All Forum Posts by: Account Closed

Investment Info:

Single-family residence buy & hold investment in Bellport.

Purchase price: $245,000

What made you interested in investing in this type of deal?

For long-term generational wealth.

How did you find this deal and how did you negotiate it?

I found it on the MLS.

How did you finance this deal?

With a HELOC & Conv loan.

How did you add value to the deal?

Cosmetic repairs

Lessons learned? Challenges?

Alot of back and forth with the lender

@Elizabeth Southall repairs on your personal property, they will decline if the money is used to purchase real estate.

Hello everyone, my name is Tony Shiwprashad, and I am a buy and hold investor in Suffolk County, New York. I am looking to add to my rental portfolio, so if you or someone you know have a property that I may be interested in, please feel free to reach out to me. @tandjqualityhomes tandjqualityhomes at gmail

Thank you

Hey, Gloria, congratulations. I'm also an investor in Suffolk county looking to expand my network. Let's connect.

Hey, @Danny Smith the key to finding deals is all about the network.

Looking to build my network in Suffolk County NY, let's connect.

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*This link comes directly from our calculators, based on information input by the member who posted.

OK thanks, will look into it

1. @Jaysen Medhurst appreciate the feedback, 
2. Closing cost I did 5% of the purchase price, 
3. Vacancy I agree with you,
4. In NY the landlord is responsible for the water based on my knowledge,
5. Insurance is roughly $1k - $1200/yr,
6. Tax amount from the county website,
7. $150 misc is for gas and landscape
8. hope this helps   

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*This link comes directly from our calculators, based on information input by the member who posted.