All Forum Posts by: Stephen N Workman

@Stephen N Workman Is there a specific type of lending I should be focused on?

After resigning from my job of 11 years, I decided to start travel nursing, while it is a transition to working more independent and for my self, Im finding it hard to find a lender who is willing to lend to me on varying income

I appreciate it fellas!

I appreciate all the replies. I actually did negotiate the sale price before going into contract, but I underestimated the cost of the repairs. At this point I have an estimate of the renovation cost from a licensed contractor and its more than what the property will appraise for. Perhaps I should've did more homework on approximating a rehab. In any event, this is the point I'm at now, I don't want to lose this contract but unless I can re-negotiate the sale price that will be the smartest decision.

Hey I just got a multifamily property under contract In Poughkeepsie NY, just looking for advice on obtaining insurance for the property. What kinds of coverage are important to secure?

What types of homeowner's insurance coverage should I be focused on obtaining while waiting to close on a multi-family rental property?

Hey, I just got a 2 unit multi-family property under contract. It is not the best deal so I want to take this time to figure out how to negotiate the sale price. the attorney is sorting through all the title stuff, the house is inspected, a contractor is currently working on pricing the renovation, and the mortgage is pre-approved,  what other points of due diligence should I be focused on at this time?

Hey, I'm a newly certified lead risk assessor/asbestos inspector in the Poughkeepsie/NYC area looking for an opportunity to gain work experience in the field, not necessarily looking for a job, just some hands-on training. 

@Mitch Messer, that was excellent, I appreciate it.

Can anyone share the experience of the first phone call they received from a potential seller after sending out so many letters/postcards. What things do you start with if your not 100% confident yet and still learning the business, what type of replies/rebuttals should be said?  do you steer that conversation?