All Forum Posts by: Michael Donato

Just like the title says, new oil company in Dutchess County. Chrysalis is the name of the company, we service Dutchess County, Putnam and northern Westchester. Family owned, competitive pricing, good oil and plenty of discounts. Plenty of ppl are locked in at high rates and fallen victim to the big oil companies. Shop family style and be happier. Call 845-265-2002 for pricing. Chrysalisfuelinc.com for up to date competitive pricing as well! 

Have a decent amount of capital saved up. Would like to venture off into hard money lending. If I could email/meet with someone who’s in the business I would love to pick your brain about how to start up and how the business works. Thank you. 

Currently have the option at a credit union to take out a HELOC on my current property. I'm able to buy another property with that HELOC but that bank will not refinance on the new property after 6 months BUT they will allow another bank to step in and do that refinance. Currently having problems finding a good bank that could do both so I don't have to use 2 banks. Any help is useful, hopefully I explained my situation well enough.

Currently own and have a mortgage on my house. Roughly have a little over 100k in equity on my current property. What would be the best way to borrow that money so I can buy a rental property. I don't want to refinance and have my current mortgage increase. I've heard a HELOC would be the way to go but I'd ultimately have 3 different mortgages, gaining interest on all as well. Still new to this and do not know the ins and outs of real estate investing. Any help Is appreciated.

Really would like to find a veteran investor from the Dutchess county area I could turn to for advice. Just bought my first house a few months ago (already have a good amount of equity built up) and I would like to buy something again fairly soon. Any help would be great.

As of right now the market is doing great in my area, all due to Covid. People want out of NYC so the housing prices are going up in my area. I was thinking of refinancing in a few years, wasn't sure if anyone else had any other tips to help save along the way.

So I just bought a 1 family house in upstate NY. Im currently renovating the kitchen and upstairs bathroom, hoping to build equity in the property. I’m going to have 2-3 friends living with me so I really won’t have much of a mortgage payment at all. I would like to save for another property (to make a rental) within 3-4 years. I really don’t want to wait that long so I’m looking for any tips to help save so I can get to that goal in maybe 2 years, or even less? 

Thank you guys, these are all very helpful! 

@theresaharris  examples?

So when it comes time to buy a house (I'd like to find a fixer-upper and rent it out) what are some things I should keep an eye out for? Maybe some major do's and don't's. I'd like to see how an experienced investor looks at certain things when buying a house. Obv, there are some investors out there that don't mind having major renovations when looking for a house, BUT, since I'm new and don't have a boatload of capital to throw into a house I'd like to hear some ideas of how I should approach deals and what to look for.