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All Forum Posts by: Martin Morales

Martin Morales has started 3 posts and replied 45 times.

Post: Dropping out of High School.

Martin MoralesPosted
  • Investor
  • Brooklyn, NY
  • Posts 47
  • Votes 25

I do have a High Diploma, but no formal education e.g Associates, Bachelors, etc, however, I do own a decent portfolio rental portfolio... At least finish high school-  My suggestion, go to college and network... get a good paying profession while building a real estate portfolio, that your job is more optional than mandated... and In your 30's you should be stoned called wealthy, educated and retired. 

Post: Bank loan on a 75k property or less, is it possible?

Martin MoralesPosted
  • Investor
  • Brooklyn, NY
  • Posts 47
  • Votes 25

WellsFargo financed me 6 homes for less than 50k- in less than two years

@James Perdomo and yes i had the pleasure in seeing their project!! great job! 

Post: Should i wait until next year to buy my first property?

Martin MoralesPosted
  • Investor
  • Brooklyn, NY
  • Posts 47
  • Votes 25

Like Brandon Turner says..."take action now" ...take advantage of the calculators, listen to the podcast & network on BP! 

One less appliance you're held accountable for. If you own multiple properties, then the extra fridge will go into another unit. I had appliances go bad and tenants try to place the burden of spoiled perishables. 

lehigh valley investor for 15 years, im interested

Allentown PA now requires permits on water heaters. never was a concern before; now it's required. 

Post: Allentown/Bethlehem Pa investors

Martin MoralesPosted
  • Investor
  • Brooklyn, NY
  • Posts 47
  • Votes 25

Anthony, I'm a bullish investor in Allentown PA- currently signed a contract for a 4 unit yesterday, and currently have a decent portfolio. Are you still hunting for deals?

@Dennis M you had me and my wife laughing!!! great letter! 

Post: Tenant not payed and not answering, help!

Martin MoralesPosted
  • Investor
  • Brooklyn, NY
  • Posts 47
  • Votes 25

Start the eviction process immediately...trust me I've lost 10k for being a nice landlord on giving tenant breaks. don't make the same mistake, get rid of them now