All Forum Posts by: David Kiszka

@Chris Lawlor The market is still hot but there are still deals out there to be found. Interest rates are always something to keep i mind but the important part is to figure the rated into your budget. Locking in a long term rate at 15-30 years now is a great idea and if rates do go down in the future you can always refinance. Please feel free to reach out with more questions. 

@Juan Contreras It is definitely possible to do the BRRRR method in the Capital District. On market deals are a little harder to come by but they are out there. You could have some luck with off-market adverting but that is a bit harder to do unless you have lot of time too dedicate to it. As for pulling you money out. Are you asking if it is possible to get your 150K back out after refi or your initial money out plus 100-200K? You can definitely get most of your money back if you do your numbers right but I would not count on getting an extra 100K above what you put in. Feel free to reach out if you have any other questions.

@Alex S. 1% may sound like a lot but if that is what you have to get to do the deal TAKE IT! Make sure that the numbers worked with the higher interest rate. If you are in a desirable area with constant rent increase and increases in property value, you will not even notice the extra interest after a year or two. 

@Anthony Buccanero getting your license will be active work. There is nothing passive about real estate sales. Using your real estate commissions to buy rental properties and build wealth is a great investing path. Every state is different as for licensing and how you go about it. I would suggest once your start taking your classes, interview with 3 potential brokers. See who will be the best fit for what you are looking to do with you license. The broker you work under is very important to help guide you. Getting clients is your responsibility but once you have them coming in your broker will help you get on your feet with transactions. Hope this helps and feel free to reach out if I can be of more assistance. 

@Jared Becker Unfortunately an agent can only do so much. They can help keep everyone on task by following up with inspections, contacting the lender weekly to get updates, contact the attorneys weekly for updates etc. Trust me, as an agent myself I want a deal to close as fast as possible as a listing or buying agent. There are are so many other factors at play that could be out of their control. If on the other hand they are not being responsive at all when you reach out, try other means of communication. I would follow up with a call, text, and email. If all else fails, reach out to their broker. This is the last resort but sometimes it comes to this to get the ball rolling if they are not being responsive. Hope this helps give you some guidance. 

@Katherine Tilley House hacking with an FHA loan is the way to go to get into real estate investing. Each city has their own positives and negatives. If you are going to owner-occupy, I say it really depends where you find a house that you like better. The second part to determine is your budget. You can find similarly prices homes in each city as they are only a few miles from each other. Other local cities like Rensselaer and Watervliet are nearby and have a strong rental market and many owner-occupy multi-family. Each city will have their own nuances when it comes to rental units, code enforcement, and other tenant regulations. I am an agent just outside of Troy and work in all the the cities listed. Feel free to reach out if I can be of assistance.

@Chris Lawlor How did you make out? Are you still actively looking for a house hack? Depending on your area the markets are starting to change. More inventory is becoming available and in some areas, prices are starting to stabilize. Your best bet for a move in ready home may be on the market listed with an agent. Fell free to reach out if you have more questions. 

Hi @Christian Butler! Are you looking specifically for Western NY or other student rental markets in NY? The Albany (Capital district) area has lots of opportunities if you are open to other areas. In addition to student rentals, we have a strong market for young professionals and government jobs. Feel free to reach out if I can be of help.

I am looking for an realiable, investor friendly accountant in the Albany, New York market. Who would you suggest?  I am looking to grow my network so that I can give referrals for clients. I would prefer the person to be located in the Capital District but as long as they are knowledgeable about New York State tax code we should be all set.

@Jamie Brayton Do we have the next one scheduled yet? I need to get this on my calendar!