All Forum Posts by: Oz Radiano

7-8 offers are not enough. It takes me 10-15 offers to get a property under contract, which is okay for the volume of my work (and yours as well by the way you describe it)
Try connecting with agents and prove them you can buy - they can send off market deals off your way with a motivated seller.
Try thinking of going to another market

Good luck!

1 Vote

Hey Robert,

Out of topic of your initial question, but can you share additional details on the country auction?

Thanks

0 Votes

Originally posted by @Marian Smith:

@Oz Radiano someone posted on here just how strict ma is with lbp...requiring remediation, certification for rentals and assuming liability for any claims on the property, even children who rented and livedthere before you bought. Look before leaping.

Hey Marian, I am buying in WNY, not MA, but thanks for the heads up.

0 Votes

Upstate New York, New York

Originally posted by @Nicole Heasley Beitenman:

I assume all my properties have lead paint and have my tenants sign a disclosure.

This is a great tip, thanks!! I didn't think of that, I will let my PM sign them for it.

1 Vote

Upstate New York, New York

Originally posted by @Dan Weber:

Any home built prior to 1978 most likely has some lead paint buried in the walls/woodwork somewhere. Being in New England, most homes were built decades before 1978. If you don't buy any home that may have lead paint then you won't be buying any properties in that area. If the seller formally disclosed that to you, then you will need to formally disclose that to tenants (and you cannot discriminate against renting to tenants with children under the age of 6 because there is lead paint). I wouldn't move off of a good deal because lead paint exists there.

Hey Daniel, I am buying out of state in WNY and the home prices is similar.. So I have the same issue. Thanks for the tip!

0 Votes

Upstate New York, New York

Originally posted by @Dennis M.:

Don’t worry about it just get them to reduce their price . Lead paint is good paint just don’t eat it .

I swear I will try to find something else to eat (-:

0 Votes

Upstate New York, New York

Originally posted by @Fred Weinkauff:

J I am a lead paint certified contractor/ property owner. It all depends on the condition of the lead painted surfaces. Lead paint can be encapsulated (painted) . Peeling chipping paint is the issue and if your renovating the place it’s going to need to be painted anyway. Proper steps need to be followed so you don’t contaminate the house with lead dust and chips. The roof is more of a concern, you can ask for anything in a contract whether the seller will go for it is another thing.. Also the state and city where you are located with the lead paint may be of concern also. I am in NY.

Thank you very much for the answer!

I am buying in NY (out of state) at the same state as you are, in Erie county specifically.

Do you know if there's an option to get reimbursed by the state on lead removal? I read online on tax returns but couldn't find anything related to NY.

0 Votes

Upstate New York, New York

Hey all,

I am looking to purchase a triplex that looks promising, but there's a catch.

The seller disclosed that there are a lot of lead painted parts.

From reading online, the national average of lead removal is $10K.

I thought of chasing the deal, but renegotiating the price down to reflect this amount of work (there's also a need to re-roof).

What are your thoughts on that? Do you have past experience with lead?

Thanks for any help!

0 Votes

Upstate New York, New York

Hi,

Recently I purchased a duplex and a vacant lot in Buffalo, NY.

I want to do something with the vacant lot, and I need your help in understanding my options.

As I see that, I have the following options:

1. Keep it as a vacant lot

2. Sell it forward (If I am able?)

3. Develop it myself

What should be my next steps if I want to chase #2 or #3?

Thanks a lot for any help.

0 Votes

Hi Mike!

I have a recommendation for a PM in Buffalo, NY. I use them for the past year and I am very pleased.

I am an out of state investor and I rely on my PM as my eyes and ears. I feel that they are communicating, handling issues as they occur, loved by my tenants, and don't rob me.

If you want me to introduce you to them, please message me your email and number/type of properties you have, and I'll be happy to make the intro.

The reason I am not posting their name or contact address is that one day in the future they will stop being my PM and I am not sure I will remember / have the power to update this post accordingly, so it's best to get their details from me.

Thanks!

0 Votes

All Forum Posts by: Oz Radiano

Oz Radiano has started 6 posts and replied 36 times.

Post: Buying in Buffalo NY area

Post: Do I need a lawyer to close on purchase from county tax auction?

Post: Buying a lead painted house

Post: Buying a lead painted house

Post: Buying a lead painted house

Post: Buying a lead painted house

Post: Buying a lead painted house

Post: Buying a lead painted house

Post: Build a duplex in Buffalo NY

Post: Property Manager Recommendations in Buffalo, NY Area