All Forum Posts by: Emanuel Papadakis

Question: I am trying to figure out how to finance 4+ unit MFH investment properties as a 1099 contractor thru a bank only. Currently I own a SFH with 58k equity at a LTV of 83% and have approximately 25k to put down. My yearly tax returns would not qualify.

Let me know dates! I'm in.. Cortlandt manor here

Welcome to BP

Hello I am taking online classes to get my real estate license here in NY, thus far I have completed 10 out of 75 hours. I feel I will have more competitive edge by having more control over the transactions and having bigger leverage on selling properties with agents. I would also be able to give higher commissions to sell my investment properties to agents or try to list it myself. Any other thoughts? 

Sharon Vorholt on BP podcast #12 gives a good way to do wholesaling 

Congrats on a tremendous job!

Hello I am not new to BP but have been idle for 2 years because of procrastination and life. I am looking to get my feet wet and get in the game of investing in westchester county, NY area, that is why i upgraded to PRO. I would like to network with like minded people who have the drive and ambition to succeed in REI.

Thank you all for your feedback. I will start reading some books before taking the dive and learning how to structure by business module. I will also be purchasing the 2 books that J Scott has out as it seems very good.

What do you guys think about these books:

The Millionaire Real Estate Investor - Gary Keller

FLIP: How to Find, Fix, and Sell Houses for Profit - Rick Villani

The Unofficial Guide to Real Estate Investing - Spencer Strauss

Investing in Real Estate - Gary W. Eldred

The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad Advisors) - Ken McElroy