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All Forum Posts by: Dennis Yosco

Dennis Yosco has started 24 posts and replied 127 times.

Post: You Asked For It! Announcing BPCON 2021 - New Orleans!!!

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128
Originally posted by @Joe Splitrock:

@Mindy Jensen I am looking forward to attending my second BP conference, BPCON2021! I just booked my flight and hotel at the Sheraton Hotel arriving Sunday afternoon. @Shiloh Lundahl thanks for the shout out. We will definitely spend some time together catching up. 

@Alexandra Hughes Pailet one request for the team at BP. Please record all the sessions and make them available on-demand to show attendees later. There are so many good sessions that conflict with each other and it is hard to pick. 

For those who attended the first conference, the format is a little different this time. You may all remember that attendance to the sessions was open choice when you got there. That resulted in some sessions being overcrowded. Literally people couldn't get into the room and it was probably a fire code violation. This time you have to sign up for your sessions when you book. That will help with overcrowding.

For Sunday night I am looking for something to do. If there is a vendor hosting an event, let me know. If nothing else I am sure a group of us could grab some drinks and talk real estate at one of the many fine establishments.  

These are the sessions I signed up for:

Monday 10-11: Establishing Market Dominance Through Search Engine Optimization with my buddy @Jerryll Noorden who told me "the more people in the room the better". He prefers speaking in front of larger crowds. Jerryll is a smart dude and guaranteed you will pick up some great tips on getting better search ranking. If you are direct marketing to buy homes, you have to attend this session.

Monday 11:15-12:15: Diversification Through Note Investing and Other Lessons From 30+ Years in Real Estate Business with @Dave Van Horn who I have never met, but look forward to attending his session. I have never done note investing so I picked this as a way to get exposed to a new area of real estate that I lack experience. There is also a short term rental panel at the same time that has @Avery Carl and others in discussion. I am sure that is an excellent session too for anyone looking to learn more about STR and vacation rental market. I saw Avery speak in the first BPCON. She did great and she packed the room.

Monday 1:45-2:45: How to Start A Podcast to Build Your Business with @Kevin Leahy @Scott Trench @Brandon Turner @Liz Faircloth @Andrea Guidelli. This session was a an easy pick with all the talented and smart people presenting. I have actually considered starting a podcast with the volumes of real estate knowledge in my head and a couple good ideas for unique concepts. All I really lack is the "how to get started" part and maybe a good co-host. Unfortunately there are a couple other good sessions at the same time including one on Tax Strategy and @Brian Burke talking about syndications.

Tuesday 10:30-11:30: 5 Strategies for Growing Your Real Estate Business (or any business) with the untaggable @J Scott. What else do I need to say? J Scott is usually the smartest guy in the room, so I am sure there will be lots of good nuggets of information. He has a ton of early content in the BP forums and has authored several books. Of course he is also the Business podcast host.

Tuesday 1:15-2:15: 10 Lessons Learned from Buying 3000 Units in 2 Years with Brandon Turner and Brian Murray. That is all they bought in two years, man they need to get hustling, haha. Open Door Capital is seriously impressive. Even with doing that many deals, they are raising money faster than they can find deals. Obviously Brandon is an amazing spokesperson for the brand, but there is much more under the hood in that business. I am interested to hear more.

Tuesday 2:30-3:30: How to Invest Using Tax Liens with my friend and fellow @Moderators @Ned Carey who I am looking forward to meeting in person. I don't know much about tax liens, so this should be interesting. @David Greene has a BRRRR session at the same time that I am sure will also be great and well attended.

There are also keynote addresses and a live podcast recording that will open to everyone. It looks like a great line up.

The Sheraton is $250 a night which is the conference rate. My Marriott rewards rate for the same nights was over $300, so yes the $250 rate is a discounted rate. If you want to save some money you can stay a half mile away for half that price. In my experience it is better to book your hotel at the conference venue, but if you are on a budget there are good hotels in walking distance. 

I have traveled the country and been to most every major city. New Orleans is one city I have never been to, so I am excited to check it out. I look forward to meeting so many of you. Anyone attending and interested in connecting, feel free to send me a connection request. It is great to know people before you get there.

 Hey I’m down to get together Sunday.  I’ll be in town around 3. I am booked jw marriot but may move it to the Sheraton. 

I love New Orleans. It’s such a fun town and it’s not all about drinking and partying. I find the locals are super nice and very open. 

I plan on buying a STR while I'm down there so I'll be house hunting in New Orleans so if anyone wants to tag along I'll be doing that wed. I have a friend who lives there and I've visited a few times.

Post: North NJ meet up, free drinks!

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128

Hey BP,

Me and Peter Vander Valk are hosting a meetup in northern NJ. No sales or gimmicks, just good conversation and good fun. We ask that you register via the link below so we can get a head count. We are providing 1 hour free open bar and appetizers up to 25 people who register only.

Please join us and lets get to chatting and networking. Let's talk about deals you've done or are doing. We want to help mastermind and work through all of our troubles. Looking forward to connecting with everyone. We will be hosting events like this monthly in different locations in northern NJ from now on.

Click here to register on eventbrite

Post: Article: "Home Flipping Rates and Profits Drop in Q1 2021"

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128

Hey Pete ,

I would say the majority of flips are stopping right now because the deals are harder to find in nj. People want market price for a house that needs a total rehab. It’s getting tougher to find off market deals that fit a flip parameter.

In 2 years I think you’ll be better brrrring a property. We should be in a downturn that would allow you pick up a property cheaper. Fix it and rent it out. In 5-7 years well be back into a higher market again so then you can sell then. If your gonna do a flip do it with in the next 6 months. After that I would wait for a correction. 

To those who say there isn’t a correction coming, explain to me how 24% increase in home values in one year is healthy when the average is 3%. 

Post: Flip or flop? Advice needed ..

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128
Originally posted by @Kayla Scordo:

@Dennis Yosco

Hi Dennis,

Thanks so much for your feedback. You make some really good points, esp selling during Christmas time.

We’re actually based out of Clifton and I see you’re in Bloomfield - we’re practically neighbors. Would be cool to connect and discuss future deals.

Of course Kayla. I grew up in Clifton and I know that area all to well. Send me a message. We are hosting a meet up.  

Post: why would anybody pay $15,000 on property taxes??

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128

Its all relative, high nj taxes but we also make a higher income. Depending on where you go in jersey the taxes get cheaper. They are still some of the highest in the country but we also make great money. 

Post: You Asked For It! Announcing BPCON 2021 - New Orleans!!!

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128
Originally posted by @Suzanne Ludlum:

@Monica Soyemi Maybe you can room share with someone from the conference. I used to do that to save on expensive rooms. It's also a great way to connect with other investors!

I have free nights at any Marriott or Sheraton right now. So its not costing me anything to stay but the Sheraton doesn't have a pool. I booked at the JW Marriott right next door for that reason.  

Post: New to REI in NJ with only 80k HELOC

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128

80k is a lot! You can find a great deal with that. What are you looking for?

Post: Looking for investment realtor

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128

If it’s on the mls it won’t cash flow for a savvy investor. In nj you need to find idf market or homes that need work

Post: You Asked For It! Announcing BPCON 2021 - New Orleans!!!

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128
Originally posted by @Alexandra Hughes Pailet:

@Dennis Yosco

Hi Dennis!

There is a networking event Monday at the Sheraton and will be like a mini “bar crawl” throughout the vendor halls! There will be lots of festive bites and drinks to showcase some New Orleans favorites.

The Tuesday event will be a parade (marching band and all!) from the Live Podcast Recording down to Bourbon Street. We’re super excited for this!

 Oooooo man am I so excited! I love New Orleans. This is gonna be such an amazing event. I can’t wait!

Post: Best place to find off-market homes?

Dennis YoscoPosted
  • Rental Property Investor
  • Bloomfield, NJ
  • Posts 138
  • Votes 128

Best bet is driving for dollars. Getting re license Will help with comps but you have to check your state to see you can wholesale or make low offers if you have your license. Some states don’t allow you to do so because you don’t have the sellers best interests in mind. So it may be better to not have your license. 

Just let everyone know your looking for houses. Someone knows someone else who wants to sell