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All Forum Posts by: Carmelo Lopez

Carmelo Lopez has started 3 posts and replied 22 times.

New Member Introductions

Post: Newbie from Northern NJ BRRRR

Carmelo LopezPosted
  • Real Estate Agent
  • Kearny, NJ
  • Posts 24
  • Votes 27
Thank you, Craig.
0 Votes
New Member Introductions

Post: Newbie from Northern NJ BRRRR

Carmelo LopezPosted
  • Real Estate Agent
  • Kearny, NJ
  • Posts 24
  • Votes 27

Hello,

My wife and I are looking to purchase our first home. Were loolong to purchase a multifamily home in Hudson County, Harrison NJ to be exact, using an FHA 203k loan. BRRRR is what we have in mind to eventually do.

We've considered a few options:

*Purchase a pre-forclosure/short sale & renovate 

*Convert a single family into a multifamily 

*Buy a piece of property and construct a new multifamily 

Whichever path we choose to go, we would like get insight/feedback/advice from BP member's who have  traveled down this road. 

Thank you in advance for your input! 

1 Vote