All Forum Posts by: Rebecca Devlin

@Nathan Murith

Thanks so much. Appreciate it. 

@Harriet Baldwin would you be interested in giving some advise/ guidance to a newbie to the area?

Fantastic! Thanks so much and looking forward to attending :)

@Kara Leboeuf is this meet up still happening? Will there be one in July or August? Would love to join. Thanks so much.

Hi everyone! I appreciate everyones input in advance! I am hoping to understand how commercial loan work with purchasing SFH and multi families. How does a bank approve an LLC which is trying to buy a property without any financial history? I am going to speak to a mortgage broker but thought this forum could also help me better understand. Thank you again!

@Jean Joseph where in south Florida are your properties?

Profits are certainly to made made in Newburgh.When I showed this last apartment that I just rented on June 1st, I was pleasantly surprised with the potential tenants. A few coming over from Beacon and more than a handful up from Brooklyn. It was hard when deciding who to lease to. So, yes @Frank Gucciardo, I was able to increase the rent on this specific apartment because of those moving in. 

@Joe Splitrock you said it all perfectly and I just realized that I too, am a rabbit chaser! Yikes! Thanks for this revelation Joe. Focus and discipline is the one salient trait to a successful individual in any field.

@Joel Gierbolini I was able to secure two loan through Well Fargo. One for 75k and the other for 70K. They are out there.

I was first considering Newburgh about four years ago. Maybe more but I was unsure with what I was seeing.  Then about two years ago I started looking again. And the deals were getting harder and harder to find. But I stumbled upon a very great opportunity and bought two houses both multi family. Now I feel like I won of small jackpot. Newburg is changing. I see it happening every single day. From the store fronts to the building permits in every other building. Yes, the renters are coming! My good friend who peaked my interest called me the other morning as I am almost done with my first big renovation - She wanted to tell me that her two unit property was gone within two days and the pool of tenants was vastly different than those who applied for apartments five years ago. There is a huge film production movement that is heading up that way as well. From my understanding they are shooting a big movie up there this coming year from friends of mine who used to work for the Teamsters. The secret is out and Newburgh is changing. I hear people talk about it in Soho bars and on Subway trains in Brooklyn. Is it perfect? Nope far from it. But for those who have the patience and the vision, our investments will bear the fruits in the coming years.