All Forum Posts by: Mario E Gonzalez

Quote from @Khemraj Sarju Jr.:

Good morning, you are in a great spot to start acquiring investment properties with the DSCR method. We assist clients with this nationwide. Love to see this project grow!

DSCR are way higher than the regular rates, how would i even cash flow with one of these loans?

Quote from @Chris Webb:

Hi @Mario E Gonzalez, are you married? You mention the Fam and I am just trying to understand your situation. Have you looked at markets in NC/TN or PA? Take a look at each one for a week and figure out what the average CoC return is. Also, talk with a Lender and get your financing in order. I thought I would need 20% for my latest HH and I only needed 5%. In fact, I just called to remove my PMI less than 2 years later due to appreciation. Getting a multi-unit would be an excellent choice, in fact, I convinced my wife to do this on our next purchase to eliminate or reduce our monthly costs. I would also get involved in Facebook groups in the area you are looking for, they sometimes have deals that you can discover off the market. I just discussed a 12-unit building in TX that was not for me, but I was able to answer some initial questions to figure it out. Good luck!!

hey,

not married, live with a bunch of my cousins uncles mom etc its a single fam but allows me to save $ if need be to make a second purchase. i have look into PA and at the time, got beat out on every deal and took a break (during covid). i have not in NC/TN, just researching those states so far and getting to know the process so far. i cant get a lender yet, once i lock in a area, i will be able to. thank you

hello all,

i recently landed a WFH job and have around 100k capital for down payment and other closing cost. No debt and live with fam in north jersey.

i am not interested in NJ investing as this state wont ever cash flow unless some basement rental or off market deal that is very good.

my options i see is either the following

1. buy in PA to HH then move back home to fam and repeat the process slowly buying single with adu or duplex per year putting down 10% down

2. move to NC/TN a place i never been to but according to the data is nice and growing, hitting all the right points for growth. Buy a 2 unit or single with adu, rent out the rooms out on airbnb to help pay for itself.

im looking for physical real estate ownership non of this REITS stuff or partnering up deals or hard money lender bull.

looking for a solid plan where i can come out with 5 to 7% cocr AFTER putting aside 10% PM,5% Vacancy, 10% for both capex and repairs.

hello all,

i recently landed a WFH job and have around 100k capital for down payment and other closing cost. No debt and live with fam in north jersey.

i am not interested in NJ investing as this state wont ever cash flow unless some basement rental or off market deal that is very good.

my options i see is either the following

1. buy in PA to HH then move back home to fam and repeat the process slowly buying single with adu or duplex per year putting down 10% down

2. move to NC/TN a place i never been to but according to the data is nice and growing, hitting all the right points for growth. Buy a 2 unit or single with adu, rent out the rooms out on airbnb to help pay for itself.

im looking for physical real estate ownership non of this REITS stuff or partnering up deals or hard money lender bull.

looking for a solid plan where i can come out with 5 to 7% cocr AFTER putting aside 10% PM,5% Vacancy, 10% for both capex and repairs.