All Forum Posts by: Emanuel Papadakis

Hello anyone from South Portland, Maine that is investing in Multi-families? I am looking into getting a few Tri or Quads but I have some trouble finding good deals. Also, any meetings coming up?

Congrats! Keep it rolling

Cristina would you mind adding me to your REiA list. I recently moved here from NY and looking for some good meet ups. Thanks!

So, here is my dilemma. I moved to Maine 2 weeks ago and I put my house for sale, which I had for 2 years in Westchester, NY with lots of traffic but no offers. My current mortgage balance is $332,000 (4.1% apr) and the estimated appraisal is approximately $389k. ($8500/yr property taxes). My monthly mortgage is $2650 with PMI and insurance, since I put 10% down with a conventional loan. Current rental rates in the this area is approximately $2750 according to rentometer for a 4br/2ba. Do you think I should rent it out and refinance pulling the equity out to do another deal or continue to sell? Thanks!

James Sweich, would you please share your info with me? Looking for a CPA that's diverted in real estate also. Thanks

If not we should arrange a meetup

You mean 6k/yr and 500/mo. Did you factor in CapEx (even though it's turn key), maintenance (lawn care), property management, utilities etc. I would use the BP rental calculator for obtaining a more accurate analysis.

Cesar,

Is this event still in open?

Hello Chris they are honest tax returns. I have 3 kids and a SFH and travel 100+ miles a day with lots of traveling expenses associated. I am in a position where i have to go with what Travis mentioned regarding finding sellers financing or just pay more taxes and write less off. Thanks for your reply

Travis i do not mind the straight talk. What do you think would be a good amount to claim on the returns in order to qualify for a decent amount to purchase a property worth up around the 300k-400k range? Would FHA be out of the picture? I appreciate your feedback and time.