All Forum Posts by: Juan Gago

Hello all,

So I read the beginners guide, the multifamily article and case study. I am kind of feeling saturated with alot of information so forgive me if I tend to ramble at the moment. I have been looking at multifamily properties just in the NYC Area and have seen many places especially on realtor.com that list properties. However there really isn't a total monthly income price listed per unit. Is there a good site I could reference in order to find out approx. rent for that area or would I have to contact a local property holder to find out?

Also, I know in a podcast with Darren he suggested getting a property that is close to a transit hub. Is this one of the most important thing to look for or is it the neighborhood overall (crime rate, schools, venues).

thanks for taking the time to read this,

Juan Gago

@Darren Sager thanks for the advice, I am working through the beginners guide now while I am reading the supplemental articles attached as well. I definitely need to setup the keyword searches a bit better in order to hone in on exactly what I am looking for.

I am seeking to find an affordable duplex in the NYC area as law enforcement for NY requires New York residence. I am just not sure which borough is better to invest in. I was thinking Brooklyn or Staten Island to begin looking but I am honestly not sure.

hey guys,

thanks for the welcome, the step by step guide on how to buy a multifamily property was great along with the webinar. It definitely gave me some insight into the dynamics that go into buying a property that I had no idea about. I am just curious about the ins and outs of financing in the tri-state area and what options are available to me.

And John I didn't even know there was a group that meets in N.J. I'll definitely check it out.

That is awesome, have you ever tried filing for an FHA loan? I read about that as being available as well, but not entirely sure how that works.

As for me now at this point I would not be able to qualify for a loan on my own as I am still seeking a steady source of income at the moment. This summer I have a seasonal job and I am going to try and save enough for a down payment approx. 5000 dollars for a multifamily property. My credit is good, as I currently have quite a few loans under my name that I pay off regularly.

I just know once I secure a full time job with a steady source of income I would like to start out investing in a multifamily property.

Hello everyone,

My name is Juan and I am currently a 22 year old guy 1 year out of college. I graduated with a dual degree in Psychology and Criminal Justice. ( kind of wishing I took a business major with focus on Real Estate) lol

But anyways, I am currently seeking work in the law enforcement profession and I have always been interested in real estate since I was early on in college but I had absolutely no idea how to go about it.

I am interested in learning how to invest in a Duplex/Triplex/Quad because at my age I believe it would be a benefit to start out taking a mortgage and having renters pay all or part of my mortgage via their monthly rent. (how to go about this I am still trying to pick up)

The strategy I am looking at right now is basically just to buy and hold the property until I get more skilled in the real estate field.

If your still reading this thank you very much for taking the time too,

I hope to learn as much as I can from this community.

Regards,

Juan