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All Forum Posts by: Marcony Simoes

Marcony Simoes has started 10 posts and replied 40 times.

Post: Commercial Loan Options

Marcony SimoesPosted
  • Investor
  • Fairfield, CT
  • Posts 43
  • Votes 19

@Kathy Calderini sure,

Perhaps I should have been clearer on my post. I currently own a single family home under my name and I'd like to refinance this home into an LLC.

Hope this helps to clarify! Thanks!

Post: Commercial Loan Options

Marcony SimoesPosted
  • Investor
  • Fairfield, CT
  • Posts 43
  • Votes 19

Hi All,

Looking for commercial lenders that would entertain loans under $100K. That is proven to be a difficult find. Any recommendations would be appreciated. Thanks!  

I will actually be up there this Saturday also, finalizing a few things on a rental. I will PM you my cell. Feel free to call or text when you are in the area. 

Hey @Neo G. Wang!

I invest in Waterbury also, not commercial, I have a few single family homes and a condo there . I think waterbury is great for cash flow, although appreciation might take a while.

I’m up there quite often, happy to meet up and discuss some ideas if you’re interested.

Congrats on the deal and good luck!!

Post: Investment Property Waterbury

Marcony SimoesPosted
  • Investor
  • Fairfield, CT
  • Posts 43
  • Votes 19

Buy and Hold

Post: Investment Property Waterbury

Marcony SimoesPosted
  • Investor
  • Fairfield, CT
  • Posts 43
  • Votes 19

Investment Info:

Single-family residence buy & hold investment in Waterbury.

Post: Connecticut REI advice

Marcony SimoesPosted
  • Investor
  • Fairfield, CT
  • Posts 43
  • Votes 19

@Dominique Long i currently have 4 rentals in Waterbury, 1 condo and 3 single families. It has been working out great, all the points made in this thread are valid, taxes are high in Waterbury but there are some good areas with strong rents. i tend to stick to 06708 and 06704. Hey @Holly Scanlon nice to see you around here! :) 

Post: -New IRS info today! - 20% QBI Deductions on rental income...

Marcony SimoesPosted
  • Investor
  • Fairfield, CT
  • Posts 43
  • Votes 19

Happy to see this post,  I don't yet have a full understanding of this new deduction and I'm actively trying to learn more about it. If anyone here is able to share their thoughts on this topics it will be greatly appreciated.

Post: BRRRR with High DTI

Marcony SimoesPosted
  • Investor
  • Fairfield, CT
  • Posts 43
  • Votes 19

Thanks everyone that contributed to this post, I have started working with a commercial lender!

Post: BRRRR with High DTI

Marcony SimoesPosted
  • Investor
  • Fairfield, CT
  • Posts 43
  • Votes 19

Thanks Lee! are you able to recommend a commercial lender you have worked with in the past?