All Forum Posts by: Joe Aiola

@Pierce Lovesee Hey Pierce! My brother is a CPA - he has his own firm and they specialize in working with real estate investors. Maybe you guys can connect to see if it's the right fit.

@Nicholas Aiola have any time to chat with Pierce?

@Marc Valencia Congrats on getting the acquisition part figured out - that's the hardest part! I completely agree with @Jonathan Greene. If you have the deal, finding the buyer should be easy. 

My only advice that I would add is to make sure you have a good deal, though. You don't want to bring a deal with no meat on the bone to an investor - that could potentially damage your reputation as a wholesaler. And if the deal isn't great, that's when finding buyers gets tough.

Best of luck!

@Emanuel Ochoa Hey man, welcome to BP! I would definitely take up @Adam Cherko on that offer. He's a great resource and would be able to help you in many ways.

Best of luck!

@Diego Hodge Are you wholesaling these properties? If so, why do you need to add value to an agent? 

@Ryan Ross well that's my point haha - it's going to be tough to get good at doing the math and analyzing properties correctly with the wrong numbers. Practicing with the right numbers will not only save you time, but will also give you more confidence about the deal. No need to guess - an agent can easily give you these numbers, or at least a good estimate.

Last taxes shown for that property were in 2018, and the taxes were roughly $18,000. Taxes rarely go down, especially here in NY, so you can assume it's even a bit higher. You can call the tax assessor and he will be able to give you a more concrete answer. Here's the tax assessors information:

https://www.townofossining.com/cms/assessor

@Ryan Ross are you working with an agent? If you are, they should be able to help you with these numbers. And what are you basing your renovation numbers on? Has somebody seen the property for you? 

Also, I'm not sure if you're aware, but there is an accepted offer on this property as of 04/23

@Anthony W. Hey Anthony! Getting your license should be viewed as an investment - not something you get just to get. So, you should have a plan or a goal for using it, in my opinion. What are your real estate goals? Once you have a concrete answer to that question, you can then work backwards to see if getting your license will help those goals or not.

And yes, you have to choose a state to get your license in! Sates have different rules, so the course material will be specific to the state you choose.

Best of luck! 

@Evan Dyer Hey Evan! All of those strategies work, but you need to decide which one works best for you and which one works best for your market. I would advise against trying to be the jack of all trades. Determine which strategy you want to use and become the best at it.

Good luck!

@Craig Lively It can be done easier with private money, because a lot of hard money lenders lend on investment properties only. Talk to your lenders and see what they say - if they won't do it for you, then ask them if they know anybody who will.

Best of luck!

@Ali Zaid nobody knows where the market is headed but, if it takes a turn for the worse, finding deals won't be as much of an issue. Finding funding might be the bigger problem.