All Forum Posts by: Jon Sidoti

@Troy S. I have some cash, a shitload of drive, 6 years of construction management experience with a top GC, a year of sales experience with a top Equipment Rental Company, a RE license in MA, a few residential deals under my belt and common sense. I’m looking for someone with a similar mindset to partner with on deals. I have a few deals I’m looking at. Let me know if you’re interested in discussing further?

Hello! I’m chomping at the bit to invest all over! Investing in multifamilies, investing in commercial/industrial, investing in cash flowing properties/businesses etc. I am looking for other motivated eager people interested in doing this. I have a construction management background with management/sales experience. Reach out if you’re interested in partnering. Can’t wait to talk! Jon

Hi Everybody,

Looking at a property in Little Falls, NY.  Does anyone have experience with property rentals in this area?  

My research has turned up a rural area with a decent rental market where 68% own and 32% rent.  Schools in the area are all right, not the best but good enough.

Is the rental market strong in this area? Is there a lot of construction?  Is there an influx of jobs?

thanks!

Jon

Hi BP! I stumbled upon a Marina listing close by. Wanted to see what the BP community initial thought on a marina is? My initial thought is that you are buying a business. You are buying a business with yaught club services, bait and fishing, fuel, etc. There are also a lot of hidden surveys that must be completed to get an idea what you are buying (under the water). You are also very susceptible to damage during storms. I guess just like anything else, know what you’re buying. Could be a fun investment! Appreciate any thoughts! 180 Slips Fuel Docks Yacht Club Showers By improving facilities I’d imagine slip rentals can be increased. Lots of opportunity to increase rents! Thanks Jon

Congratulations!!! Best of luck with the new property!

Hi BP Currently looking at a Multi family property in N Canton Ohio. Overall using google maps and various other resources, the area seems to be a developing area. The numbers that we are using on the property show potential. Any insight into the area? Good/bad to invest in? Thanks Jon

Hi BP Currently looking at a Multi family property in Lawrenceburg, TN. Overall using google maps and various other resources, the area seems to be a developing area. Agents have informed us that colleges are relocating in and around Lawrenceburg. The numbers that we are using on the property show potential. Any insight into the area? Good/bad to invest in? Thanks Jon

Hey David! Thanks for serving brother! Welcome to BP and RE! I'd love to talk about RE in the TN area with you!  I've been watching that area for a while now.

Jon

Hi Ugur,

Congrats on buying your first MF! House Hacking is a great way to live (when you don't get squatters!)! The state of MA protects Tenants for just about everything which I'm sure you know!  Check out the Mass.gov link below that goes through a lot about being a landlord.  

http://www.mass.gov/ocabr/docs/landlordrights.pdf

Do you have a contract with the mover?  Does it say that they won't take certain items or are there reasons that they wouldn't have taken everything?  

I'd definitely make sure that any future tenants get a full background check that you review before letting them move in to the unit.

Hope this helps!

Jon

Thanks Mark. Are there any areas you would recommend in IL?