Hey, from Syracuse,NY

[Dave Charron]

Ive been on for a few weeks now and never thought to introduce myself, so here it is...

I've been mostly a buy and hold investor for about the last 8 years. I have since sold all of my rentals and currently own my residence and my business property of which I operate my main stream of income (landscaping business).

I am now interested in buying and rehabbing properties during slower times of the year. My existing crews and myself are capable of doing almost all the rehab work ourselves. I will only have to sub out a few things.

I actually made a cash offer yesterday on an REO and Im currently waiting for a response. So if I get this one I'll be off and running!

[Dave Charron]

The rentals I owned (26 units in 5 buildings)were in not so great parts of town. Therefore the prices were attractive to me and as a novice investor I jumped on the opportunities. The locations of these properties resulted in a low quality tenant which needs more management time. Evictions every month, then the cleaning up and painting, and the general chasing the tenants for rent took more time than I wanted to devote to the rentals. I felt the time needed to manage these high maintenance properties was not paying off as well as I hoped. I hope this paragraph alone will open somebodys eyes to the additional work needed when buying in the low income parts of town.

After selling all my rentals I took a year or so off of real estate and I am now ready to dive back in.

I will at some point purchase buy and hold properties again but they will be in better areas in hopes of getting quality tenants, or I will use property management services. I DO see the value in long term rentals.

For the immediate future I plan to focus my time on flipping REO's or other distressed properties. I have extensive construction experience and my own crews that allows me to take on almost any single family rehab project.