All Forum Posts by: Michael Tranzilli

Joseph,

    Excellent post.  Inspiring. Impressive.  Educational.  Informative.  Thank you for your generosity.  Looking forward to learn more from your future posts.  Good luck with all of your future endeavors.

Michael

Sean,

It does help.  Thank you.  I LOVE THIS WEBSITE!  Where else can you get your questions answered in such an intelligent, timely manner?  Excellent.

Michael

Lajean,

   Thanks for offer.  That is very kind.  I'll get in touch as I proceed further.

Michael 

Sean,

  Thanks for response.  This would definitely be a long term buy and hold.

Michael 

Michael,

    Thanks for such a fast reply.  The more reconnaissance I can do from NYC the less time I will waste on this particular deal.  The owner did say that a lot of investors from NYC were picking up properties in the area.  Obviously, he didn't mention them taking baths:). Thanks again.

Michael

BP,

I just found a deal in Waterbury, Connecticut. Two townhouses FSBO. Initial research off pro forma shows an 8.2% cap rate. I'm intriqued and want to now dig deeper. I know NOTHING about Waterbury, Connecticut. I'm 90 minutes away in NYC. The owner has said that the two units after this year won't have any taxes to pay because they have been put on a historical preservation list. Could this be possible? I've been doing some research an noticed an economic plan for a huge revitalization that is taking place in the town but then I also found a article that this revitalization has stalled due to lack of funding. I am open to "long distance" investing if the numbers work but want to know if there is anyone out there in BP nation familiar with Waterbury and its REI that can offer any bits of advice? Thanks.

Michael

BP Nation,

    I'm looking for a good direct mortgage lender who does their underwriting and processing in house in New York City.  Any leads would be greatly appreciated.

Michael

That is so inspiring.  I am in the same boat.  I have invested in the stock market for the last two decades and I am over its swings as well.  Congratulations Damien on your great success.

That was like taking a graduate course on note investing!  Thank you very much for all of that knowledge and advice.

Michael

Jeff Brown's BP podcast 017 and Dave Van Horn's BP podcast 028 are excellent ones to listen to regarding note investing.  I find myself going back to them often.