All Forum Posts by: Hogarth Louis

Hello BP community,

I’m trying to find local contractors & lenders in the NYC area (specifically Brooklyn) who have successfully renovated/repaired properties through the 203K loan. 

Obviously, I’m looking for reliable, professional contractors & lenders.  I’ve contacted a few 203K loan consultants as well. However, only one of the consultants has recommended anyone. He recommended only one contractor which makes me hesitant. I prefer a list because that makes me feel like the 203K consultant isn’t bias or getting any financial incentives from the contractor. My logic may be flawed in some ways about this.

I'm also looking for some lenders who are well experienced and successful in the 203K loan area. I've looked at the "203K Endorsement Summary" on the HUD website to find a list of experienced 203K loan lenders. However, I'm looking to see which lenders who serve the NYC area are highly recommended by the BP community.

Any additional recommendations or information about the 203K loan process would be greatly appreciated. 

I appreciate your advice and will take them into account during my NYC journey.

I’m actually using 3 different PMCs right now in OH on 4 of my properties. This is my way of truly differentiating between their services and professionalism. I’ve used all of them for less than a year now. My plan is to evaluate all 3 for 1-2 years and then make a determination on who will manage all my properties after that time. 

Thanks again. 

Hi BP community. I’m looking for recommendations for real estate agents, contractors, property management companies, lenders in Brooklyn NY. Thanks 

Hello BP community. I’m looking for some assistance finding a real estate agent who is also a RE investor in Brooklyn NY (preferably) or NYC. I’m also looking to set up a RE investment team (contractors, property management, lenders, etc). I’d appreciate any recommendations. Thanks 

Investment Info:

Single-family residence buy & hold investment.

Three bedroom and Two baths, single family house.

What made you interested in investing in this type of deal?

The Cashflow potential and longterm appreciation

How did you find this deal and how did you negotiate it?

Friend

How did you finance this deal?

Bank Mortgage

Investment Info:

Single-family residence buy & hold investment.

Three bedroom and Two baths, single family house.

What made you interested in investing in this type of deal?

The Cashflow potential and longterm appreciation

Investment Info:

Single-family residence buy & hold investment.

3 bedroom, 2 baths single family

What made you interested in investing in this type of deal?

The Cashflow potential and longterm appreciation