All Forum Posts by: John Geldert

@Doug Owens I have been working with Orry at the Garvey agency for over 10 years now, they are based out of Tannersville Pa.

@Jamie Addeo that’s who I used as well and overall It was a pretty smooth process. Good Luck!

@Jamie Addeo So the way it worked for me was that the HML required me to bring the entire estimated renovation budget to the closing for them to hold until I completed the work. Basically after certain parts of the rehab were completed I would fill out a draw request listing what work was done and the cost, they would then send an adjuster to the property to verify and release the funds. At the end of the job I was under budget and they released the balance. Its by no means the ideal way to go but it was my first time using this type of lender. If you read some of the replies above it appears this is a CA requirement, this is not the common structure for most HML. May I ask which lender you are using?

Ron Leoncini welcome aboard! I live in New York and have been investing in the Pocono’s for over 10 years. I started investing in vacation rentals and now focus on value add multi families, think we could be of some help to each other. PM if your interested and good luck!

Steve Kontos Are you still hosting this meetup? If so can you please send me the info. Thanks

@Milan Obradovic Im a buy and hold investor and primarily focus on the Stroudsburg market of PA. We purchase value add multi families, do a full rehab and rent long term. Although there is not much inventory the deals we land do produce a good amount of cash after debt. Good Luck!

Welcome aboard Christian, I have a small portfolio of multi family homes in the Stroudsburg/East Stroudsburg area. Let me know if I can be of any help getting you started.

Hey Joe Nagle I’m an investor in the Poconos primarily focusing on small multi family units in Monroe county. Do you also invest in those parts?

@Michael Weis Figure out your exit strategy first than design a business plan around it. All valid questions that depend on your current finances, risk appetite, time etc. Spend some time on BP and you will get a better feel of what your capable of taking on. Best of luck!

@Kenny Durrant Awesome! Persistence and perseverance is the name of the game!

Best of luck!