All Forum Posts by: Richard Decoste

The property was SOLD December 2018 $462,000

NO short sale awaiting approval. This a contract straight from Nassau County Court steps. near Cross Island and Belmont. Fixed up going for $450 to $460 depending on your skill. Won't last long. 

You can post the deal on this forum and you WILL get hits. Just don't disclose the specifics like address. It works.

I will attend the meetup.

Thank You all for your ideas and help. I feel that part of my education is analyzing real-time deals. Reading 200 page books is monotonous, but if I have real properties to analyze I can better remember the formula and algorithms required to find deals.

I mean 30 unit building with 1 convenience store and 1 Optimo store.

I am looking at a large multifamily in ny. How do you evaluate value? Use comps? I don't see any. I looked at findcompsnow, redfin, zillow. I see a list price for $3,000,000 and I want to know how he arrived at that value.

Rents are accurate. Price is negotiable. Due diligence (you're right) to dig deeper.

No HOA

Utilities- tennant pays

taxes $1200/yr for all three.

Ins 2400 " " ".

Comparable Rents are approximately $100/unit more.