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All Forum Posts by: Sergio Palmero

Sergio Palmero has started 3 posts and replied 8 times.

Post: Newbie from NJ looking to invest in FL!

Sergio PalmeroPosted
  • Real Estate Agent
  • Orlando, FL
  • Posts 8
  • Votes 4

@Dmitriy Fomichenko thanks bud!

Post: Car lease coming to an end can I prove it wont affect my DTI

Sergio PalmeroPosted
  • Real Estate Agent
  • Orlando, FL
  • Posts 8
  • Votes 4

Car is coming to an end in June about 3 months anyway I can prove I wont be resigning lease so it does not affect my dti?

Post: 5 unit as a Residential loan? Help!

Sergio PalmeroPosted
  • Real Estate Agent
  • Orlando, FL
  • Posts 8
  • Votes 4

@Jonathan R McLaughlin got it, you’ve been great. Looking up a few now trying to make some moves.

Post: 5 unit as a Residential loan? Help!

Sergio PalmeroPosted
  • Real Estate Agent
  • Orlando, FL
  • Posts 8
  • Votes 4

@Corey Hawkinson thanks! Im new on the forum but thats a great idea. Finding a reasonable lender on my own hasn’t been easy the’ve all been pretty strict.

Post: 5 unit as a Residential loan? Help!

Sergio PalmeroPosted
  • Real Estate Agent
  • Orlando, FL
  • Posts 8
  • Votes 4

@Jonathan R McLaughlin scared because of whats involved. From what I’ve researched you need to have a nice reserve and put much more upfront for commercial, no?

Post: 5 unit as a Residential loan? Help!

Sergio PalmeroPosted
  • Real Estate Agent
  • Orlando, FL
  • Posts 8
  • Votes 4

Hey guys Im trying to buy a multi family property but it has 5 units. I have no interest in getting a commercial loan, any way I can a residential loan. There a two homes on the lot, one is a duplex the other a triplex. Please let me know what I can do here guys!

Post: Newbie from NJ looking to invest in FL!

Sergio PalmeroPosted
  • Real Estate Agent
  • Orlando, FL
  • Posts 8
  • Votes 4

Thanks so much Derek! Will do me and my wife are actually going down there this weekend. We are looking at a property but they have had many offers so its gonna take a miracle to get. It would be great to have someone like you who knows the area better!

Post: Newbie from NJ looking to invest in FL!

Sergio PalmeroPosted
  • Real Estate Agent
  • Orlando, FL
  • Posts 8
  • Votes 4

Hey everyone here's a newbie! I currently live in NJ about 15 mins from NYC I own a multifamily me and my family live in. We are planning at some point with in 5-7 years to move down to the Treasure coast of FL and wanted to purchase a multi unit property down there but they are getting eating up fast!