All Forum Posts by: Matthew Drouin

@David Friedman I love this.

You have huge parking options.

You have two arts and cultural destinations there.

I think your idea of attracting a restaurant is a great idea to help with the place making of that corner.  That being said, I'm wondering if you attracted an operator at the far corner near F and 4th street would be most ideal.  The corner is the highest profile space and makes that building look less vacant (if you filled it), plus theatre goers would have to walk by all the other store fronts in order to get to the performing arts theatre and regal so that would add foot traffic.  Plus you have a big honking parking lot which would be a great benefit to have people come after hours, get a drink and bite before going to a show.

That being said.  In regard to marketing, you probably have to go guerilla on this one and do facebook marketplace.  A broker is not going to be as motivated as you are to lease a 1600 sqft space or a 3200 sqft space if you combine two suites together.  It's a little off the beaten path so it's not going to be a fit for a national retailer.  I'm looking at traffic count around 12,000 cars a day there.  Those types of users are going to want to be around West 2nd street.

Some people here were talking about monument signs etc.  Screw that.  Get a gorgeous mural put on the F street side of the building.  Might cost you $5k to $10k but it will help you lease that space to a restaurant.  I've used this tactic several times.

I wish you the best.  May the odds be ever in your favor.  Cheers!

If you want to scale to an unstoppable real estate empire of epic proportion, you need to learn how to raise private capital and become an OPM Master! Jack Krupey of JKAM Investmens is going to show you how!

This is an completely educational event for investors.  There will be no pitching or programs, products or services.

The event is hosted by FFREIA Freedom First Real Estate Investors Association - The only nationally recognized REIA West of Albany.  We are a non profit organization dedicated to building fellowship and educational IQ among local investors in Upstate NY.  Our mission is simple, to help investors build multi generational wealth across our communities!

Event registration and ticket sales are here:

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Right now tickets are $89 on early bird but early bird pricing ends on March 31st and goes up to $129!  So get your tickets now!

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Want to do bigger real estate deals that deliver you life changing results but you just don't have the capital to pull it off?

Like have you found a large apartment building that if you bought it, it could replace the income from your job with that ONE deal but you didn't have the hundreds of thousands of dollars laying around to do it?

We've all been there. Had a life changing opportunity right in front of our eyes and watched it slipped through our fingers. When you have access to abundant private capital, you never have to pass on a smoking hot deal. So how do the big guys do it?

Chances are, they use other peoples money (OPM) by becoming MASTERS of raising private capital for their deals.

But here's the secret...

They all started from somewhere and that somewhere is where you are sitting right now.

No you don't need to have a membership at a fancy country club.

Or be best buds with a billion dollar hedge fund manager.

You need a plan and need to take action in accordance with that plan. 

At our upcoming workshop I'm going to show you exactly how to raise private capital for your own real estate deals so that access to capital will never hold you back. Jack Krupey, founder of JKAM Alternative Investments is going to pull back the curtain on his strategy and show investors specifically what they can do RIGHT now to help them do monster real estate deals with none of their own money. He's going to train attendees on the scripts and systems he uses. The types of creative deal structures that have helped him and his company raise private capital and do BILLIONS of dollars worth of deals.

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Jack started right where you may have started. Wholesaling, fix and flipping, property management, etc.

He's a real estate veteran of over 20 years.

His diverse background has taken him in many twists and turns from retail investing, working for a billion dollar hedge fund that acquired distressed mortgage notes to everything in between.

This is a niche topic, not all real estate investors are looking to scale so seating is extremely limited so make sure to register today!

@Mario Keophilalay where are you looking to acquire property?  If it’s in your own backyard, then community banks and credit unions are a great place to start.

lots of them love to lend on commercial real estate because they are shorter term and backed by a hard asset.

@Kay Faith many when I bought my first property I ran my numbers the exact same way. Rent minus mortgage, taxes, and insurance equal cash flow.

Problem is, I didn’t take into consideration repairs and maintenance, vacancy and collection loss, cap ex, water, property management fee etc.

After accounting for all these, you might be break even or slightly negative cash flow.

I’ve bought deals like that before. It’s ok. But only if you know you can raise rents, assuming they are under market etc.

Cash flow is overrated anyways so if you can own a property that is in a great location where your tenants are paying all the bills for the property and you have a growing reserve account for the property, you’ll make your money up on the equity appreciation.

Register For Your Free Guest Pass Here

https://www.ffreia.com/GuestPass.aspx?ID=53192754-864c-4568-...

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Free to attend for everyone - our price is your email address so we can make you a free member and get you discounts & rebates from Home Depot and other national partners. WE DO NOT SELL OR DISTRIBUTE YOUR EMAIL ADDRESS TO ANYONE.

Every 2nd Thursday of the Month at Eagle Vale Banquet Center in Fairport.

5:30PM - Networking Start
6:15PM - Pizza & Refreshments
7PM - Open Networking And Trade Show Scavenger Hunt!

@Scott Loud I do HML as well as PML and many people face the same challenge:

"I get a good ROI while my funds are on the street but it gets blended down when I get paid back."

For instance if you lent our at 12% for 6 months, got paid back in 6 months, and then your cash was sitting in an account earning 5%, your total effective rate earned is 8.5%

Not everybody is a fan but this is what I do:

I lend out longer term.

My interest rate is going to depend upon the environment but I’ll have a 3% pre payment penalty if the loan is paid back less than 3 years.

The operator has to have a good track record of doing value add deals and a good business plan for the opportunity.

Let me know if I can be of any further help!

THIS IS A FREE EVENT, JUST MAKE SURE YOU GRAB YOUR FREE GUEST PASS ON OUR WEBSITE AT:

https://www.ffreia.com/GuestPass.aspx?ID=1d902733-a198-4801-...

Join us at our main monthly meeting - networking focused with a short educational segment. Show up any time after 5:30 for networking and refreshments, stay for our speaker at 7 and hang out for more networking until they kick us out!

Income tax is a significant expense for most Americans.  You've probably heard about the tax benefits of investing in real estate but what does it really mean?

This month, our special guest Chris Sardone, CPA will deliver a short tax update for real estate investors and engage with a live Q and A with our attendees.

Some of the updates Chris will be delivering are:

- Common misconceptions surrounding 1031 exchanges.
- Update on current depreciation strategies.
- Changes to contributions to Self Directed IRAs.

Our meet up is a little different at FFREIA - Freedom First Real Estate Investors Association.  We don't want to just help you up your real estate IQ but we want you to have fun and build new relationships in the process!  So most of our events are dedicated to networking.

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Agenda:

5:30PM - Networking Start
6:15PM - Pizza & Refreshments
7PM - Speaker
7:45PM - more Networking!

@Jeremy Cepress

There’s what you might be entitled to in terms of damages or relief due to neighbors tree roots and then there’s reality. You could ask them to help you with the cost of jetting the pipes or replacing the lines but if they say “take a hike”, what are you going to do? Sue them? That’s a good way for attorneys to get paid and for you to get no results.

The problem really isn’t the trees, its your pipes. Generally roots only get into clay tile pipe or old cast iron that’s leaking at the joints under ground.

Getting the pipes jetted on a yearly or biannual basis should buy you many years of no trouble!

@Alex Kosley

Btw congrats on what you and your wife have accomplished at such a young age!

The spot you are in is tough.

You could pay down higher interest debt but at the opportunity cost of a higher return you could get from buying another property.

I’m going to go a different direction here…

If your goal is financial freedom in 10 years, you can do it by scaling in the small single and multi space.

If your goal is financial freedom in less than 2 years, you should consider jumping right into larger commercial deals. I wish I would have done it a lot sooner.

Took me 11 years to earn my financial freedom doing smaller deals but it took me ONE commercial deal to replace my wife’s income.

@Lewis Sampson

@Carini Rochester is right.

There are lots of land mines in our area. So many out of town investors become enamored with Rochester because if it’s “cheap” properties.

“I can buy a whole house for $40k?! What could possibly go wrong?”

People call these properties in bad areas “risky.”

They aren’t risky. There’s no high or low risk. They are just assuredly a good way to set your money on fire.

What types of yearly returns are you expecting and how much capital do you have to invest? What are your goals?

I can probably point you in the right direction after I get some information there!