All Forum Posts by: Mark Wright

@Zhila Hoo I believe NY has a mandated “attorney review” period and either party can cancel during this period for any/no reason whatsoever. Has this period passed?

Most contracts do have it as a contingency. Unfortunately I'm sure the attorney will find a reasonable cause for cancellation.

Case in point:. We had a client who backed out of purchasing a home the day of closing. The only reason being that the property taxes were higher than she estimated.

1 Vote

Upstate New York, New York

@Richard Robertson

@Lisa Marie

If I may ask, which area of the Adirondacks were each of you guys interested in? As with probably all markets, there's a shortage here also, but if you're not focused on the same "hot spots" as many people are (ie: in the village of Lake Placid) then you'll definitely have an easier chance. Feel free to shoot me a message, as well!

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Originally posted by @Joel Owens:

Look at SBA loans where you can get into a property at a higher LTV sometimes 10 to 15% down.

Generally you must occupy at least 51% of the space or greater to qualify.

Your local bank if they are a preferred SBA lender might be the best place to start.

Thank you for this tip, Joel! I'm looking at a small commercial building (office with 2 apartments above) that I'd like to purchase/reside in after selling my primary residence, if it's still on the market at that point.

Comparatively speaking, do you know if the SBA loan income requirements are similar to that of traditional residential loans?

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I used the $5 catch and release traps from ACE hardware. Inexpensive and they get to still hangout with their friends! :) This is, of course, if you don't mind the labor of setting them free and unpleasant odors. In all seriousness, though, very effective at keeping them away for awhile.

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Originally posted by @Andrea W.:

I missed the online event. :( Can anyone tell me what they said? Is the webinar stored here somewhere? I looked yesterday and couldn't find it.

Andrea, I believe as a Pro member, you should be able to access the replay for this once uploaded. I missed it also, so am hoping to catch it as well!

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Plan to sell my primary residence that I've occasionally house hacked and purchase a small multi-family to keep growing. Secondly, to keep growing, learning, and building my business as a realtor.

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Originally posted by @Pasquale Zingarella:

Hi @Connor Banks, I think you are putting too much weight on your "brand" relative to a logo or a color scheme. A brand is not a logo, it is how people talk about you organically, its how you make people feel, its the likelihood they would recommend you. For example, @Alvin Taveras has been putting out a TON of content on market trends and updates, this resulting in branding himself as an expert resource in the market....I can promise you buyers will have no clue what logo is behind his name, but will remember him as someone that delivers consistent market updates and when they have a question on whats happening in the market they will go to him....that is a brand.

I have met with hundreds of agents, investors, contractors, business owners that all have different logos, color schemes, and tag lines and I don't remember a single one of them, but I do remember how they made me feel.

My recommendation is to find your niche, then own it. Focus on a specific demographic, location, buyer type (residential, investor, etc), then create so much value you become the name associated with that "group" when they have a question or a need. The logo is just a support piece, you want people to remember you..that is what I think of when I think of branding.

I hope this helps.

^^^^ This needs to be a "sticky" post in the forums. So much truth and value in this; very well put!

1 Vote

Originally posted by @Richard Robertson:

@Mark Wright

Well i actually spoke to the town planning board yesterday and found out the parcel is only zoned for one single family and a few other issues with the parcel so ive forgone that one but im definitely interested in looking for others!

Zoning and building regulations can definitely make or break a deal! Are you interested in anything in the Adirondacks? Depending on where you're looking, I could send you land listings from the MLS.

0 Votes

Upstate New York, New York

Originally posted by @Richard Robertson:

@Mark Wright

Hey mark im actually looking a some vacant land in the adirondacks right now and was thinking about doing a camping ground, if your friend is in the business i would love to talk to them!

Hey Rich, that's great! If you don't mind me asking, whereabouts is the parcel you're checking out?
If you need a CMA done or want to check out other parcels, let me know; I'd be glad to help.

He's been a bit trickier to track down since the pandemic but I'll do my best to track him down. He's been the owner since taking the reigns from his father, so certainly has years of wisdom!

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Upstate New York, New York

I don't have any experience in the realm of campgrounds but do have a friend who's family has owned a small campground in the family for a number of years. Not sure if would apply to your park, but I know one common issue was making sure campers' are responsible with having fires at their sites. This campground was typical like most of the Adirondacks; heavily wooded. I can inquire for further tips/pointers if you'd like?
Good luck!

0 Votes

Upstate New York, New York

All Forum Posts by: Mark Wright

Mark Wright has started 0 posts and replied 40 times.

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Post: RV Park and Campground Upstate NY

Post: RV Park and Campground Upstate NY

Post: RV Park and Campground Upstate NY