All Forum Posts by: Nathan J.

I am looking in Kingston, Saugerties and surrounding areas. I didn't even realise zero percent down would be possible (at least without an exorbitant interest rate). People are really getting 200-300 per door cash on cash?

Thanks. The places I am looking at range between 200k and 300k. I am putting 25% down on a 30 year fixed mortgage. 

Hi there - still looking to close on my first multi family rental property. I have been focusing on 2,3,4 units places in the Hudson Valley area of NY state. The question i have is what the cashflow per unit you are getting on your investments? 
For the places i have been considering, after expenses and mortgage payments, i am looking at around $150 - $190 per unit per month. Curious as to what other investors are seeing?
Also - i listened to a recent podcast on BP with Brie Schmidt and i was blown away that she is getting $400 to $500 per unit on all of her units! It made me think did i misunderstand that quote in the podcast; or are my deals just nowhere near as good as what others are seeing.

Hi all

Does anyone have experience of multifamily buy and hold in the hudson valley area. Say from Beacon/Newburgh up to Saugerties. Would welcome thoughts on capital appreciation, cashflow and prospects for growth in the area

Thanks for the info all. Appreciate it. Some wise advice.

I walked away from the property after a walkthrough. Though the commercial contacts i have kept!

Hi all - another newbie question on an 8 unit.

I am running the numbers on an 8 unit (7 units occupied) that i am considering currently. What do you guys think of the commercial loan terms my lender is offering? She is offering a "5 year ARM with 10 year balloon- amortization to 25 years at 4.75%".

I don't have much to compare those terms to (its from a credit union in upstate NY). The property is advertised at 369k (would look to negotiate that) with an annual revenue of 66,660. I would put 25% down.

Where would folk suggest i look for alternate commercial loans. I would love to get a 25 or 30 fixed commercial, but i dont think they exist...

Thanks in advance

Hi Guys

I am pretty new to this. Have yet to pull the trigger on the first property but have done a lot of analysis and have financing lined up so i'm ready! One question i am struggling with is how far should i go from my home area to invest in multi family units. My home area is lower NY state but i wonder should i be widen my net. For example Philadelphia or Albany might be better prospect than say Kingston/Saugerties NY. I worry that since I am working full time this would become unmanageable!
I would love any advice on this topic

Thanks in advance

Hi there - i am new to this game. Yet to pull the trigger on the first...Eventually though I am looking to build a portfolio of multi family units to buy and hold for rental income. Since i spend a lot of time in upstate NY i figured this would be a good place to start the venture. Specifically I am looking at Kingston & Saugerties & Beacon in NY State. Would love to hear feedback on those areas as investment areas...