All Forum Posts by: Vishal D.

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yes it is. as long as there isnt a tub/kitchen...which there isnt.

It's 3 units and all 3 are occupied...I renovated the basement and currently reside there. so 1st floor - 3rd floor are rented. sorry for the confusion

750...not a whole lot in nyc :( maybe jussttt maybe a closet in someone's studio.

I do live in the unit, but all 3 of the units are rented. I've redone the basement. Ive owned it for 5 years now.

Hello...long time reader...first time poster..
I'm considering purchasing a 2 bd condo in Jersey City New Jersey and I'm looking for the best way to finance it.

I currently own a 3 family apartment building in Brooklyn NY with about ~280k left on a 323k mortgage. The place is assessed by the city for 550k+ I'm thinking about taking a HELOC and using the money as a down payment on the condo and using some of the money to purchase a REO or a foreclosure property that should be less than 50k in an area not too far from me. What would be a reasonable amount ($ amount I can get and rate) to expect from the HELOC? My credit is great and so is my income from work....

Thoughts/advice?

no thats new york...;)

great advice Eddie. Certainly make it seem very very easy. Thanks!