All Forum Posts by: Ed Kahle

Anyone use Ron Legrand to learn from?   What's your experience with him?   Is he a money pit?  I have a problem with guys who offer services for a ridiculous cost. 

Experience is always the best teacher but someone to ask for advice is extreemly important?

Anyone use Cameron Dunlapp?  What's your experience with him?

Anyone out there use yellow letters for wholesale deals?   Whats the call back rate per campaign?  What's the conversion rate per campaign to sales?

Nathan,  Yes Rochester is getting allot of attention because it has properties available that are affordable.  The question is why?  And what's the bottom line going to be?  The Hudson Valley has the most $ in it state wide.  1/10 of the USA population live between Montauk and Albany.  I moved to NC in July for a better environment all the way around.  I had all I can take of NYS as a life long resident!  Ironically I'm going to do some wholesaling there soon as I see opportunity to buy due to financially stressed people and sell to NYC buyers who have "disposable" income.  I'd stick to the  Hudson valley if I were you.

Albany is growing around nano tech and a tech park too that has a 20yr. tax incentive.  I'm very skeptical though of all this as the history proves that as soon as the tax incentive disappears so does business.  Cumo and gang have not been good for business as the historical mass exodus from NYS continues.  I like the optimism thoughwhich creates a good investor environment.  Just being cautious based on history and state government  financial condition! 

You know, a good way to profit in NYS is to use the entitlement system.  It's a big part of  the backbone of the economy there.  Grants in NYS can be a good platform to leverage real estate.  I know Carl Paladino did and he's the second biggest property owner in the state. Endicott Development.   He did very well doing this and he owns allot in Buffalo.

That's good to hear.  Years ago Rochester was one of the cheapest housing markets in the US.  Sounds like an upswing.  Buffalo is not good is it?  Good luck and take it while you can!

I know Kodak was a big employer their for years until they fell behind in tech.  So, what is the economic attraction to Rochester?   Syracuse isn't in good shape, Lockhead Martin just sits there and other businesses their too.  Remington Arms got pushed out by Cumo and company as allot of businesses have been pushed out.  So where does the economic boost come from in Rochester?  Is the bloated NYS entitlement/welfare system pumping things up?  Curious?

Funny, I lived in the Hudson Valley (Columbia county )all my life and just moved to Charlotte NC. for a better life  Owned a construction and development business there for 27 yrs.  I've built custom homes in Highland!  Last four years were enough for me to look for greener pastures.  One hurtle here are the property taxes, just the opposite of NYS.  You know all to well if a house in NYS sits vacant for say four years and falls behind in taxes you got a $30,000 tax lien.  Here, maybe $4,000-$5,000 so people just aren't motivated.  Vacant houses just sit.  And I thought high taxes were bad?  Maybe not so for wholesaling!  It's hard to get folks to sell here.  The other concern about NYS is buyers.  I a depressed state there aren't allot but NYC provides this for the HV.   I got a deal in Milwaukee under contract right now and I'm thinking of working NYS too.  Just wanted some insight from investors doing NYS right now.

Anyone wholesaling upstate NY?  Curious about inventory leads and buyers.  Opportunity there?  The state is expelling business and residents away for the last decade.  I know retail is hard and it's not uncommon to list for 12 mo or more to sell at a price much lower than anticipated.

We set our wholesale buy number at 65% ARV. Does anyone out their use 70% ARV for wholesale deals? And if so, what condition are the properties?