All Forum Posts by: Peter Grosso

@Shannon Sadik   I actually meant the 19th Word, but I have been having good luck with a property in what i think is Maplewood nice block with very nice neighbors.      I used to own a property on 945-947 Arnett Blvd,  I actually sold it for 65k and it had good stable working tenants.    

@Shannon Sadik   Don't you think that 60K could get him into a 10 ward double?  I owned one for about a year and it was probably my most stable property.   I ended up selling it to take advantage of a tax write-off but I was sad to see it go.   

@Eddie Talley   I am PMing you right now.  Thanks Eddie

Thanks Andrew!

Hello Mohit, 

I live on long Island, I don't think there are a lot of high yielding buy and holds in our area.   I am making offers on my first flips but even using the 70% rule is seems to be tough where I am looking.    I own buy and holds in Rochester NY and have found that once you grasp the skills of a out of town investor you can generate more cashflow elsewhere. 

I had the same problem, I invest in a oil company that produces oil and natural gas, I can write off up to 80% of my active income in the first year and the rest over then next 5.  Then once the oil comes out of the ground we receive monthly payments for 20-30 years. 

13325 Lasalle BLVD 16 unit- 4 studios, 5 one bed, 5 two bed, 2 three bedrooms

Can be up and running in 6 weeks.  Managment in place to finish the renovations and manage the rentals. 

5393sqf

taxes 2077+2931

We have a very accomplished team that has targeted three choice parcels in profitable areas of Detroit.    Contact me for the Investment Offering and to set up a preliminary conference.  

Hello Lisa,  I am on Long Island as well.   

I know not to put much stock into Zillow.  I found it interesting that my properties jumped up 10-20% in value in one month on their site.   I wonder if they changed their estimate system.