All Forum Posts by: John Bucci

Nice work Will - congrats. Looks like you got alot done for 60k. what's the bd/ba/ sq ft here?

How are you acquiring properties - mls, off market, auctions?

Depends on your goals, your job, etc. Are you flexible to answer calls all day and go up there when necessary? Otherwise you will have to build out a team... very doable but not easy. 

I'd recommend hiring management. They will save you money on repairs/gas, run the properties more efficiently.... and let you focus on your job or growing your portfolio. 

Is it worth saving the $350/ month to you.. Can you make that $ up at work and avoid dealing with tenants, repairs, etc.? Are you trying to get out of your job?

Everyone's different 

4 units for 160k in Newburgh sounds like a deal to me. Especially if occupied and in decent shape. Rents sound low. 

You probably will pay water though, no?

 Hi Jessica, 

not sure how this is relevant to my post.. I said that affordable rents in Newburgh will be more resistant to a downturn.

anyways...I think if you spent some time with the investors in newburgh you'd find a very conscientious group of investors. The standards and quality of housing are being raised. There are plenty of affordable apartments that are being made safer. All positive stuff..... the addition of some higher end apartments for the occasional Brooklyn or Beacon transport isn't the end of the world.  

also, in NYC people pay 3200/ month to live around the corner from a crack house....so newburgh's a steal lol 

How to Win Friends and Influence People by Dale Carnegie

Amazing book 

@Ryan Thomas Look up Ricky Carruth 

@Eder Aldana rents in newburgh will fair well in a downturn. Easier to rent an apartment for $900/mo than $2000/mo... More people will be looking for affordable rentals in a downturn. 

Don't ask much...... Listen. His story should teach you a lot. 

See how you can add value to his life or business. Build the relationship first.  

Hey Adam, if you have a good job, plan to keep it and aren't particularly interested in swinging a hammer... sounds like syndication / private lending may be a good option to get some passive income. 

Are you interested in renovating / managing rental properties?

Congrats @Daniel Krantz

What upstate NY market?  

Bank didn't make you wait for seasoning to re-finance? Was it a small local bank