All Forum Posts by: Frank Ventresca

@Robin Simon im afraid im losing out on potential equity on my property with another product that is not IO. Is that accurate thinking?

Hello

Hope you are well

Is it worth it to refi? I’m claustrophobic about the IO and wondering if I need to make a switch. Other dscr refis put me at a higher monthly.

Appraised Value $700,000.00

Sales Price $680,000.00

Loan Amount $544,000.00

Payment $3,966.67

TERMS

Tue In 480

Interest Rate 8.750 % Interest Only Months 120

Total Payment (PITI) $4,832.78

APR % 9.065 % Margin % Index % Floor Rate

Floor Verbiage

Convertible: No

PREPAY: YES

1. Hard 60 mths 5.000%

BUYDOWN: NO

Hard Prepay Period 60 mos.

@Zach Gallagher @Tia Ricketts can you share your contact please i am in need

So I actually refi’d and bought all my properties a couple years ago. (2 refi, 1 bought) While I don’t have that much equity yet In them, two of them will appraise for much higher. Im not sure if I want my mortgage payments going up however— but I’d have to see if it’s worth the additional income on new property to justify.

That’s a great idea on quorum heloc. I have an email out to them thank you! @Nathan Grabau

Hello All,

Looking to get some advice on navigating up to my next level:

- I aspire to have consistent cash flow to begin building/renovating several properties per year.

currently I own 3 properties. One that I live in and two that cash flow. I do not have 25% down payment for most conventional/commercial loan products, but want to be active buying and investing. 

What is my easiest barrier to entry? Can I find a syndicator with that’s willing to partner with 0 money down? Should I go hard money for 100%? I feel like it’ll take so long to get 25% on most of these properties.

I’m in the Massachusetts area by the way. If anyone is looking to partner up, I have vast experience as a RE broker and many property leads that are cash flow positive!

What app did you end up going with?

The location is East Boston, MA

$1.26M

Property 1 (3 Minute Walk to Maverick MBTA Station!)

Property 2

2,043 sq ft

Please let me know if you have any further questions. [email protected]

Greetings

Was wondering if anybody believes they are "Deal Analysis Gurus" and would mind if I could send a deal their way for quick analysis. Bonus points if from Boston/Massachusetts.

Thank you!

Frank

@Stephanie P. Thanks for your feedback! I have heard that there is less red tape with a commercial loan.. would there be a product on the commercial side that you know of that I could look into with less risk?

Greetings

I've been part of the BP community for a while. I have a couple questions I hope you all can help with. I am a newly realtor full time (part time 3 yeas) and thus have no w2 work history at least that isn't 3 months old. I own a 3 family in Boston MA that has rental income and also a condo in Boston. What are some ways I can get funding for an additions property? Right now I have two separate conventional loans and I was wondering if possible to convert to one portfolio. Thoughts? My goals are more doors more buy and hold. Ideally I'd like to buy two or so properties a year and ideally one day have 100 properties one day haha.

Your help is much appreciated!

Best

Frank