All Forum Posts by: Paul DeSilva

Congratulations @Mallory Nogueras, What area of Ulster County is the property located, I may know someone that can help.

@Rigo V. I invest in the surrounding areas and really like Kingston, it's a great City, I'm there all the time but I have to agree with @John Hickey the Kingston market is very inflated, especially uptown.  

Thank you @Christopher Freeman @Peter J Turner @John Lewis

Hi BP, 

So I'm really excited to say that I (with the help of my team) have completed my first real BRRRR. Here's the brass tacks on the deal.

- Buy an REO two family on 7/11/2017 for $60,000

- Rehab from July - October and Holding Costs $65,000

- Rent Both units $2300.00 combined. 

- ReFi (house appraised at $219k) at 80% LTV we got $175,200. Closed on 7/20/2018

- Repeat On our way to buying an undervalued 7 unit (waiting for amended contracted to be signed by seller as of Friday) 

All of this was funded by a HELOC on my primary residence. Almost no money was out of pocket. The ReFi paid the HELOC back, and there was enough money left over for the down payment on the 7 unit.

This would not have been possible without the BiggerPockets Website, Podcast, the books I have read and a lot of persistence, patience, and planning. 

Thank You ,

Thanks @Matt Caven

Hi BP, 

I'm looking for a Real Estate Lawyer located in the Hudson Valley area, preferably in Ulster County, New York. If anyone knows of one please recommend them to me.

TIA,

Paul DeSilva 

@Michael 

@Michael DeVowe The units are not stabilized. I will be able to see all records when I view the property. I hope the books prove to be good.

This deal was presented to me by my plumber who has been maintaining this property for several years It is not currently on the market, the owners have become elderly and ill and they are firm on the price. It looks like a great deal to me and I'm viewing the property this week. It is 2 buildings with 7 units total, all sub-metered with 2 landlord meters. Major renovations done in 2008. Any input would be much appreciated.  What does everything think? 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

HEY BP FAMILY,

Being a blue collar kind of guy, I'm always learning new things about running a small business. That being said, I'm reaching out to the BP community for advice on something I'm new to, I need to order business checks. Does anyone have any recommendations? I'm open to all thoughts. Should I order 3 to a page or wallet size? What security features do I need? What websites have you used in the past?  What is a good price point to look for?

THANKS, PAUL

Yes Anthony it is owned by an LLC.