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All Forum Posts by: Joseph Rios

Joseph Rios has started 26 posts and replied 73 times.

Post: Back Taxes

Joseph RiosPosted
  • Investor
  • Paterson, NJ
  • Posts 73
  • Votes 16
I believe so. Like the comment above, the government always gets its money. Someone's gotta pay it, so if whoever owned the property before did not pay let's say the last 2 quarters it will most likely fall under the new owner and that is most likely going to be brought up right before closing.

Post: FHA House Hack, Is It Possible?

Joseph RiosPosted
  • Investor
  • Paterson, NJ
  • Posts 73
  • Votes 16
Does the house have a basement with a bathroom? I would do some work to have it finished and just live in the basement and rent the other units.

Post: Looking to buy more with little money down (NJ)

Joseph RiosPosted
  • Investor
  • Paterson, NJ
  • Posts 73
  • Votes 16
Hello, I currently own 2 homes here in NJ. I live in one of them and rent the other one. I would like to buy more property but there is that tedious down payment (15% Single Family and 25% Multi Family). Is there any way that the bank can finance 100% of the loan and if so, throw in a bit more to renovate the house? Or what other methods can I use to buy a 3rd home with little money down? Thank you Joseph