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All Forum Posts by: Matt Aniska

Matt Aniska has started 3 posts and replied 4 times.

Post: Laflin, 383 E Saylor

Matt AniskaPosted
  • Real Estate Agent
  • Miami, FL
  • Posts 4
  • Votes 0

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $75,000
Cash invested: $125,000

Buy and hold.

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

Value-add opportunity

How did you finance this deal?

FNCB Bank

Post: Old Forge, 327 S Keyser Ave

Matt AniskaPosted
  • Real Estate Agent
  • Miami, FL
  • Posts 4
  • Votes 0

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $75,000
Cash invested: $20,000

Buy and hold.

How did you finance this deal?

Local bank - FNCB Bank

How did you add value to the deal?

Renovated kitchens, bathrooms, and exterior

What was the outcome?

2.2 debt service

Post: Scranton, PA fix and flip

Matt AniskaPosted
  • Real Estate Agent
  • Miami, FL
  • Posts 4
  • Votes 0

Scranton is an area where it is better to fix and rent right now. Reasoning for is because the home values in the Scranton area are low but the rents are average or above average if you are in the hill section or green ridge area of Scranton due to their proximity to the local hospitals, universities, and court house. The current market is down, in my opinion it's the time to get in because some of these foreclosure prices are near rock bottom and can't get much lower.

DM me if you need any more help

Post: New member looking for financing tips!

Matt AniskaPosted
  • Real Estate Agent
  • Miami, FL
  • Posts 4
  • Votes 0
Good afternoon bigger pockets, I am a 21 year old who recently became a licensed real estate agent in the state of Pennsylvania and have been interested in investing in real estate property for some time now. This site has taught me a lot about the business and has kept me motivated through some rough patches. I had a deal on a duplex for 80k a year back and was pre-approved for a loan higher than that, but once the contract was being written my financing fell through due an unbalance income-debt ratio. So this post is to introduce myself and ask for suggestions and ideas as how to get a loan other than a conventional or FHA bank loan. One idea I have been trying to get more info on is a Private money lender. What should be presented to a private money investor in terms of deal details. I feel this process will be similar to finding real estate listings. It comes down to selling myself and my plan to make them money. What should I include in my portfolio and what tips could you offer to a new investor like myself? Thanks for reading, and I appreciate your comments!