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Updated over 11 years ago on . Most recent reply

User Stats

75
Posts
19
Votes
Greg Potter
  • Duplex Investor
  • Syracuse, NY
19
Votes |
75
Posts

New member from Syracuse NY

Greg Potter
  • Duplex Investor
  • Syracuse, NY
Posted

Hello Bigger Pockets community, my name is Greg and I currently live in Syracuse NY. I work in operations in the banking sector. I currently own a two family property in Syracuse and two single family homes in Memphis TN. I'm looking forward to meeting, learning from, and sharing experiences with other investors, as well as increasing my real estate portfolio and involvement.

Most Popular Reply

User Stats

75
Posts
19
Votes
Greg Potter
  • Duplex Investor
  • Syracuse, NY
19
Votes |
75
Posts
Greg Potter
  • Duplex Investor
  • Syracuse, NY
Replied

Ned Carey, James Vermillion - Thanks for the welcome messages!

Mehran Kamari - Yes, my two Memphis properties were purchased through a turnkey provider. I've read a few threads on BP stating in general turnkey providers tend to be expensive and there is more money to be made putting together your own deals however I've been quite pleased with my results thus far. I don't think 17% and 19% cash on cash returns (after expenses) are all that bad considering how easy the process has been. With that being said as much as I enjoy real estate I'd like to get more involved in my next couple of deals.

Brandon Turner - My plans are to do more investing, most likely my next move will be to purchase another single family through the turnkey provider I do business with in Memphis. I'd really like to transition out of my current career and into real estate full time I'm just not sure what that transition looks like for me. One of the things I am hoping to get out of the BP community is networking with other investors, seeing what strategies and business models they are using, and finding what would be a good fit for myself.

More generic overall goals are to increase the rental income to the point where all regular life bills are covered and I'd like to eventually get involved in a large project, something like the conversion of a downtown high rise building into mixed use. The idea of taking an unused, dilapidated old shell and turning it into ground floor retail, some office space, and 40+ residential units is very intriguing to me.

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