All Forum Posts by: Damon Bodine

Hey everyone.   Looking forward to tomorrow.    Just fyi if you can't find the group feel free to text or call me at the phone number in the event description.  

Would add to the chorus of folks thats talking about looking into single family and also low down conventional loans. Also just fyi there is a front end DTI ratio and a back end DTI ratio that lenders look at it. The ratios depend on the loan program you're getting into.

Hey everyone. less than one week away.   looking forward to seeing/meeting you all.   As always feel free to invite anyone you know that might be interested.   Have a great day

@Suzanne Player I'm seeing a little bit of everything.  Lots of people coming back that went away temporarily last year.   I even went away myself for a few months.   Not necessarily from any particular occupation.   For me in business a lot of my long term clients (people i've been working with for 2-3+ years)  realized in 2021 they can't time the market and ultimately decided that they just wanted to take advantage of low interest rates.  I think that propelled things a bit but it also should give people confidence to see real estate having such a good year despite the pandemic.   As much as has been written about the suburb sale explosion what i've seen is a lot more 2nd home purchases rather than people just permanently moving out of the city.   Obviously everyone is going to have a different experience but I don't a significant number of people talking about moving to the suburbs right now.  

Hey @Tim Swen. Very cool that you're getting going on the journey.   We all deal with analysis paralysis so don't beat yourself up too much.   Would be happy to chat anytime if I can be at all helpful to you.  

Feels pretty strong to me.   By far had my best year in career.   All of our landlord clients are renewing  or executing new leases at higher numbers.     Seems like every house thats priced right has multiple bids.    Builders are filing construction permit all over the boroughs.    In my personal life almost of all of my friends are getting paid more than they did a year ago.   I'm seeing a lot more people riding bikes, organizing neighborhood cleanups, volunteering.    That said I consciously do not watch the news unless its specifically related to my business.   I'm just focused on doing my small part to create a positive impact. 

@Fahad Hilmi. Looking forward to meeting you Fahad.   Thanks for catching that!  just fixed.  

Hey @Fabio Costa plenty of people do it.   Here are some things I would suggest considering. 
#1. What is your rental competition in the area.  For example how much higher end rental competition is there in the neighborhood/train stops.
#2.  What kind of in building rental competition you're dealing with.   I.e.   Are other buyers currently holding units as investment property.   
#3.  Does building management charge fees to process/approve rentals 
#4.   If you plan to hire a rental broker have you consider how the debt service coverage ratio might be effected by paying a one month broker fee.   
#5. How has the rental market trended over the past 2-3 years.  
#6. What kind of new construction is in the pipeline in the area.  
#7.  Hows the retail market.  Are there new restaurants, bars, coffee shops etc opening up.
#8.   As far as the apartment itself would consider things like what floor is the unit on,  what is your view, if multiple bedrooms are they winged, do you have in unit laundry.   Just a few of the things that might impact your resale.    

Many more but those some of the key  things past clients of mine  have considered. 

Hi Everyone,

Hope you're doing great. Back with the November edition of our network=net worth meetup.  Thanks to everyone whose been coming out to the last few events. 

This month we'll be meeting in Williamsburg at Starbucks right off the L train.  

Location: Starbucks -Williamsburg 
154 North 7th Street, Brooklyn, NY, 11211
Time: Saturday November 13th
10:00AM- 12:00PM
Cost: FREE
How to find us: We'll plan to meet on the left side of Starbucks once you come in by the long round table.  Usually the seating on Saturday mornings is pretty open.   If you can find the group feel free to text me Damon -347-581-2058
RSVP: In order to help us get an accurate headcount please RSVP -   https://docs.google.com/forms/...

Many believe the most important skills in real estate is learning to build your network.    Our meetup traditionally draws a mix of investors and real estate professionals of all experience levels.  Our group is about positive encouragement and low pressure good vibes. 

Please help us build this up and tell anyone you know.

Any questions please email [email protected] or text (347) 581-2058
Brooklyn, New York City, Manhattan, Queens, Staten Island, Bronx

hey everyone a ton of people in the park today and the fountain is not running. So might be a little confusing.   Here is a photo of helpful.