All Forum Posts by: James Peever

HI BP!

We are looking to purchase a property in Smallwood or Bethel region in upstate NY (Catskill region). The area appears to have strong profitability. Looking to see if anyone has any current/past experiences in this region. It's a beautiful part of the country and we are eager to get started. 

Couple points on the area:

Attractions:

- Bethel Performing Arts Centre (outdoor music performances every weekend during the summer)

- Short distance to ski hills in the Catskills region

- Cute downtown area

- Many lakes for summer activities

- State parks, walking trails are plentiful.

Neighborhood/Property:

- Easily accessible to major highways

- Residential neighborhood, cute streets and plenty of little cottages for summer getaways

- Two bed property, spacious outside area, lots of wildlife around

Would love some tips, suggestions for purchasing and operating in this area. We will of course do our due diligence with regard to compliance, local ordinances, along with keeping in good company with our neighbors. 

Thanks BP for all your support and guidance!

James

Hey PB!

I've created a new Youtube channel to share our experiences with relestate investing. AirBnB, BRRRR and flipping. We will be looking at it all and learning along the way. Love to share in the experience and get valuable feedback from the PP community too.

Check out my new Youtube channel (Newest Video - Deal Discovery Newark NJ) and please subscribe for new videos; PCTI Investment Youtube Channel

Let's do this together.

HI!

I am purchasing a new investment property in Newark, in the Lower Roseville/Roseville area. Looking for a PM company that people have worked with in the past. Property is in good condition - 2 family unit. 2-3 bed room options.

Appreciate any suggestions you might have.

Thanks,

James

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Newark.

Purchase price: $189,000
Cash invested: $40,000

Looking to purchase. In discussion with realtor. Property needs work, but has good potential and strong ARV.

Prospective BRRRR purchase. The building had/has squatters. The property has look Danger or worth a shot??

What made you interested in investing in this type of deal?

Potential ARV. The property appears to be unvalued for the area and with some investment could show some significant long term potentail.

How did you find this deal and how did you negotiate it?

Zillow

How did you finance this deal?

Traditional mortgage

How did you add value to the deal?

The property needs some basic improvements to kitchens and baths, but with a little work could look great.

What was the outcome?

Pending.