All Forum Posts by: Ori Holzman

Hey! :)

I am looking to narrow in on a Market for buying and holding, and would really appreciate any advice.

Looking to house hack a two or three family house. I'd likely need to change jobs to make this happen once I aquire the loan, since I currently work in NYC. I'd like to start working in construction, as I feel it's my "in" to obtaining more houses in the future. I have a wife and child, so it's important to live in a safe place.

Currently, I can get approved for about 250K if it's a two family house that generates $800 from the second unit.

Here's what I'm currently looking into or considering:

Hartford and Waterbury Connecticut.

Fort Lauderdale, Florida.

Philadelphia

Catskill Mountains

I am looking for info these locations from an investor standpoint, as well as obtaining a job in construction.

Thanks,

@Bill Plymouth Thank you Bill!!! You summed it up perfectly. Thanks for the detailed info.

@Bill Plymouth, Thanks. Any other tools as well?

I am currently looking to house hack a duplex in Waterbury Connecticut. It will need a significant amount of rehab. What are some of the best ways to check the after repair value?

@Monique Jeffries, Thanks. I think I have a bank who will work with me on an FHA 203K Rehab, but if that doesn't work out I might revert back to a bridge loan. Thank you for the great info!

@Monique Jeffries, honestly, not sure what that is.

@Chris Mason Thanks for the awesome breakdown

@Christopher Phillips Thanks for the great info! I would most likely need an FHA 203K Loan. What additional fees would I be looking at? How would I go about calculating the upfront and monthly premium cost?

Hey good evening :) 

I've been receiving conflicting info on the FHA fees, or maybe I'm just confused. Is there an upfront cost as well as well as a monthly premium? How are each of them calculated?

I am currently looking into a house hack opportunity in Connecticut. The loan would probably be about $200,000. What would be the breakdown in cost? (In reality, the purchase price is about $150,000 with another $50,000 in construction. I understand construction loans have a whole different set of rules, but I'm trying to keep it simple, to better understand the FHA fees.) 

Thanks for your time! 

Hello :)

Looking for multiple general contractors for a complete renovation job on a two family house in Waterbury, Connecticut.  It's an old house, built in the 1930's. Three Bedrooms, two Bathrooms, living room, dining room and kitchen in EACH in each of the two units.

Please recommend only those you had a really good experience with. 

Thanks for your time.