All Forum Posts by: Alan Zee

@Jessica Wygal

Hi Jessica, that would be great. 

@Cody L.

Are these MFR or Single? What types of neighborhoods are your properties located in?

Thanks Nate. New York property tax is slightly under 1% in NYC. In Long Island is closer to 1.5%.

So a 1million dollar property ( we’re talking 1800sq ft 3 bed 1.5bath) nothing fancy RE tax is $10k. In Long Island is $15k taxes.

Also even though the property tax is high, Texas has no state income tax. New York City has state and City tax. Which adds up to 13%. Of all the municipalities in the country, I believe only SF has a higher income tax rate. 

Hi BP, I need your advice. My family and I are planning to move to Texas. I’ve narrowed it down to Dallas or Houston because in NYC the prices are out of control. A single family house in my neighborhood is $1 million on average. Something I cannot afford and don’t want to. It doesn’t make any financial sense to enslave yourself for next 30 yrs. Luckily, i bought a duplex about 10 miles away 7 years ago when the market bottomed. The price has doubled so the Return on Equity is lousy now.

I want to take this property and 1031 into a multi family in Texas. From what I sourced and researched online tells me Houston has more Multi Family properties. Dallas has a lot of condos and SFH. I want to self manage the property and grow my portfolio. I want to able to scale but SFH will take forever. Can someone familiar with these 2 markets give me some advice? Am I correct on these markets? Appreciate it.

@Chris Martino

Just sent you a PM.

Hello all, I’m new to the Philly market and would like to network with some wholesalers in the area. Does anyone know of any that they can recommend? I’m looking to buy and hold 2-4 families. Thanks

@James Wise

hi there James,

     First off, congrats on your success. I know you are very active on BP as well as Youtube among others. What I am looking for is an agent that hustles! Like you, you are a hustler...and i'm a firm believer that if you hustle hard, smart, and long enough you will succeed. The relationships aren't built overnight. I just think in the past 3-4 years you have alot of action in RE and many folks jumping onboard to ride the wave. Barrier entry is low. 

I know you are in the Cleveland market- I live in NYC but currently invest in the Cincinnati market. But I'm open to Cleveland ( A/B neighborhoods) if the cash flow is there. Ideally, I'm looking for 8-20 units with some value add opportunities up to 1M. Cap rate of 7% and cash on cash of atleast 12%. I also know you're in the property management space as well - if you are open, we can have a quick chat. 

Hi all, I’m an experienced real estate investor from Queens. For the last 2 years, I’ve been looking into northern New Jersey for buy and hold multi families. The problem is I come across a lot of inexperienced agents there. Many of them just started in the industry. Many never owned a home, let alone invest. They send me deals that I can source myself on loopnet. Any wholesalers or agents out there with at least 4-5 years experience that can really add value? The last 2 agents I “worked” with are now in a different field since they couldn’t hack it. Others simply don’t answer their phones. So, im left to search on Trulia &zillow myself. Any suggestions?

@Jill Savva Hi Jill, I’m looking for multi family in Northern Nj for cash flow in Hudson and Bergen county. Im an experienced Investor. Let’s connect. Thanks Alan Coremgt@gmail

@Brendan Markle Hi there Brendan, I’m looking to work with an agent with investment experience tO B& H in Philly.