All Forum Posts by: Joseph Shevy

Hey Everyone! My name is Joe - I currently live in upstate NY and may have the option of moving to the Raleigh area for work. Im excited for this possibility, as this area offers MANY more opportunities than the area I currently live.

So - there is only so much you can learn from Google. Ive researched different suburbs that i might like, but I'd love to hear from investors, agents, brokers, etc., on which areas are nicest to raise a family? Which areas are best for cash/cash returns, appreciation, etc.? Which are growing fastest? Are HOA's typical and how much are they usually? What type of investing do you do in the area, and why?

My goal, if everything worked out how I'd want it to (it never does), i would find an area I like and house hack a single family house, that i could update and rent out eventually. I currently own 8 doors in NY, and would probably liquidate my lower cash flow properties and move that money into NC real estate.

Please reply or message me if you have anything you can share! Even if its just to tell me which areas you prefer.

Also, I am looking to make a trip down in July, and would love to connect with investors/agents in the area and possibly look at a few houses.

Thank you,

Joe

Hey Everyone! My name is Joe - I currently live in upstate NY and may have the option of moving to the Raleigh area for work. Im excited for this possibility, as this area offers MANY more opportunities than the area I currently live. 

So - there is only so much you can learn from Google. Ive researched different suburbs that i might like, but I'd love to hear from investors, agents, brokers, etc., on which areas are nicest to raise a family? Which areas are best for cash/cash returns, appreciation, etc.? Which are growing fastest? Are HOA's typical and how much are they usually? What type of investing do you do in the area, and why?

My goal, if everything worked out how I'd want it to (it never does), i would find an area I like and house hack a single family house, that i could update and rent out eventually. I currently own 8 doors in NY, and would probably liquidate my lower cash flow properties and move that money into NC real estate. 

Please reply or message me if you have anything you can share! Even if its just to tell me which areas you prefer. 

Also, I am looking to make a trip down in July, and would love to connect with investors/agents in the area and possibly look at a few houses. 

Thank you,

Joe

Hey @Sarah Callahan,

From what I have seen, there are plenty of people from Upstate NY active on the site. Might I also suggest using the Key Alerts tool. If you go to your Setting in the top right, look for the Key Alerts tab and type in things like "Glens Falls", "Queensbury", etc. and anytime someone mentions those words, you get an email notification. Kinda like i did for this one :) Would love to talk real estate anytime! ;)

Joe

Hi BP,

I'll cut right to the chase... I'm currently working on writing a book and I need the input from the Biggerpockets community!! If you're anything like me, you love talking about real estate to anyone and everyone. Well, here's your chance! I am looking for people to tell me their stories. Tell me how you started out! 

If you're interested in sharing your story and experiences with me (and possibly being included in my upcoming book!), please post a short version of your story below about how you acquired your first 1 or 2 investment properties, or you can message me (preferred). I'm looking for a lot of different stories and people to choose from, so help me out! 

Thanks so much everyone!

Joe S.

@Sam LLoyd, how did u calculate that? Am i missing something?

Hi @Ernest Peterson,

Welcome to the forum! This is a great place to start learning about real estate investing! I, too, am from the glens falls area and currently own two 2-family homes in Glens Falls. Biggerpockets has been a huge help on my journey so far. If you have any questions, feel free to message me!

Joe

Hey Everyone,

Just wanted to share a little success story, because of how happy I am with the way things turned out. 

My wife and I both just turned 25, and have owned two 2-family properties for a little over a year now. ( One FHA house hack + one seller finance score!).

So, everything has been going great with the properties, there haven't been any major issues so far, (just a couple hot water heaters, door/window replacements, and a few other things that all went smooth. Things were going almost too well it seemed, until one of my tenants handed me a 30 day notice. I was a little nervous about getting this apartment filled since its getting close to winter months and ive never actually turned over a vacancy before. 

Because of my research when buying the property + my research on the website + a little real estate savviness (I like to think), i was able to do more than just fill the vacancy. 

When we bought this property, we knew the rents were under FMV when looking at the comps. This was a big reason we bought the house, because the numbers worked AS IS. So, when my downstairs tenant moved out, I was thinking of advertising the apartment for $25-50 higher, but instead, our upstairs tenant wanted to move downstairs to the bigger apartment for a $25 increase in rent.

That left my upstairs apartment vacant. I then held an open house (my first ever) and had a few people come by and fill out applications for the upstairs apartment.. also at a $25 increase in rent! And, the same day, we picked a new tenant that agreed to our rent, and moved in only 2 weeks after the vacancy. 

All in all, I turned over two units, each with a $25 increase in rent (increasing cashflow by $600/yr), and only lost 2 weeks of rent income! Not bad for a first time turning over a unit! 

All it takes is doing your research and being confident in what you do. 

Thanks,

Joe

Hi BP,

My wife and I are 24 years old and we just bought a beautiful piece of land in cash, using our income and rental cashflow. My question is this:

Does anyone have any personal experience using a builders loan to build your house/dream home? Im looking at a couple banks that seems willing, the interest rates aren't terrible and the timeline is only 8 months. Im having my GC grt together some estimates at all, but was hoping someone had some experience with these loans!

Thank you,

Joe

hello BP,

Just  a quick question... I'm a 24 year old accountant working the 8-5 and currently own 2 investment properties with my wife. I have a family friend who has helped me get started and suggest I obtain my real estate license and work for her brokerage (part time), so I could earn extra income, save on commissions for future buys, use the mls, etc. 

My question is, should I tell my boss I'm working on my real estate license? I plan on keeping my full time job and I have already told them about my investing.. Just not sure if I should keep this as "minding my own business" or is this something I should disclose? 

Thank you!

Joe

Hi Erin,

Welcome to BP! I live in glens falls as well, and am working on my real estate license. I also own 2 properties so far in the area. Great to see more people from the area on the website!

Joe