All Forum Posts by: Sean L.

I believe Zillow has a county level Home Price Index. The FHA also publishes an index but I can't recall if it's available at the county level.

CoreLogic’s indices tend to be better but you must pay to access them.

@Daniel P. Did you need to pay cash for the complete deal upfront and if so did you use a hard money lender?

@Will Randolph it might be a worthwhile exercise to dig through census data. While it’s somewhat tedious, most third party data is a derivative of census figures.

Where are you considering attending community college? Assuming that’s not in a high cost area, house-hacking while working and knocking out your associates might be another route worth exploring.

This would give you an opportunity to explore both college and REI before doubling down on one or the other.

If you can suffer the cold, Cornell has a great real estate program, is transfer student friendly, and offers solid financial aid.

Thanks @Basit Siddiqi

From what I've seen that seems to be true.

@Jeff Staples Thanks for the note. It would be great to connect for a brief call to talk through how a deal on that property might be structured if you were to hold the mortgage. I would also like to be in touch more generally regarding the Rochester area.

@Giordano Rodriguez Great! Definitely interested in connecting and see how I can be helpful.

Hi all, Sean from New York, NY here. I currently reside in the city and originally grew up throughout upstate NY (Albany and Rochester areas) which is where I am hunting for my first deal. 

I am a long time lurker who is finally ready to take the plunge and get started. As I seek out my first deal I am looking to become a more active contributor to the forum's and would be glad to connect with anyone in/around NYC. My current goal is just to get my first deal completed. Medium-term I am looking to build a portfolio of rentals to cover my living expenses and at that point I will reevaluate where I'm at. 

My professional background is in financial services and I currently work as a consultant in the financial technology industry. In a prior life I worked at the private equity firm that sponsored the largest private owner-operator of single-family rental homes in the US (bonus points if you can guess) and was part of the team that launched an REO servicing business under a sister-company. While I am still new to building my own portfolio I am happy to provide insight into how the institutional SFR business is operated.

If there is a chance I can be helpful in anyway please don't hesitate to reach out!

Is there a general rule of thumb to use? For instance, when trying to do rough justice on a potential acquisition should I plan to have another 5% of the purchase price set aside for closing costs (bringing my cash outlay up to 30% although only 25% is going to the property)?

Hi All,

When thinking about the upfront costs associated with an acquisition what expenses should I be aware of? As in, if I can secure 75% LTV/LTC financing should I expect my upfront equity to exceed 25% when accounting for any brokerage, legal fees or other fees?

Thanks,