Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Kyle English

Kyle English has started 2 posts and replied 7 times.

Post: Upstate New York timberlands

Kyle EnglishPosted
  • Corning, NY
  • Posts 7
  • Votes 0

@Michael Ablan

I've been searching nylandquest.com and local MLS and it definitely seems there are some good deals out there. When you are looking at these tracts what are some of the things that you are seeing as a common trend that are appealing to you the most about the NY timber industry? And based off of what you have been seeing deals wise what would you consider a good deal number wise?

@Jim Goebel

Thank you for the reply and some insight on the industry. Definitely let us know how things work out with the purchase of your tract!

@Jay Hinrichs 

First off thank you for the reply I just listened to your podcast on BP for the second time and your story and knowledge on real estate as a whole is definitely inspiring to say the least. Thank you as well for some key steps to get started.

- Are you saying that hardwoods are typically worth less in value compared to softwoods per acre or just that you are more likely to harvest more softwoods than hardwoods per acre? 

- To your point on home/land owners potentially not factoring in stumpage value on the land.

- This is what has intrigued me the most about the timber industry, a few years ago i came across that idea of what if i buy land, sell the timber, and then resell the land for the same or a little less that what it was bought for. Obviously this concept is easier said than done and probably not realistic in most areas, but it still made me think. Have you seen this type of situation before or have you done something similar in nature? I know on the podcast you had mentioned bringing value add ideas to the land such as building driveways, drilling wells, etc. I suspect just starting out this would seem as a very good option to build more and more capital until i can purchase a more long term already managed tract. What is your opinion?

Thanks in advance guys!

Kyle English

Post: Upstate New York timberlands

Kyle EnglishPosted
  • Corning, NY
  • Posts 7
  • Votes 0
Hey fellow BPers I was just curious to see if anyone in New York has any market knowledge or experience with timberland investing? I thought it would be a very interesting niche of investing to explore more and learn more about. Any feedback would be awesome! Thanks, Kyle English

Post: Timberland investing in upstate NY

Kyle EnglishPosted
  • Corning, NY
  • Posts 7
  • Votes 0
Hey fellow BPers and New Yorkers I was just curious to see if anyone in upstate New York has any knowledge or experience with timberland investing? I thought it would be a very interesting niche of investing to explore more and learn more about. I’m located in the Corning, NY area and any feedback would be awesome! Thanks, Kyle English
I would say the Corning single family home market is pretty good right now, there are a lot of nice homes on the market for fairly cheap in the lower 100k range but this is obviously dependent on what he's looking for in a home and his budget.

Good morning David!

Is your friend trying to purchase a single family home or multi family investment property?

Thanks, 

Kyle English Corning, NY

Post: Starting a career within Real Estate

Kyle EnglishPosted
  • Corning, NY
  • Posts 7
  • Votes 0
Oh and a couple of things I forgot to mention. Set goals set goals and set goals! Start with where you want to be and work back from it, give yourself time frames and be specific. Another thing that's helping me is I became a PRO member on BiggerPockets to keep reminding myself to keep drinking the kool aid and driving on. It's easy to lose focus but if you want the financial freedom you have to remind yourself every day that you are paying the price today so you can pay any price tomorrow. Best of luck! Kyle English Corning, NY

Post: Starting a career within Real Estate

Kyle EnglishPosted
  • Corning, NY
  • Posts 7
  • Votes 0
Honestly you are way ahead of most people starting out by becoming a member of BiggerPockets ! I haven't done my first deal yet so I can't speak for after you get a deal but what I can tell you is what I'm doing right now to be the most prepared I can be when that day comes. Firstly I would just engulf yourself in the BiggerPockets content. Read forums, blogs, listen to the podcasts until you find which real estate niche works best for you. For me it's buy and hold multi family properties. Once you have that baseline of what direction you want to go just start crawling. Next you need to identify where your starting market is going to be whether it's where you live now or the next town over etc. Once you've done that just try to absorb as much information about that area as possible. Get on the MLS and start looking at what's available whether it's multi family, single family, fix and flips whatever your niche and then compare them to get a good base of the market and how much money you'll need to begin. Next is probably one of the most important aspects of real estate, learning how to correctly analyze properties because you'll hear this often this is where you actually make your money is by buying the property at the right price. Once you can analyze a property you're walking baby! Rinse and repeat analyze as many properties as possible until you buy your first one then you will be running! Here are some things I recommend doing to fill in the gaps of the aforementioned paragraph. -Read rich dad poor dad to get a good investing mindset -Read the abcs of real estate investing and the advance guide to real estate investing by Ken McElroy to further add some tools and concepts to your tool bag -I just got a credit card to build my credit, just something to think about -Being frugal and saving as much money as possible to invest (again just what I recommend there are different ways into real estate) - Lastly just surround yourself with like minded people and network with people who are where you want to be and see what you can do to help them so they will want to help you in return. Long post but hopefully this helps, anyone feel free to fill in any gaps or add on being this was a pretty general overview! Thanks, Kyle English Corning, NY