All Forum Posts by: Christine Schleo

I am a newbie who is in the phase of narrowing down my market, evaluating deals and preparing funding. In the meantime, my personal home sits on 24 acres of woods and has a barn, although it is just outside the nearby village. While the barn sits close to a well traveled main road (and neighbors) it is in great shape and is nearly 5,000 square feet. Everyone who visits the barn asks what we are going to do with it. So that is my question to you BP. As the creative and innovative investors that you are, what ideas do you have for making some extra cash with my barn?  The zoning is residential, but I could get a home occupation. Thank you in advance! 

I am also doing some research on the Philadelphia real estate market as a potential investment location. What is the rent like in Breeze Point? Most of the homes seem to be 3 bedroom 1 bathroom in that area. Are most of the rehabbed homes being sold or rented? There seem to be quite a few. Thanks for the help!

Thank you for sharing! Sounds like you are really honing your skills. Look forward to hearing about your future deals. 

@Paul Birkett, great post! My husband and I are intrigued by the note space and are learning more about it. I appreciate you sharing your experience. Do you have any intensive workshops you can recommend? 

Hi Everyone! I'm located in Orange County but I am looking to invest across the river (Putnam or Dutchess). I'm currently looking in the Poughkeepsie market because I like the college town aspect of it. Would love to build up a network of BP investors in the area so thanks for the post!

@Eric Hrlbock Sorry another question! Any RE agents that you recommend?

Awesome info, thanks @Eric Hrlbock! Sounds like you are on your way. I can't wait to get started. My husband is pretty talented so we will be doing a lot of repairs ourselves but saving time is always great. @Tyrone L. Robinson Thanks for the offer! I like the idea of college campuses. They are one of the only industries seeming to boom these days! 

Thanks for the reply @Eric Hrlbock Do you typically buy multifamilies or single families? Are you doing any section 8 rentals, student rentals, or to families? I work in the city so it's hard for me to make it up to Poughkeepsie for the meetings on Wednesdays, but I'd like to! 

Also, any thoughts on projected appreciation? I know not to bank on it but I'd love to hear thoughts from other BP members

I am from and currently live in the Hudson Valley. While I think the Hudson Valley is a fantastic place to live, I feel like the general population trend is to move closer to NYC or to get out of NY and move down South. Since multifamily properties in good neighborhoods closer to NYC are cost prohibitive, I have no choice but to buy and hold further north (Orange, Ulster, Putnam, Dutchess) or to consider long distance investing. We have ties to Wilmington, NC, including a real estate agent we trust, but is market is too hot right now to get into? We also have ties to Deerfield beach, Fl. The houses are SO cheap down there, but I'm unfamiliar with the rental market. I'm also not sure if the rental markets in Orange, Ulster, Putnam, Dutchess are strong enough to make the investment worthwhile due to the high taxes. In particular, I'm thinking of Poughkeepsie or Highland Falls. Is Poughkeepsie in an upswing or a continued decline? I would appreciate ANY feedback on the rental market in the HV or Wilmington, NC and would love to connect with other investors in these areas. How are vacancy rates? Are you finding solid tenants? Am I just being overly negative or justly cautious? I want to make sure my first deal is a good one for the long term as much as possible. Thanks in advance BP Community!