Never invest in residential property in NY2, Never invest in residential property in NYand if you forget 1 or 2 above then3.

I already have a primary residence and another quadriplex, so this would be my second rental property.

I’ve represented several out of state buyers, and even one out of country buyer, who purchased investment properties here without seeing the property first. 

Does the Owner verify information on estoppel certificate or does your property manager or Realtor?

Second - let's assume, for hypothetical purposes, you used an FHA loan to purchase a multifamily property. 

I'm looking into a platform named Pad Split as I have a property that would probably work well for that in Florida.

Hey Casey, Property leads its been the one performing good for us.

This includes getting comps or an appraisal to verify value, lenders title insurance,  a proper note and mortgage,  and you must be listed as a mortgagee on the borrowers property insurance policy.Our lending criteria in our lending business caps our loans at 65% of the after repair value and we control all rehab funds as we hold them in escrow. 

Texas had some hurricanes and I have properties (Market value $300K, Roof damages $25K).

I inquired about the area codes they prefer, the types of houses, the kind of work they are looking to do on the properties, and other details that would help me locate a deal for them.