All Forum Posts by: Ronald Starusnak

I am an investor and general contractor in the CNY area and Esmir is fantastic and incredibly professional. I would also highly recommend Chris Newman, he works with a lot of out of town investors and is a huge asset to have. He will help you find contractors and all the right people to make your deal work. 

Hey Mark! I live right in the Constantia area. Oneida Lake is a huge driver here. Your low end rent will be $700 up to $1,200. We do management as well but I don't think I am allowed to advertise myself on here. Ask me as many questions as you'd like. I am a General Contractor and have lived in Constantia, I own a house in Cleveland NY and a house in Camden NY. 

Brian, any luck offloading this property? 

Gabriel, please keep me in mind. I am a contractor but I'm not able to advertise here. 

I have worked with them, servicing their foreclosures. Not on the loan side :D 

The costs come with the finishes. Eileen is close, but the sky is the limit. You can build a house that looks great using Home Depot project source, lower middle grade material for $130/sq/ft. 

There will be a lot of hoops to jump through with a construction loan. I would talk to a private money lender or hard money lender that has experience in funding flips. 

Like Timothy said, use as much of it as possible for a down payment on another flip or two. 

As a contractor, if you're shopping for the lowest price you will have a bad time. We do not utilize any lead generation services like Thumbtack or Homeadvisor because the ones looking for quotes on those sites only care about who is the lowest. If you're looking for a quality contractor, you must be willing to pay more and budget more. It will save you money in the long run. 

Claire, if you do not have construction experience my advice would be to not put your investment on the line to learn. You will lose money, you will go over budget, and over your time frame that you plan on the flip. Poor workmanship will show up quite obviously when you go to put your home on the market and it will destroy your profit margin.