All Forum Posts by: Aundre Oldacre

@Theo Hicks , @Danny Randazzo , @Tyler Kastelberg We are starting a real estate fund investing in acquisitions in the NYC area. I'd appreciate it if any of you could send me a deck as well thanks.  

I'm doing a quick survey and want to know how many keys you carry on your ring? Thanks in advance.  

I'm looking for a good property manager to manage my 3 family in Yonkers, NY. It would much appreciated if anyone had a good recommendation. 

@Greg Downey Thanks. I know I'll have to put some cash up but if I can use the equity it makes the project a lot more doable with out have to take on partners or investors. 

I'm looking to do a knock down a property I own and buy next door to building a 24 unit apartment building in Brooklyn. Will commercial lender allow me to use the equity from the 2 buildings towards my down payment. I know most traditional lenders want 20-25% equity in the deal.   

Hi all-

I'm a self-employed media professional that switched to a full-time real estate investor over the past year. I use the BRRRR strategy and did a full gut renovation last year on a 3 family in Yonkers, NY. I spent 200K on the renovation along with buying a truck for my media business. The property is now cash flow positive $2700/mo but most banks need 2 years rental history on tax returns to count the income. So the mortgage is counting against my debt/income but the rent isn't. I have a HELOC of 500K on my primary and trying to pull out another 500K. The LTV and credit scores are fine as the property is worth 2.1M but I keep getting denied or counter-offered. My best offer so far is to pay off the 500K and receive an additional 190K. I'm looking to get the full 500K as I have a great deal I'm looking to purchase. Any suggestions on banks in NYC that can qualify my rental income and see that the gut renovation from last year was a one-time expense?

If this property is still available please PM me.

I just closed on a 3 family in Yonkers, NY and looking to do a full gut renovation asap on the property. If anyone knows a good and reliable contractor that works in the area please let me know. Also if anyone has a good contract for construction I would greatly appreciate that was well.  

Thanks,

Aundre

I'm buying from a wholesaler and needs to close in a week.  Still a good deal and worth the effort for the return.  

Buying a quick turn around short sale in the Bronx all cash.  Need a lawyer, appraiser, title search. Need to close in 14 days. Please reach out if you can help with any of these areas and expertise in NYC thanks.