All Forum Posts by: Chaim F.

@Francis Isabel 

Welcome to the BP community. Congratulations on your first step towards your goals, you came to the right place, there's lots of great information here.

Looking forward to your success!

@Brian Koralewski

The Albany area might be a good place to look into based on your numbers, but you should do a lot of due diligence, since not all areas are good, and make sure to have a great team there, because that will make it or break it.

Good luck!

@Danielle Golden-Banks

Contact me in private I might be able to help you.

You might get more help if you would be more specific on what you are looking for.

@Evan Ernst Hi first congratulations on doing the right things and not procrastinating.

Regarding the property you mentioned, I think you can't use the equity as a ROI, so it would make your cash on cash return would be less than 1%. The only way I would buy it would be or for a fix & flip, or if I would have extra cash that I'm not planning to live off and just thinking to have it paid out in 30 years so I can retire having that income.

Hope it makes sense.

Good luck!

@Chris Bell Thanks for your input, it's just that I'm also looking to start a steady direct mailing campaign for the next 12 months, that's why I need some advice from people that have done it. Knocking on doors is very tiring and I haven't seen much results, except on a targeted property.

@Chi-Chi Esimai Welcome to the BP community. Congratulations on your first step towards your goals. There's lots of great information here about how to get started, just browse in the forums, listen to the podcasts, ask questions, interact on the site, and by doing that, you'll get to know the people that are active in your areas as well.

Good luck!

Happy investing!

@Shakira Bell Welcome to the BP community. Congratulations on your first step towards your goals, by reading the forums, blogs, listening to the podcasts, you'll be off to a good start.

Good luck!

Happy investing!

@Richard Boyd Welcome to the BP community.

There's lots of great information here, since you still have a year to learn the game, I would suggest you to browse around BP and read the "Ultimate Beginners Guide for real estate investors" that can be found on biggerpockets.com/ubg, and check out the podcasts, there's great information there as well.

Good luck!

Thanks for your service for our country!

@Neil Stern Yes you are evaluating the property correctly, but I'm not so familiar in that area to know what's the cap rate that investors are buying in that area, but if that's the cap rate that investors are buying than go for it. Regarding closing costs in Brooklyn from a buyers prospective it shouldn't be more than 3%.

Good luck!

@Neil Stern Welcome to the BP community. You came to the right place, there's lots of great information here, you're off to a great start.

Looking forward to your success!