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All Forum Posts by: Mike Garofalo

Mike Garofalo has started 6 posts and replied 19 times.

Post: Live On Long Island, NY. Favorite Cities Nearby For Rentals?

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9
Quote from @Hisla Bates:

I have a property I would like to either find a co-investor or sell. I would be willing to discuss further.


 Do You still have a property? If so I would like to know more.

Thank you

Post: Looking to connect with commercial multifamily owners

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9

It is definitely expensive on Long Island, upstate is more affordable.  NY is definitely not a landlord friendly state and I would not be surprised if something like that was passed, I will have to look further into that.  I was hoping to get experience with my first deal close to home before trying out of state, but maybe I'll have to just look for another area.

Thanks for Your Response Alecia, appreciate the help.

-Mike

Post: Looking to connect with commercial multifamily owners

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9

Hi, Im looking to get into multifamily commercial properties on Long Island NY.  I am not able to find much when doing searches, basically looking to find my first one, anywhere from 5-32 units.  Any advice on the subject or knowledge would be appreciated.  Wondering if I should expand my searches to upstate NY or out of state as well?

Thank you

-Mike Garofalo

Post: Multi family paid mentoring groups?

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9

Thanks for the advice Jeff!

Post: Multi family paid mentoring groups?

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9
Quote from @Account Closed:
Quote from @Mike Garofalo:

Hey everyone, 

I’m interested in investing in a multi family apartment complex out of state such as Florida possibly.  I’ve come across some investment groups that state they have investors in it and teach you along the way and have a cost to join.  Grant cardone has his for a very expensive price (not interested in this way too expensive).  There are other groups that promote the same type of groups also for a high cost of entry, but a fraction of what GC asks.  I sat in on one of the zoom meetings and I thought it was very good.  Just wondering what people in this group think of possibly joining one of these groups or just looking to find information on this type of investing in a local Real Estate Group locally  for free?

TIA for any help

-Mike

The value in joining an expensive group is to become friends with people who have money and want to invest. To learn to think like they do. There's no guarantee that is what you will find, but some people do find that in some groups. 

The information is readily available outside of those groups, so if you are seeking information only, it doesn't make sense to join the expensive group. Some people need someone to hold them accountable, if that is what you are looking for join a REIA and make some friends.


 Thanks Mike I plan on finally attending the local groups the next time they meet, appreciate the input.

Post: Multi family paid mentoring groups?

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9

Hey everyone, 

I’m interested in investing in a multi family apartment complex out of state such as Florida possibly.  I’ve come across some investment groups that state they have investors in it and teach you along the way and have a cost to join.  Grant cardone has his for a very expensive price (not interested in this way too expensive).  There are other groups that promote the same type of groups also for a high cost of entry, but a fraction of what GC asks.  I sat in on one of the zoom meetings and I thought it was very good.  Just wondering what people in this group think of possibly joining one of these groups or just looking to find information on this type of investing in a local Real Estate Group locally  for free?

TIA for any help

-Mike

Post: Which is the hardest team member for you to find?

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9

Nothing so far 

Post: Looking for a good real estate accountant in Nassau County NY

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9
Quote from @Michael Plaks:

These two are based in NYC: @Nicholas Aiola and @Basit Siddiqi, don't know anybody on the island. However, it should not matter. All business is done remotely these days anyway.


Post: Looking for a good real estate accountant in Nassau County NY

Mike GarofaloPosted
  • Rental Property Investor
  • Long Island, NY
  • Posts 19
  • Votes 9

Thank you ill look into this