All Forum Posts by: Glenn Patti

I think the city expenses are high, but I think you can definitely get 50% to 60% range.

I am not sure about the external factors and declining home values that you are referencing. I think the Pocono market is very community specific.  I bought the house for our family first and as an investment second.  The community is very well run, and has amenities during all four seasons which attracts renters.  I can rent out the house every weekend during the summer and winter if I chose to, and I can cover almost all my costs with 6 weeks of rentals.

 If you have any questions on Masthope, please let me know.  I love it there and I think it is very well run.

 I don't think there has been any progress on the train, but I am always the optimist

 Hi Wally,

The house is in Masthope, which is a planned community.  It has a lot of amenities all year round and it rents out pretty well.

 thanks John,  hopefully I can contribute something of value.

Hi Chris,

Scranton has treated me pretty well, although I have had some bumps and bruises along the way.   The multi families cash flow pretty well, but I don't think I will see any capital appreciation.  Hopefully that changes as it looks like population has steadied a bit, and if the train to Hoboken ever gets going, that will be a boost.  

Hey Jon,

Good luck on your first investment property.  Let me know if you have any questions.  I am looking to build up my multi families then move up to apartment complexes.  I am not looking for financing or sweat equity at this point, ( I am still recovering from last purchase) but I will eventually.  My Scranton properties are in South East Scranton.   Where do your parents flip in the Poconos?

I have been on Bigger Pockets for quite some time and listen to the podcast as well, and I realized that I have never posted. I think I did not introduce myself in the beginning because I was afraid that I was going to say, "I am planning on investing in real estate" and never follow though. Fast forward to today, and I own two multi families in Scranton Pa for a total of 6 units and a vacation home in the Poconos that I rent out, and also use. I am thinking of getting into rehabbing a SFH either for a long term rental or a flip. I have a backround in construction and have always wanted to try a flip.

I live in Bergen County NJ and work in NYC in the finance industry, and I am looking expand and collaborate with like minded people.  I am also happy to answer any questions that anyone has or help out anyone looking to get into real estate investing.

I have been on Bigger Pockets for quite some time and listen to the podcast as well, and I realized that I have never posted. I think I did not introduce myself in the beginning because I was afraid that I was going to say, "I am planning on investing in real estate" and never follow though. Fast forward to today, and I own two multi families in Scranton Pa for a total of 6 units and a vacation home in the Poconos that I rent out, and also use. I am thinking of getting into rehabbing a SFH either for a long term rental or a flip. I have a backround in construction and have always wanted to try a flip.

I live in Bergen County NJ and work in NYC in the finance industry, and I am looking expand and collaborate with like minded people.  I am also happy to answer any questions that anyone has or help out anyone looking to get into real estate investing.