Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Alexander George

Alexander George has started 10 posts and replied 48 times.

Post: FHA Loan vs. MassHousing (for Massachusetts)

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

@Sean LeBlanc Are you still working with a MassHousing related lender? I would like to get some questions answered about the program. Thanks.

Post: FHA Loan vs. MassHousing (for Massachusetts)

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

@Kimberly Ciaramicoli No I have not!! Any updates on to this would be great, as it is now 2019. I believe some of the terms discussed about MassHousing have since changed.... 

Post: Massachusetts

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

@Mike Bean I will send you a PM... we can definitely learn together, as I too have been working on learning the key metrics for Worcester.

Post: Massachusetts

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11
Originally posted by @Mike Bean:

Bare bones and getting $1650?? I mean Shrewsbury St. is definitely a desirable location but wow. I need to find some 3 deckers with those kind of numbers.

I put together a spreadsheet for the analyses and am having a hard time finding places that would cash flow for me (even at my higher estimates for rent). I'm using 10% PM, 8% Vacancy (1 mo.), 5% repairs, and 10% CapEx. Are these decent numbers? And do you know a good method for estimating utilities?

 I believe @Brian J Allen will be able to give you more accurate representation of some of these numbers.

Post: I hate College, I’m ready for real estate.

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

@Joe Villeneuve was making some great points just by asking you to be more specific. It is too easy to say "I don't need this." and refer to anything other than what interests you as "petty work". 

You will always have, what I believe you refer to as, "petty work" - in every single field. 

@Nick Quarandillo - Most of us here have been where you are. Sure, you could think, "What's this guy know? He probably followed the pack." Sure, I have a FT tech position that I am now working to get out of... but I decided to hustle on the side... and this weekend alone resulted in five figures for me, "on the side". 

You decide and do what's best for you. 

You are not having a college dilemma. You are having a life realization. 

It's the annoying crap, the petty work, the difficult professor, the not knowing what you don't know until you know, that actually teaches your subconscious to deal with whatever life throws at you - not necessarily the specific subject matter of an assignment that has got you annoyed, looking for an easy escape on a real estate forum.

Good luck.

Post: Bill introduced to shield unpaid federal workers from Landlords!

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

I would take it easy, forgo the late fee, etc. This nonsense over a wall cannot last forever, and you know the person will be back to work sooner than later. Just my two cents.

Post: Basement apartments on Long Island NY

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

I can confirm one thing... Long Island is the land of the illegal basement apartments. Cost of living is insane, and every one is illegally renting out a part of the house to make the bills. I have seen this in many of the communities with the "mini mansions". 

Post: Commercial Investing: How to understand an market COLD

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

If you were going to analyze an area cold, say moving from never have visited to purchasing a commercial property, what are some of the tools you'd use to determine various data, such as;

  • Demographics
    • Who is moving there?
    • What major companies are moving there might increase the population of workforce housing?
    • Are families moving or singles?
  • Incentives
    • Tax Incentives
    • Development
  • Property Specs
    • Expected absorption rates for apartments
    • Price per sq ft. / Price per unit
    • Rental comps
      • Retail
      • Residential
      • Office
      • Warehouse / Storage

Additionally, what other data not mentioned would you consider crucial to understanding an area and in your decision making?

Post: Multifamily Investing in MA

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

I'll add here for more analytical discussion... 

Take the recent listing in Greendale, 11 Ericsson St., an interesting listing but seemingly way overpriced. @Brian J Allen, your thoughts?

Post: Anyone interested in a New York meet up?

Alexander GeorgePosted
  • Rental Property Investor
  • Greater NYC Areas, NY
  • Posts 50
  • Votes 11

I'd be in favor of a Suffolk County one at this time.