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All Forum Posts by: Rich Ramjatan

Rich Ramjatan has started 4 posts and replied 87 times.

Post: Longest lasting floors for rentals

Rich RamjatanPosted
  • Contractor
  • NYC
  • Posts 87
  • Votes 64

@Jeff Campbell

Luxury vinyl planks would serve you well . Something with a good wear layer .

@Jeff Young

I’m not sure how far $4000 will get you in real estate ( I know some will argue this )

I would pay off and start saving from there .

@Tyrone Jones

Learn all you can first before diving in . If you are new the game , spend the next 6 months learning A-Z then dive in .

@James Z.

I am pretty detailed with my scope by trade . That trade would have a number . If I am asked to further break that number down , I rarely do, and chances are you are asking my labor and material price , you aren’t the clientele I’m looking for .

Post: Is no seasoning possible?

Rich RamjatanPosted
  • Contractor
  • NYC
  • Posts 87
  • Votes 64
Originally posted by @Dan Turkel:

@Rich Ramjatan

Do you mind sharing which lender you know of that doesn’t have the seasoning requirement?

Message me.

Post: Is no seasoning possible?

Rich RamjatanPosted
  • Contractor
  • NYC
  • Posts 87
  • Votes 64

@Dan Turkel

It is possible . I am in a similar situation at the moment .

Post: Upstate NY investors

Rich RamjatanPosted
  • Contractor
  • NYC
  • Posts 87
  • Votes 64

I also am Investing in Sullivan and Ulster Counties . 

Post: HELOC on 2 unit investment property (NYS)

Rich RamjatanPosted
  • Contractor
  • NYC
  • Posts 87
  • Votes 64
Originally posted by @Jamal Irving:

@Rich Ramjatan

Signature Federal credit Union seems to allow for a HELOC on an investment property based upon their website. https://www.signaturefcu.org/P... you give me the contact for your Alliance rep that you are getting your HELOC from?

I dont think I wrote the contact down. 

https://www.usalliance.org/


Try to reach out directly to them.

Post: BRRRR course question

Rich RamjatanPosted
  • Contractor
  • NYC
  • Posts 87
  • Votes 64

@Thomas Mosely

You don’t need to pay 7k for any course . This site, YouTube, podcast, and books , you basically have unlimited free resources. If you need a course to pull a trigger on a deal , then I would say you don’t have the confidence in yourself yet and that you should continue educating yourself .

Hey BP, 

For those of you who successfully used this strategy to refinance and work around the seasoning period, what specific questions did you have for the underwriter? I read a few forum post where underwriters had an issue with the LLC (Who Holds the Note) being owned by same individual who is applying for the loan(Refinance). I Do not want to ask the wrong question, nor Do i want to start an application only to get rejected by underwriting.

I have a cash Purchase under contract and have begun shopping for lenders who can successfully complete this transaction. I Spoke to 1 lender today, and didn't seem to understand what I was talking about. I am only looking to get back my Purchase Price . 

For those interested in this strategy, check this post out :

https://www.biggerpockets.com/...