All Forum Posts by: Lior Rozhansky

@Lydia 

@Lydia S.yes, it's strictly for first time home-buyers. There are also restrictions on income qualifications and the maximum value of the loan you can take out. 

Hi BP, I am looking at using the Masshousing loan for my first single family property (for buy, hold, and rent out) in MA. On a high level, it seems really attractive as I can get a loan with 3% downpayment and no PMI or use the LPMI program where the lender pays the MI (I know I qualify for the loan). My question is, what is your experience or thoughts on such a loan? My biggest concern with this is is the higher interest rate you get, which I've seen can be around 5.2% instead of the 3.6% rate you can get with a conventional loan and 20% down. Have people that used this found that this increased monthly mortgage payment made it difficult to obtain their desired cash flow? One of my criteria is to get at least $150 cash flow a month on this rental, so I'm worried/curious to see how this increased mortgage payment may/has affected cash flow (leaving out other factors I need to account on the income and expense side).

Hi, my name is Lior and I'm 22 years old. Though I love my day job as a management consultant, it often requires 12+ hour workdays. I became interested in investing so that while I put the long hours in consulting, the money I earn can also "work" for me. This can expedite all my college loan repayments and create a steady income flow I can rely on when I hopefully enter the exiting yet risky world of start-ups. I chose real estate investing over heavy stock market investing because I believe the outcomes of my investments in real estate are directly correlated to the work and dedication I put in them (something I am no stranger to as a former biochemistry major). Thus, I am now fully dedicated to real estate investing to achieve my financial goals. I learn best from interactions with others, so please do not hesitate to contact me.