All Forum Posts by: Eury Vargas

@Ravi Reddy I would suggest looking further into the company and getting a sense (if not actuals) of revenue to determine how well the company is doing. This is why the NNN lease world ties closes with public companiesbecasue it is easier to evaluate the risk.

Another risk with NNN can sometimes be the utility of that property to another user. If this tenant were to default could you release easily or will you have to make major improvements to fit it out for a new tenant.

Hi Erica, I know some private lenders that may be able to help but depends what you are looking at. What kind of property are you looking at and what is your plan with the property? Feel free to PM me if you'd like.

@Erica Raby

OFF MARKET GREENPOINT, BROOKLYN 8 UNIT MULTIFAMILY

8 - 2 BEDROOM UNITS

5 - FREE MARKET

3 - RENT STABILIZED

7 UNITS OCCUPIED

1 VACANT UNIT

MANHATTAN VIEWS

FREE MARKET TENANTS RENTS CAN BE INCREASED OR TURNED OVER QUICKLY BECAUSE THEY ARE ALL ON MONTH TO MONTH LEASES.

ASKING : $3,250,000

PROJECTED GROSS INCOME: $198,000

EMAIL ME OR CALL ME FOR DETAILS & PICTURES

[email protected]

484-387-2128

Hi All, 

Are there any wholesalers in NYC on here? If so, let's talk!

Eury

@Account Closed Hi Mario, I am active in Allentown, Bethlehem and Easton. I know Allentown best of the three and depending on your strategy you should be able to get better then 7% CoC.

There are certainly area that are better then others. I would stay away from area between 2nd street and 6th street in central Allentown. 

Hi Harrison, 

I am very active in the Lehigh Valley and live in NYC. You are absolutely right the cash on cash returns are much better in PA. If you are interested in hearing about the Allentown/Bethlehem/Easton market and possible returns PM me.

Good luck!

Hi Kevin, I am also a young real estate investor living in NYC with access to deals in PA as I practiced real estate there before moving here. PM me, Let's connect and talk about what you are looking for and how I may be able to help.

Hi Brian 

I think this deal would be much more attractive if you were able to get it under contract around 90-100k. As Joe mentioned in that area you can probably rent at about $1200 and 8-10% vacancy is fair. 

I am active in the Allentown market and also live in NY. Lets connect sometime.

Great Post! 

When you get the property under contract do you have some time of contingency so that if you are unable to identify a tenant you can back out?