All Forum Posts by: Simon W.

Is this a timeshare unit?

Gary Kuang I just wrote a long post and it didn't go through via iOS app. Feel free to msg me. But overall, wholesale is not as easy as these members make it out to be.

Gary Kuang I live in NYC and it is an extremely tough market. It is best to invest elsewhere or get a job and save enough for a 450k building and apply for FHA.

Whenever I hear/read property management software I think of accounting. I am the most familiar with Yardi and MDS. They are pricey but they do wonders. You seem like you have enough properties for a property management firm or accounting firm to handle it for you. I see so many investors focus on doing these stuff on their own and they take too much time figuring it out instead of actually investing. Delegation is key. Good luck!

Originally posted by @Joseph Pugliese:

Hi

I am realtor on Staten Island as well and to be honest to get 8 cap rate is very difficult in this area , but I sure it's out just have willing to invest in some of the areas with future upside in my opinion

 I think the whole 5 boroughs of NY is pretty much low on cap rate.

Thanks for the update. 

Can you send me pictures?

@Charles Worth - i don't think there is. He is an agent. He is just "listing" it here.

I don't get why landlords or commercial property owners want to do their own accounting/bookkeeping.

Hiring a property accountant/accounting company would be better so they can use their time on finding the next deal.

@Gita Faust

 My company will be using any softwares our clients will be using. It just makes things easier for them. I personally take Yardi over any software, BUT it is so expensive.ee