“Keeping our Multifamily Home”

      “Keeping our Multifamily Home”

 

 

 

Joe

 

My daughter and son-in-law referred me to you, they told me that you have dome a couple of mortgages for them in the past. My husband and I are looking to move out of our multifamily home to a single home. We are not planning on selling, but keep the property for rental income. We want to know how much of a mortgage we can get. Please call me so that I can go over any information you need.

I need to know the pre-loan qualification that’ll help me in what direction to go..

Thank you, Mrs. XXXXXX

 

These folks took advantage of receiving income from their tenants. They let their tenants help pay their mortgage. This is one of those investments that will just keep on giving.

Once they purchase a home, most of the mortgage payment will be paid by the tenant that will be moving into their current apartment. Very wise investment for sure.

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 6 commentsJoe Petrowsky • November 30 2018 07:44PM

Comments

Yes, wise investment that will help them for years.

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) 2 months ago

Good morning Joe. A worthwhile investment for many that keeps on giving. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 2 months ago

Real estate rental income still has the biggest tax benefits of any other type of investments including stocks, mutual funds, precious metals etc hands down for over 200 years!!!

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) 2 months ago

Good morning Joe. Sounds like a wonderful situation for these smart folks.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 2 months ago

HI Joe Petrowsky ,

This is a great way to go and getting smart advice from you is a real plus.

Posted by Sheri Sperry - MCNE®, (928) 274-7355 ~ YOUR Solutions REALTOR® (Coldwell Banker Residential Brokerage) 2 months ago

I sell quite a few duplexes to quads for investors. Great cash on cash returns.

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) 2 months ago

Participate