All Forum Posts by: Emmanuel Russell

I'd be interested also

I'd love to attend a Brooklyn meetup. Will definitely be monitoring this topic.

I work in LIC and would LOVE to meet up with like minded individuals. How do I sign up? I found the google group but it says that I don't have permission to join the forum.

Hey Chris Marangoudakis don't know if you've moved this property but what zoning district is this in?

Michael Rivera Thanks! It's good to see other investors from NYC!

Karen Margrave Good article Karen and thank you for the advice!I also read the beginners guide which also mentioned that commercial is probably not the best area to start.
I want to start in commercial because that's what I've been exposed to and what I like. I own a permit expediting, building and zoning consulting company in which I assist my clients in telling them what can be done with a particular lot and getting approvals from the Department of Buildings and various other city agencies. Some of my developer clients have also retained me to be the construction project manager on several retail construction sites for national tenants and local supermarkets.
I guess what I seem to really need to work on is understanding all the variables(CAP rate, NOI, DCR, IRR etc) one must look at to analyze and determine what is a good vs bad deal. Maybe this is too big to take on but...
However I am no expert in REI and will defer to those that have actually done deals. You mention that I should start on something smaller as my first deal, what do you recommend?
Thanks again for your advice and I look forward in hearing from you!

Martha Chavarria Thanks! Another New Yorker...awesome! You also mention that I should start with the basics, what basics do you mean?
Thanks again for your advice and I look forward in hearing from you!

John Moore Thank you! It's going to be a winding road but its going to be fun!

Hey everyone! My name is Manny and I've been reading through the bigger pockets site for a few weeks now and have been learning SOOO much valuable information and I thank you all - veterans and newbies alike.

While I'm still grossly overwhelmed and confused about RE investing, the fog is clearing day by day. I appreciate all that I have read and have learned while perusing the site in the background I need to get my head together and do ONE deal this year. I feel that in most of my endeavors in businesses outside my comfort zone I've suffered from analysis paralysis because I don't want to get things wrong so I don't act.The one time I did act( or kinda did) I got it wrong, or maybe just went about it wrong so it ruined my confidence.
Since then I've been looking to find another deal but I think my approach was bad. I spent money on renderings of what the building would look like to send to some potential national tenants that I thought would be good for the site. Although they got back to me with interest, the property was already under contract - talk about putting the cart before the horse.

As stated above, my goal is to do one commercial(retail) deal within this next half of the calendar year. I'd like to acquire(by some divine intervention) a one story commercial property in the NYC area(preferably). property with at least 7000SF.

Looking forward in learning from the community.