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All Forum Posts by: Damon Bodine

Damon Bodine has started 65 posts and replied 341 times.

Post: NYC Network=Net Worth Real Estate Meetup 07/22/23

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

Hi Everyone,

Hope you're doing great. Back with the next Network=Net Worth event of 2023. This month we'll be partnering again with our friends at the Multifamily Breakfast Club and Invest Up to bring you a great networking event. We couldn't be more excited.

Location:
151 W 30th Street 3rd Floor
New York, NY, 10019
Time: Saturday July 22nd 
10:00AM- 12:00PM
Cost: $5 Early Bird. $10 regular.
  +eventbrite fees

RSVP
: Please note we do require RSVP for this event. We do encourage you to RSVP early as all tickets were claimed in advance for the past few events.

https://www.eventbrite.com/e/multifamily-real-estate-networking-event-in-midtown-nyc-sat-0722-10am-tickets-655780586387?aff=damon

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. Open to everyone Manhattan, Brooklyn, Queens, Staten Island, Bronx, New Jersey and beyond.

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

Any questions please email [email protected] or text (347) 581-2058.

Post: NYC Network=Net Worth Real Estate Meetup 06/10/23

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

Hi Everyone,

Hope you're doing great. Back with the next Network=Net Worth event of 2023. This month we'll be partnering again with our friends at the Multifamily Breakfast Club and Invest Up to bring you a great networking event. We couldn't be more excited.

Location:
151 W 30th Street 3rd Floor
New York, NY, 10019
Time: Saturday June 10th 10am-12pm
10:00AM- 12:00PM
Cost: $5

RSVP
: Please note we do require RSVP for this event. We do encourage you to RSVP early as all tickets were claimed in advance for the past few events.

https://www.eventbrite.com/e/m...

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. Open to everyone Manhattan, Brooklyn, Queens, Staten Island, Bronx, New Jersey and beyond.

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

Any questions please email [email protected] or text (347) 581-2058.

Post: NYC-House Hacking Happy Hour 6/14/23

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

What is house hacking? “House Hacking is a strategy that involves renting out portions of your primary residence to generate income that is used to offset the cost of your mortgage and other expenses associated with owning a home. When done correctly, it allows people to live in expensive areas completely for free, or even generate positive income through home ownership”-David Greene

Savvy homeowners have been using this approach for decades to offset or in some cases completely cover their living expenses.

Join us for our the March edition of House Hackers Happy Hour. Here you will meet other house hackers and industry experts who are taking advantage of this strategy to dramatically improve their savings and investing goals.

Damon Bodine Investor Friendly Real Estate Agent is your host. Damon has worked in the New York City since 2014 and is also an active investor and former mortgage broker. He has worked all over the 5 boroughs helping buyers achieve the dream of home ownership.

Date - Wednesday, June 14th, 2023
Time - 6:00PM
Location - Online -RSVP on eventbrite for Zoom Link
Ticket Link - https://www.eventbrite.com/e/n...

Cost- Free

Any questions feel free to reach out to Damon. If you think anyone could benefit from this event please feel free to share with them. Open to everyone!

Brooklyn, Queens, Manhattan, Bronx, Staten Island, and beyond.

Post: NYC Network=Net Worth Real Estate Meetup 05/13/23

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

Hi Everyone,

Hope you're doing great. Back with the next Network=Net Worth event of 2023. This month we'll be partnering again with our friends at the Multifamily Breakfast Club and Invest Up to bring you a great networking event. We couldn't be more excited.

Location:
151 W 30th Street 3rd Floor
New York, NY, 10019
Time: Saturday May 13th, 2023
10:00AM- 12:00PM
Cost: FREE

RSVP
: Please note we do require RSVP for this event. We do encourage you to RSVP early as all tickets were claimed in advance for the past few events.

https://www.eventbrite.com/e/m...

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. Open to everyone Manhattan, Brooklyn, Queens, Staten Island, Bronx, New Jersey and beyond.

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

Any questions please email [email protected] or text (347) 581-2058.

Post: NYC Network=Net Worth Real Estate Meetup 04/29/23

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

Hi Everyone,   

Please note correct address is 

134 West 29th St 2nd Floor, New York, NY 10001

Post: NYC-House Hackers Happy Hour 05/10/23

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

What is house hacking? “House Hacking is a strategy that involves renting out portions of your primary residence to generate income that is used to offset the cost of your mortgage and other expenses associated with owning a home. When done correctly, it allows people to live in expensive areas completely for free, or even generate positive income through home ownership”-David Greene

Savvy homeowners have been using this approach for decades to offset or in some cases completely cover their living expenses.

Join us for our the March edition of House Hackers Happy Hour. Here you will meet other house hackers and industry experts who are taking advantage of this strategy to dramatically improve their savings and investing goals.

Damon Bodine Investor Friendly Real Estate Agent is your host. Damon has worked in the New York City since 2014 and is also an active investor and former mortgage broker. He has worked all over the 5 boroughs helping buyers achieve the dream of home ownership.

Date - Wednesday, May 10, 2023
Time - 6:00PM
Location - Online -RSVP on eventbrite for Zoom Link
Ticket Link -

https://www.eventbrite.com/e/n...

Cost- Free

Any questions feel free to reach out to Damon. If you think anyone could benefit from this event please feel free to share with them. Open to everyone!

Brooklyn, Queens, Manhattan, Bronx, Staten Island, and beyond.

Post: NYC Network=Net Worth Real Estate Meetup 04/29/23

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

Hi Everyone,

Hope you're doing great. Back with the fourth Network=Net Worth event of 2023. This month we'll be partnering again with our friends at the Multifamily Breakfast Club and Invest Up to bring you a great networking event. We couldn't be more excited.

Location:
151 W 30th Street 3rd Floor
New York, NY, 10019
Time: Saturday Aprll 29th 
10:00AM- 12:00PM
Cost: FREE

RSVP
: Please note we do require RSVP for this event. We do encourage you to RSVP early as all tickets were claimed in advance for the past few events.

https://www.eventbrite.com/e/multifamily-real-estate-networking-event-in-midtown-nyc-sat-0429-10am-tickets-598567480447?aff=damon

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. Open to everyone Manhattan, Brooklyn, Queens, Staten Island, Bronx, New Jersey and beyond.

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

Any questions please email [email protected] or text (347) 581-2058.

Post: House Hacking In New York City?

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

hey @Joshua Morency. its doable but you may not be able to 100% zero out your monthly expenses.   

I think the other made some good points here. 

If its at all helpful for you I host NYC house hacking happy hour every month on zoom. You're always welcomed to join.  

Post: Network=Net Worth Real Estate Meetup 03/25/23

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195

Hi Everyone,

Hope you're doing great. Back with the third Network=Net Worth event of 2023. This month we'll be partnering again with our friends at the Multifamily Breakfast Club and Invest Up to bring you a great networking event. We couldn't be more excited.

Location: 
151 W 30th Street 3rd Floor
New York, NY, 10019
Time: Saturday March 25, 2023
10:00AM- 12:00PM
Cost: FREE

RSVP
: Please note we do require RSVP for this event. We do encourage you to RSVP early as all tickets were claimed in advance for the past few events. 

https://www.eventbrite.com/e/multifamily-real-estate-networking-event-in-midtown-nyc-sat-0325-1000am-tickets-546088404117?aff=damon

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. Open to everyone Manhattan, Brooklyn, Queens, Staten Island, Bronx, New Jersey and beyond.

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

Any questions please email [email protected] or text (347) 581-2058.

Post: First time inventor in NYC area

Damon BodinePosted
  • Real Estate Agent
  • New York City
  • Posts 359
  • Votes 195
Quote from @Jesiah Martinez:

Hey everyone! I'm currently 26 years old and looking to get started on my real estate investing journey and would ideally like to purchase a multi-family home in Queens, NY. Preferably, in Astoria - but it's pretty pricey ($1M and up) and it would likely mean that I'll have to do an FHA loan. I have lived in Astoria as a renter for the past two years, so I have a pretty good connection with the area as well as familiarity.

My plan would be to live in one unit, and rent out the others. I currently make 105k and have 40k in cash. I'm wondering if this is a bit too aggressive, and if I should either look in another area that is cheaper, or focus on switching gears and purchasing a condo instead - where I can still rent out any of the rooms that I'm not using. 

I appreciate any insights/advice! 

 Hey @Jesiah Martinez i would recommend looking into community bank loans over FHA. (no mortgage insurance and lower rates). happy to connect and give you some rec's there.

Based on your income and projected debt to income ratio it might be tough to do multi family right now.   That said many. house hackers opt for more entry level condos. Ideally buildings with low common charges and existing tax abatements. 

Some other recommendations to get started.  

I would  recommend taking a first time home buyer course.   Fannie Mae offers a great one called Homeview.  Its free.    This can help you get ahold of concepts like debt to income ratio, min down payments, etc.   Its really good insight for buyers who are earlier in the educational stages.    

I also do house hacking happy hour every month on zoom if you ever want to pop by.     
Congrats on joining BP and taking the first step!