All Forum Posts by: Paul Lucenti

Many good points here! 

What's up everybody 

Me and my wife are looking to buy a house out in Suffolk. I'm a real estate investor in other parts of the country but not NY due to the extremely high buy in price. But being a local it seems like the prices are only going higher. 

What's peoples thoughts opinions on this real estate market over here? I currently live Levittown and a house around the block from me is on the market for 1.5m. Absolutely insane. 

Let me know some thoughts/opinions. 

  @John Underwood beautifully said

@Shawn Ackerman thanks Shawn - I'll add that into my numbers thanks for the tip. Also great deal as well for you

How is it dealing with voucher holders in duplex's? I've heard very mixed opinions so really unsure about them but definitely interested. 

@Mark Cruse thanks mark - that's the vibe I was getting as well, super negative and not informative (from one person) This was a success story just on raw numbers - there are obviously more expenses, but some took it and seemed to take it at face value which did leave me to get defensive which I shouldn't have. 

side note - knowing how to communicate and navigate this community seems to be the key. That's a great point 

@Stuart Udis oh no - hater Stu is back - more motivation 🙏💯

@Nathan Gesner thank you for your advice that's a good point - much appreciated 🙏

We just closed on our 9th deal and first of 2025 - sales price was $115,000 and total monthly cost is $890. 

HCV in the area pays $2,200. Fully renovated property all new untilities it seems like a grand slam deal. 

We're hoping to be able to only have 1-2 months of vacancy so we can turn it and keep the train going. 

Looking to net 4 figures a month in cash flow with this unit - the goal is to close 7 more by the end of the year - let's see how it goes. 

Any tips on creative ways to scale? 

Thank you all in advance 

@Allan C. Thanks Allan - I understand. I know mortgage payments and T&I are different - but at the end of the month they are grouped into 1 overall total cost. So I look at it from a monthly cost basis - taxes change as years go but for now this is what the deal is. 

We have 4 outside investors, all working out very well. So since we have found good results through certain deals I thought reaching out on here could help us expand. 

Every deal is different, most of our investors want anywhere from 12%-14% on their money over 4-6 years. Some want equity which is a little tougher to structure but possible. But since the cash flow is high on these there's a lot of room for us to pay them monthly and still have left over for any operating expenses. You point out maintenance and reserves, we don't touch any money from the business. Everything gets reinvested. When I shared the success story that's all that was - maintenance of course you have to factor in but on the raw deal over 4 figures in net cash flow is very good (at least to me). 

I appreciate you telling me your experiences with it, I understand there are different aspects of real estate. Some love equity some love cash flow some love both. I'm definitely more cash flow for now but as it adds up we are going to be investing in other opportunities. This is just the foundation. 
 
Maybe I misinterpreted what you were saying - but it came across as you were saying it's impossible to scale a business like this. All I was saying was that it is not, it can be very profitable and lead into great opportunities down the line. 

And like you said, success is relative. Your definition of success is probably very different then mine.