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All Forum Posts by: Ken T.

Ken T. has started 21 posts and replied 81 times.

Post: Looking for a CT Broker to hold my license

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

I'm in the hunt for someone to hold my license, I will not be active in CT and I will be transferring my license to New york where I am active.  PM if you can sign for me, Thanks!

Post: Equity Investor Intro to Developer

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

@Marco Giovannoli I'll pay you if you have any other investors interested in Astoria, Queens Residential development.  

thanks!

Post: New Construction Condo in New York City, Ready to Go.

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12
Originally posted by @Eddie T.:

@Ken T. What will be the cost of construction and time frame? What is the address of the lot?

How much equity are you looking for?

What will be the profit split?

Post: New Construction Condo in New York City, Ready to Go.

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

I have 2 projects. 

2219 33rd st Astoria Queens 11103

7 units 18 month build

2721 27th st Astoria Queens

8 units 12 month build (lot cleared with approved architectural plans)

Currently looking for 1.5-2 million: Total (debt free) profit split amoung investors is 3.9 million. Profit will be adjusted once a construction loan is in place. 

Contact me at [email protected] for detailed breakdown/photos/zoning. 

Thanks!

Post: New Construction Condo in New York City, Ready to Go.

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

I currently sit on a multi million dollar project and I'm in the search for investors. The project is an Eight unit condo build located in the hottest neighborhoods in NYC, Astoria Queens (I.e. average days on market is 34-40). The project has approved architectural plans, a contractor on standby, and a cleared lot. We're ready to start building but we lack the equity needed to get a construction loan. The expected (debt free) profit is 1.7 million, of course any bank loans will adjust that profit marginally.

Please PM me if you have any interest or questions. I wish everyone a great week.

Post: Investment Opportunity

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

I'm currently looking for an investor to partner with in the development of a 7 unit condo in Astoria Queens. With very limited condo supply and a quick commute in midtown the Astoria has become a high demand market. 

A little bit about the project.

The home is under contract and ready to be torn down. Zoning analysis and architecture plans are prepped, sketches are ready. Bank financing and construction loan in place. All documentation is available. Looking for a prime equity partner.

Please PM me if this is something that interest you and we can talk details.

thanks all!

Post: Bandit signs

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

@Account Closed so far just threats, but yes they can fine you per sign, i forget the numbers but i think it was up to $50 per sign, totally depends on the town though, i was able to find the fines online.

Post: Realtors laughed at me....

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

Have you ever have a realtor laugh at you and tell you to get in line when you say you want to buy a distressed property in cash? This happened to me and I'm beginning to wonder how saturated the market is with money.

My soon to be wife and I were considering moving out of NYC to Miami for a few reasons; her family is in miami and money goes alot further there.  I currently Flip and Wholesale in CT and although I find the challenges here to be fun and exciting I see how much money I pay to hard money lenders and how easy it is to stumble across high risk homes that are over a hundred years old.  

So Miami might be the answer, the homes are newer and cheaper and the weather is great! (haha)  I have the cash and knowhow to flip what surprised me is how rude the realtors in Miami were to me when i ask for them to send me any foreclosures or homes in need of tlc.  I was fortunate enough to have friends in the tristate bring me into this field and now I'm wondering how to break into a new "booming" market, apparently real cash doesn't speak volumes like it did 4 years ago.

Post: Great starter home with awesome cap rate, minimal repair and risk

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

This home is a great price, I'm posting here because my usual buyers do upscale properties so I'm looking for a better match. This is a great starter home to either rent or flip.  arv of 90,000 or rent able at 1,350+ a month,  Pm me for more details.

Post: Investing in Bridgeport ct

Ken T.Posted
  • Developer
  • Astoria, NY
  • Posts 88
  • Votes 12

are you a cash buyer? i have a home in Bridgeport for 45 grand, it needs a little bit of work to make it rent able but you could rent at 1,300.

pm me if you are interested, great price for starters.