I'm Sanusi Kamara from New York City, passionate about real estate investing for 5 years.

Quote from @Marcus Auerbach: If you are a new investor, print this and read it once a day.

Hi there,I've read several forum posts about noise complaints and everyone's feedback has been really helpful. 

The interest rate on the triplex is 7.5%, but because I took out a construction loan to help offset renovation costs, my lender says the ARV was already baked in, and a refinance would not make sense on that property either.

How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions  thank you everybody for your help!!

There are good areas for rentals in pockets all over town so don't think of this like a big city where you might have to narrow down your area to one suburb or specific area of town.

I am looking to buy the home myself to help my mom out and use it as a learning experience for my first investment and keep my mom as a tenant. 

If you’re in the area and would like to meet up for coffee or lunch to talk real estate, or just connect, I’d love to hear from you.

Your in the right place to get the knowledge needed and experience from others as they story tell on the forum page.

Hello, my name is Gottfried Sianipar and my wife and I has been interested and researching about real estate investing for a couple months now.