All Forum Posts by: Account Closed

@Gail Greenberg and @Jay Hinrichs ,

Ladies,

This is exactly the basic discussion I have been having with myself about this issue, just in more simple terms..

So - Thank you(!!) so much for all the information; it's great to hear both sides of the coin from the 'real world' transactions that you have been involved in. These open discussions are truly the best thing about Bigger Pockets!

Since I know the buy and fix process well - I have just been thinking about the difference between selling the note and simply selling (flipping) the house.. but if I understand you correctly - you are actually fixing up the house - selling it with seller financing, and then - in case the note does not perform - then you sell it? I mean - if you sell the note as a performing note - then what's the point of doing seller financing to begin with? why not just sell the house for profit and get it done with? Just making sure I understand you correctly - @Gail Greenberg.. also - how exactly does a Land Contract work?

TIA!

Great to know Anthony Uva, the NJ Expo looks very interesting, Thanks!

Thanks Tim, I'll look into it .

Tracy - Thanks for your response,

Hi all,

I have followed Bigger Pockets for a few years now, starting out with my first SFR rental in 2014 (5 hours drive from my location, which is VERY expensive to invest in) then moving on to some Multifamily properties, then managing them all by myself (again - 5 hours away), then learning to apply the BRRR strategy (which is Genius by itself! - Thanks Brandon..:)) .. So after a few years of being a hands on investor and property manager, I got tired of low income tenant damages (in some of the properties) , and losses, not to talk about the headaches, and have decided to screen through my properties and sell the ones that are taking too much of my time and attention (forgot to mention that I am also a mother to 3 school age kids..), while keeping the best operating ones.

I have been listening to podcasts about Note investing and enjoyed the financing aspect of the deals I have done before, and I feel it should be my next step, as I have learned to deal with the RE investment risks and losses, but not sure where to start.. I have read the "Note investing made easier" book by Martin Saenz, which is Awesome! but for the next step, I'm not looking for expensive seminars.. Any other recommendations on books, or resources that can help me buy my first note?

Looking forward to hearing your feedback,

Thanks!

Hi BP, I am looking for some advise on where to find REO's in Long Island NY to flip.. Thanks!

Yes, Jason, you're right, my next step is a visit! Just wanted to check out what the BP community has to say..:-) And - Josh, thanks for that too!

Well.. I'm reading discussions about a "dead city".. After some manufacturing plants have moved out of the area due to increased NYS taxes etc.. and many jobs were lost.. Not sure if there is new development or investment in rehabilitation and creation of new workplaces.. I feel it's a struggling city.. Am I wrong? (In Syracuse I own some single and some multi..)

Hi Jerry, I own now in Syracuse, looking to start in Rochester.. But I read some bad things about Rochester.. Looking for some insights from local investors..

Hi everyone, I am looking for some advise about Upstate NY - I own some small properties there, but is it a good time to buy an apartment complex? Looking into Rochester.. Thanks!