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All Forum Posts by: Ryan C.

Ryan C. has started 13 posts and replied 76 times.

Post: DSCR Loan Recommendations?

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

@Simon can you please send me Ryan young’s info if he can do a dscr loan in Virginia?

Post: DSCR Loan Recommendations?

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

@Tracy Keffer can you please send me your dscr loan recommendation to? Hopefully not Lima one.

Post: Reliable contractor HAMPTON, VA

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

@Joanne thank you!! I’m still looking for a couple more so I can get a good list!

Post: Reliable contractor HAMPTON, VA

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

I am looking for an affordable and reliable contractor in the Hampton, VA area that can be trusted to do some minor work in a new town house.

Work would include clean out, painting, deck and some other basic stuff.

Any help is greatly appreciated!!

Post: How much to leverage when refinancing ?

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

@Tim Delaney thank you. Orchard park by the stadium. The neighborhood has been good to us with are rentals. You are absolutely right about the rents being higher. They should be 1200 a piece. Now is the hard part, raising rents that high for people that have been there for 4 plus years!! I have always raised them 4-5% yearly but as you know, this pandemic has driven rents through the roof.

Post: How much to leverage when refinancing ?

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

@Joshua Janus thank you!!!!

Post: How much to leverage when refinancing ?

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

I hope I posted this to the right forum?!?! I purchased a duplex for $165k several years ago and owe 136k on it. I current collect $2050 in total rents. I cash flow around $800. The property is valued at around 300k. I’m able to pull out $225k, which in turn lowers the cash flow to roughly $250. Should I do this or leave more equity in the property? This is a first for me fully leveraging a property and lowering cash flow that much. I will be using the money for additional properties. End goal = quit the 9-5 and live on cash flow.

Any direction is greatly appreciated. Thanks in advance!!

Post: New Hartford, NY Apartment Rentals

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

@Ryan C.anyone??

Post: New Hartford, NY Apartment Rentals

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

Is anyone familiar with the New Hartford, NY area, suburb of Utica? Looking to see if anyone has experience in the rental market there?

Post: How are people scaling so quickly

Ryan C.Posted
  • Buffalo, NY
  • Posts 82
  • Votes 25

@Patrick Britton I’m interested in hearing how you scaled that quickly. Was it in a market as hot as the current one?