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All Forum Posts by: Joshua Morency

Joshua Morency has started 8 posts and replied 9 times.

Post: Process of Getting Approved for JVs or Syndications

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8

Hi everyone,

I am currently a college student that will be graduating this upcoming May. Upon my graduation, I will start working at JPMorgan in July. However, I am very interested in investing in real estate at the same time.

That being said, is it possible, and if so, how does one get pre-approved by a lender if they are planning to finance their deals as a JV or syndication? I would appreciate any advice whatsoever.

Thanks,

Josh

Post: New Investor Coming to NYC Looking to Connect with BP Members

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8

Hi everyone,

My name is Josh and I recently accepted a job in New York City at JPMorgan. I am originally from New Hampshire and I would love to connect with any BP members in and around NYC who have any experience whatsoever with real estate to learn more. Feel free to shoot me a message! 

Kind regards,

Josh

Post: New Investor Coming to NYC Looking to House Hack

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8

Hi everyone,

I hope you are all doing well. I recently accepted a job in New York City and I am looking forward to moving in! That being said, I would ideally like to house hack but realize that this may be a significant challenge, however, I am determined to work through it. 

For house hacking, are private lenders interested in working with first time home-buyers, how much should I have in replacement reserves for NYC, what are some good areas/areas to avoid, etc? I appreciate any response and I will offer some background on myself below.

I am currently a college student set to graduate this May. I stumbled upon BiggerPockets last November and have been hooked ever since. Since then I have listened to hundreds of hours of the podcast, read several books, taken financial modeling courses (focused on multifamily), and been on hundreds of calls with alumni from my high school and college who work in CRE. Real estate investing is something that I am very passionate about and I would like to start by house hacking.

If you are, or know of anyone, who is involved in real estate in some way in NYC, I'd love to hop on a call to learn more. Thank you very much for your time!

Best,

Josh

Post: House Hacking In New York City?

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8

Hi everyone,

My name is Josh and I am currently a college senior that just received a job offer in New York City. I would like to house hack a property in the city or perhaps just outside the city instead of paying thousands of dollars paying rent with nothing to show for at the end of the year.

That being said, is house hacking possible in New York City, and if so, do you have any advice on how to go about the process? Thank you for any reply.

Best,

Josh

Post: What Is The #1 Thing You Look For When Analyzing A Property

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8

Hi everyone,

I am new to real estate investing and I was just wondering what is the #1 thing you all look for when analyzing a deal?

I appreciate any response!

Post: What Is The #1 Thing You Look For When Analyzing A Property

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8

Hi everyone,

I am new to real estate investing and I was just wondering what is the #1 thing you all look for when analyzing a deal?

I appreciate any response!

Post: What Do Private Lenders/Partners Look For

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8

Hi Everyone, 

Being a 22-year old college student that wants to get started in multifamily real estate investing, I am wondering what potential private lenders and partners will look for?

Since I am still a student and I don't have a significant income, I do not have funds to put towards a rental property investment. However, I've been told that if I find a good deal and pitch it to a potential investor, then I may find partners to split equity and cash flow with. 

I am wondering what other value should I bring to the table. What will potential partners look for? What are some typical questions they will ask me?

I appreciate any advice that you guys can give me and I hope you have a good night. 

Thanks,

Josh

Post: Finding Private Lenders/Investors/Partners

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8
Originally posted by @Account Closed:
Originally posted by @Joshua Morency:

Hi everyone,

I am currently new to real estate investing, and like many of you, have learned a bulk of what I know through BiggerPockets. Listening to the podcast, reading the forums, and doing my own research have motivated me to search for multifamily properties in my home state of New Hampshire.

This has led me to come across many properties where I have analyzed the numbers and done my due diligence. After analyzing the many properties, I have found a few good deals that would be a good multifamily investment. However, I am currently at a roadblock. Being a 22 year old with no significant income, I am having a hard time finding private lenders/investors/partners to assist me in the purchase of any one of these properties.

From what I have gathered, the community here at BiggerPockets is one of the most understanding and well-informed investors in the country. Could anyone provide me with any tips or advice on how I should go about allocating funds for the purchase of the aforementioned properties? 

Thanks everyone,

Josh

You need to team up with someone who has a little experience. Where are you located?

Thank you for the reply and the advice. The properties I am currently looking at are in Manchester New Hampshire and Concord New Hampshire.

Post: Finding Private Lenders/Investors/Partners

Joshua MorencyPosted
  • New to Real Estate
  • New York City
  • Posts 9
  • Votes 8

Hi everyone,

I am currently new to real estate investing, and like many of you, have learned a bulk of what I know through BiggerPockets. Listening to the podcast, reading the forums, and doing my own research have motivated me to search for multifamily properties in my home state of New Hampshire.

This has led me to come across many properties where I have analyzed the numbers and done my due diligence. After analyzing the many properties, I have found a few good deals that would be a good multifamily investment. However, I am currently at a roadblock. Being a 22 year old with no significant income, I am having a hard time finding private lenders/investors/partners to assist me in the purchase of any one of these properties.

From what I have gathered, the community here at BiggerPockets is one of the most understanding and well-informed investors in the country. Could anyone provide me with any tips or advice on how I should go about allocating funds for the purchase of the aforementioned properties? 

Thanks everyone,

Josh