All Forum Posts by: Tarcizio Goncalves

Hi everyone,

I am lucky enough that if I drive 1.5 hours outside my area, there is a good chance I can purchase a property for cash. I’ve been studying for the past 4 months about real estate investing and am ready to purchase my first buy and hold owner occupied small multi-fam investment property. Two weeks ago I was pre-approved and have been looking at properties (haven’t put in an offer yet). I would like to ask you all a question that I started thinking about just now

Should I purchase my home with a FHA 3.5% down payment or pay it in cash? If I do a cash transaction, I plan on refinancing later to pull my money out and invest on another property. Through my research, I found that refinancing and pulling my money out will get me the best rate, the best price for closing cost, and best tax write off. Can someone please confirm if this is true? What is the waiting period after I buy until the time I can pull out my money? When I refinance, do I only get out 80%, more, or less of what the property is worth Maybe buying cash and refinance is the best way to start to build by portfolio instead of putting 3.5% down (on my primary residence then 25% down for investment property)? Any guidance will be extremely helpful.
Thank you all

Thank you @Natalie Schanne

Hi everyone,

Last week I went to my second real estate investment meet up in my area and several people suggested I create a business card. I am an aspiring buy and hold real estate investor and am looking to buy my first owner occupied multi (3 or 4 unit) and hopefully a few more after that.

Since I am an aspiring real estate investor, what information should I put on my business card? Should I just put my name, my gmail email account and my phone number? I don't have a company but after purchasing my first deal, I am planning on putting it into an LLC. Should I open the LLC first and then put the LLC on the business card?

Any advice would be extremely helpful

Thank you

Thank you again @Anthony Thompson

Hi everyone,

Can anyone please inform me if there is a Real Estate Investor meet up in Rhode Island? I searched in BP and couldn't find one. 

Thank you

thank you @Lucy Bettencourt

@Mary Shawcross Thank you so much

@Anthony Thompson thank you very much

@Anthony Thompson thank you so much for all your help. This is great advices. 

Thank you @Patrick Wheeler. Dumb question: east side of Providence, are you referring to East Providence?