“Buying a Second Property”

  “Buying a Second Property”

 

 

 

Hey Joe, I will wait a few months but then I want to start brainstorming ideas on how to get a second property lol. I will need your help once again. Mind boggling to me, my mortgage payment is $1756 a month and my tenant is paying $1400 per month for rent. I probably could have gotten more, but want to make sure I had a tenant with a secure job.

My first experience of buying a home was amazing, my boss was right!

 

 

The demand for purchasing investment properties continues to be very strong. On the flip side because of the pandemic, there are many tenants that are not paying their rents and many landlords are getting discouraged and will sell these properties. Which means there will continue to be a supply of multifamily homes hitting the market.

 

 

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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 1 commentJoe Petrowsky • September 18 2020 12:40PM

Comments

Good morning, Joe Petrowsky  I think there will be an increase in distressed sales.... those who have tenants who don't pay and decide to bail out to not drain savings....

Posted by Barbara Todaro, Previously Affiliated with The Todaro Team (RE/MAX Executive Realty - Retired ) about 1 month ago

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