? Thanks for any help!