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All Forum Posts by: Nick P.

Nick P. has started 17 posts and replied 49 times.

Post: Ginnie Mae & LLC Transfer

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

Couldn't you refinance from Ginnie to a Freddie / Fanny first, and then i.e. a year later into an LLC?

Post: Seeking Philadelphia investor-friendly realtor

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

As the title states, seeking a recommended Investor-friendly realtor in Philadelphia. Thanks for any support!!!!  I've had great experience with Keller Williams agents, but willing to venture out 

Post: Contractors in the Indianapolis area

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

Indianapolis contractors/agents recommendations, please.

I'm looking into centralizing in a neighborhood / city to invest in. What are some up-and-coming target areas buy & hold investors are looking at?

Post: Selling a pizzeria (need realtor)

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

(New Jersey)

My friends want to sell a pizzeria and looking for a realtor that is specialized in it. Their pizzeria is in Union, NJ.

Thanks for the help....

Post: House hack w/ BRRRR ambitions...

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

Another question...

Can I sub-rent a room out in an owner occupied unit (i.e. three-unit building) under FHA?

Post: House hack w/ BRRRR ambitions...

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

@Bradley Dosch

Thank you. My mortgage broker told me that you may need to get a property at asking (or higher) and bank on the interest rates coming down before refinancing. He told me that in order to refinance at a better rate, there would need to be interest rate drops in two consecutive quarters before doing so.

Post: House hack w/ BRRRR ambitions...

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

@Andrew Syrios

Loved the article. Thanks!

Post: House hack w/ BRRRR ambitions...

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

@Scott E.

I totally understand. Only way to compete with these cash buyers is to go over asking price. Thanks for the info!!!

Post: House hack w/ BRRRR ambitions...

Nick P.Posted
  • Woodbridge, NJ
  • Posts 51
  • Votes 10

I'm finding it so hard to get my hands on a multi-family property under market value here in NJ. Owner-occupying a multi-unit with being able to Brrrr the property down the road, is next to impossible. All the properties are being sold, at minimum, at asking price. I can get the property if I go at or above asking price, but how will be able to Brrrr it and get more. I don't have enough money for conventional, only FHA, and they're guidelines are strict as all heck. Now these are only listed properties on the MLS, but don't have the time to actively drive for dollars either. How can I start my real estate journey with this initial obstacle hanging over me.

Thanks for the help.