All Forum Posts by: Matt Whitermore

@Jamie Brayton wish I could attend! Definitely will keep an eye out for the next event.

Do you have interest or experience in real estate investments? Perhaps an interest in working with real estate investors or investing in real estate yourself? Do you have your real estate salesperson's license in New York State? Do you live in the Capital Region and have reliable transportation and a cell phone?

If this describes you, we would love to talk to you about potentially joining our team of real estate investment sales agents. We are a local real estate investment, property management and brokerage firm called New Scotland Development Companies, and we are located in the heart of Albany.

Agents who work with us benefit from exposure to all facets of the real estate industry, including investments and property management. This is a 100% commission-based real estate sales role focused on investment real estate in the Capital Region and Upstate New York.

Requirements:

• - Current New York State real estate salesperson or broker license
• - Reliable phone
• - Reliable vehicle
• - Resourcefulness and the ability to solve problems
• - The willingness and desire to learn

What sets us apart:

• - Proprietary systems and software designed to generate leads and empower salespeople to close business
• - We are highly focused on investment real estate
• - The leadership team of our company is made up of experienced, active real estate investors who are eager to       share their knowledge
• - Agents will be exposed to and have the opportunity to participate in various types of real estate investing
• - Competitive commission splits
• - Training and hands-on experience

Interested candidates are invited to submit an application and resume. We would be more than happy to schedule an introductory call to learn more about your goals and discuss a potential fit.

Hello BP Community,

I am working on the acquisition of a campground property in the Catskill mountains and need to hire someone to live on site and run the day-to-day operations of the campground. This is a BEAUTIFUL piece of wooded property situated on a mile of creekfront that is famous for fly fishing. 

The campground manager would be provided housing at the property in a 3 bedroom house and would be responsible for the day-to-day operations of the park. This includes checking campers in and out, routine maintenance, and keeping common areas and bathroom facilities clean. 

Although not a requirement, we would love to hire someone who is interested in real estate investments as well. We are exploring expanding this site and acquiring others, so the new hire could have involvement in the expansion and acquisition of new campground sites if interested. Reach out/reply if you would like to learn more!

@E Ibrahim Welcome to the forums. Happy to connect with you to discuss your strategy and opportunities.

Our firm is looking to connect with investors who are interested in partnering on the acquisition of campgrounds and RV parks in the Northeast of the US. We have multiple deals ready to go and have extensive experience acquiring, financing and improving real estate. Reach out to learn more.

@Alex Mason

I don’t really have a rule of them other than underwriting student rentals or larger apartment at higher repairs and maintenance numbers. Then inspecting all systems and mechanicals to budget capex. I can recommend a great property manager who understands building systems and operations better than anyone I know.

@Alex Mason hey Alex welcome to the forums. In my opinion it comes down to knowing your building and mechanical systems, having good contractors, and adequately budgeting for repairs and maintenance and capital expenditures. If you were to eliminate properties built pre 1900 you’d be eliminating much of the market and some great opportunities. Do you have a local property manager and contractors?

@Alex Kaplan and I own multiple properties built prior to 1900 so I have no restrictions based on year built

@Alex Kaplan I can certainly understand the caution around lead paint and it certainly should be considered. I think it is also a manageable risk and is probably just as likely that you would run into an issue with a slip and fall at one of your properties. Hardly a reason not to invest. I think if you want to invest in rental housing you are better off prioritizing location, the numbers, and the structural condition of the property.

We typically underwrite $1,000 per unit in repairs and maintenance for most 2 family houses.

Hello BP,

Has anyone out there made the jump from traditional multifamily rentals into the world of RV parks? Would love to connect with someone who would be willing to share lessons learned from their journey into the RV park space.

Thanks!