All Forum Posts by: Evelyn Pecho

Hi! 
I have a great project for Contractors at the Greenwood Lake area NY. A total remodel of the 3 bd house with lake views. Chosen contractor will have tons of marketing exposure once the property is done. So looking for the most efficient and reliable contractor to start a business relationship.

Please contact me and lets make this  happens. 
Regards,

Evelyn 

Hi BP Family, 

Looking for great residential, investor friendly, contractor. 

Job entitles full demo and new construction of 2 floors of a single-family home in Greenwood Lake. 

Permits ready, and incentives included for a quality job at the fastest pace possible. 

 Please let me know if you are interested or if you can recommend someone. I know investor hold their good contractors like gold. 

But I am looking to do an exchange if the trade is worth it, after all, we are in this network to help each other.

Thank you!

Hi David,

Thanks again for your kind advise. You are right, I should not ignore the facts. I will follow that... I will keep you posted. 

Thank you for your feedback. Yes, mi biggest fear is the I might be emotional about it. However, I am not afraid of the work or commitment, the questions is ? when do you know you are being emotional about it?

Hi everyone, 

I am looking in the Greenwood Lake , NY area. My first goal was STR, but as a new investor. I am tight in money- barely can cover down payment. Now I found a single house,3 small bd and 1 bath with a ok view of the lake. It needs at least 30k to make it marketable in the area for long term. So far the high interest rate gives me no cash flow after all expenses.
I found it after six months of searching. After looking at the 40 airbnbs in the area … I see I won’t be able to make it airbnb ready for another 2  years. So should I pull the trigger and spend all my capital and savings ? Or should I wait for something else here or anywhere else. I feel that my low budget won’t let me get anything else in good location as this one. Does anyone know this area? How is the equity in this area? Equity vs cash flow? 

 Conner,

Thank you for the note. I have the tourism market in mind, but I am not sure how to check what areas have strong market, besides the few obvious. 

Please let me know if you have any further info on how to find this data. 

 Mauricio,

Thank you for the comment. Yeah, I thought about targeting this group too, but I am concern of the higher risk here. Anyway, I do always have an open mind, so I am not discarding this option. 

Thanks again.

I am fairly new invertor, just looking into my second REI. After looking into many deals in the past 4 months I found that in my area ( NJ) its easier to invest in STR, just because there is not enough supply on multifamily properties. Given all the info/ data about the inevitable inflation coming our way, if not already here, and I concern about the STR investment.

The STR deals that I am looking into is near a very visited park/lake, where STR continues to grow, but I am afraid that this STR factor is too risky as it is very linked to the waves of the economy. Could anyone share their experiences on this type of STR?

Thank you in advance...

Thank you for your detailed reply. Yes, I agree, it is better to spend the money to have everything correctly in place. I have already followed the given advise, but not looking into wholesale just yet. BRRR/ short term it's my focus now.

Thanks again for the advise.