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All Forum Posts by: Austin Negron

Austin Negron has started 28 posts and replied 51 times.

Post: Ending the Stigma of On-Market Deals

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50
Originally posted by @Mike Dymski:

"Off market" is the most overused term in real estate.  True off market is when the investor goes directly to the owner.  Most everything else is just marketing spin.

 This is so true...it's too bad that it has become more of a buzz word and less of an opportunity. This causes investors to lose out on many opportunities! 

Post: Ending the Stigma of On-Market Deals

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50

I believe that is a good approach because you essentially have nothing to lose. 

Post: Ending the Stigma of On-Market Deals

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50

Call me crazy but I've noticed there seems to be a misconception about the idea of on-market vs. off-market deals. I've noticed it specifically in the Boston area - a majority of investors (and it seems like the less-experienced investors) won't even peak at a deal if it is on-market. While under the perfect conditions, you can certainly find great off-market deals at the right price, but by and large, they tend to be the exact same price if not more expensive than on-market deals because the sellers will charge a premium to not take it to market. Some investors seem to be caught up in the idea of less competition but ultimately there are many properties on MLS that have very little competition, with very motivated sellers, putting potential buyers in an extremely leveraged situation - and essentially function exactly like an off-market deal.

Like I said, there are definitely times when you can get off-market deals at a steep discount, but this is a larger pattern I've been noticing...what do you think? 

Post: Covid bail out, who is bailing the landlords out?

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50

I completely agree. Government intervention and reoccurring stimulus package seem like a good idea in the short term, but this is ultimately destroying our economy and real estate market.

If the government would let the market be, there maybe would've been some missed payments for the first month or two, but by-and-large, the market would've naturally worked this out and set us up for longterm success. 

The continuous government bailouts are hurting Americans significantly. 

Thoughts?

Post: Newbie from Boston, Massachusetts (actual Boston, not "Boston")

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50

Hi Timothy. I'm an Investor and live in Boston. House-hacking is a great idea, especially where you're at in life. I've helped 3 people pull-off house-hacks in Boston and the surrounding areas. Wishing you the best of luck! Let me know if you need anything. Happy to have you apart of the community. 

Post: Boston Meetup 10/27/2020 6PM EST

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50

What's up my fellow New Englanders, we are planning to host our 1st in-person meet-up since CoRoNa ViRuS with beautiful, charming, and savvy individuals. Currently, we are planning to meet at Christian's farm in Kingston. Word on the street is that there may be some fire-pit action going on.

If you would like more details feel free to reach out to me. We're also open to alternative locations. In the meantime, see you at the farm!

We welcome any and all backgrounds, but if you try to sell me some multi-level marketing scheme we will toss you in the fire-pit.

See you soon!

(484-664-8852)

Post: I need help with this Chelsea Investment

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50

What's up everybody. So, I have a predicament. I found a property in Chelsea with a very motivated seller. The seller originally wanted $2.4M, which was way overpriced. However, the listing agent has informed me that the seller is looking for any offer (even if it's a few million lower than his original expectation). There is so much upside and so little downside to say an offer in the $1.2-1.4M range. Getting between a 8-12% CoC and 20% ROI. I am a realtor in the area and have 7 units in Atlanta, so I know how to run these numbers. The problem is that my 21-year old self can't make an offer for $1.2M for obvious reasons (I don't have the money.) I am so confident in this deal. I wish I could put an offer in myself and at least get the conversation going. Not to mention, it's been on the market for over the year, and essentially have no competition.

WHAT SHOULD I DO?! Where can I find someone interested or more importantly, is there a way I could make an offer on it?? If anybody is interested, I'm happy to provide all the numbers, financials, and other crucial information. SEND HELP!!!

Post: Looking to find Boston networking groups

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50

Hello! 

I am looking to network with more Boston investors and I was wondering if you guys knew of any of these groups in particular.

I am grateful for any suggestions you may have. Thanks!

Post: What's the best way to find a KP for ATL area?

Austin NegronPosted
  • Investor
  • Boston, MA
  • Posts 55
  • Votes 50

My business partners and I are looking to facilitate a syndication deal. We have access to capital, solid deal flow, and we can effectively underwrite deals.