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All Forum Posts by: Sean Toomey

Sean Toomey has started 14 posts and replied 109 times.

Post: Tax Advantages of Real Estate Investing

Sean ToomeyPosted
  • Deer Park, NY
  • Posts 115
  • Votes 85

IT'S NOT ABOUT WHAT YOU MAKE - ITS ABOUT WHAT YOU KEEP

LIREIA IS LIVE IN DECEMBER WITH A GREAT EVENT AND SOME EXPERT SPEAKERS !!!

Join us at the Huntington Hilton for our monthly networking event. This will be a themed holiday event with TONS of gifts and prizes!!

Our SPECIAL GUEST SPEAKERS for the month will be:
Saranto Calamas and Belinda Savage

Saranto is a CPA specializing in real estate investing. He started his practice in 1986 and is based in NY. He has been an LIREIA member for 15+ years, and is also an experienced real estate investor. He will be discussing tax strategies, as well as answering any questions you have about tax implications of investing in real estate.

Belinda is a former Wall Street bond trader who now has her focus on the sector of alternative assets for investment portfolios. She has helped many individuals to self-direct their retirement accounts with the goal of investing in assets such as real estate.

Also, Baylen Hanato from Home Depot will be discussing the Home Depot Pro membership, and the SPECIAL BENEFIT all REIA members can receive.

This meeting will be hosted by Melissa Shea. Melissa is the President and CEO of LIREIA for the last 14 years. She is an experienced investor who has a portfolio of 128 units in 10 different states. She has a NY broker license, she is a licensed commercial lender for Everyday Funding, and EXIT Realty regional owner for Connecticut and Rhode Island.

Don't miss out on this tremendous opportunity to LEARN AND EARN!

This meeting is free for all those with a yearly membership to LIREIA. All non-members pay $29. There is a ZOOM option for this event if you cannot make it in person. For more info or to become a member contact [email protected]!

Hello @Hud Malik

I live on Long Island and invest in CT.  I own multifamily properties Bridgeport, Bristol, and Manchester.  Great market.  Keep in mind most houses in those areas are older so you have to budget for repairs.  

I'd be happy to talk if you have any questions.  Feel free to reach out!

Post: LIREIA NOVEMBER MONTHLY MEETUP

Sean ToomeyPosted
  • Deer Park, NY
  • Posts 115
  • Votes 85

Join us for our November Monthly Networking Meeting.

We will be discussing: "How Real Estate Investors Can HELP Homeowners Facing Foreclosure."

As a real estate investor you have the opportunity to help homeowners avoid foreclosure, salvage their credit rating, and get on with their lives—and you can make money by doing it!

REGISTER TODAY!👇
https://www.lireia.com/Calendar.aspx

We will also discuss Short Sales and Deed-in-Lieu of Foreclosure.
What does it all mean for investors?

Our guest speaker of the night will be Mike Mulholland. Mike is a short sale expert and real estate investor for over 30 years.  We will also have Sharlene Bleier on hand to speak as well.  Sharlene in an experienced real estate agent who has dealt with many clients facing short sales.  

At this meeting we will:
🔵 Define the foreclosure process
🔵 Explore options homeowners have
🔵 Discuss Short Sales vs Foreclosures
🔵 Benefits for each
🔵 Loan modifications: How do you start?

We will answer the questions you have about investing on Long Island, in New York, and also in other out-of-state markets.  We will also present deals that YOU can invest in TODAY!

This meeting is free for all those with a yearly membership to LIREIA. All others pay $29. We also offer a guest pass for those attending for the FIRST TIME.  For more info or to become a member email [email protected].

Post: From Stay at Home Mom to Newbie Investor

Sean ToomeyPosted
  • Deer Park, NY
  • Posts 115
  • Votes 85

Welcome @Gifty Muniz. What part of NY are you located in? We have an excellent REIA based on Long Island where we host local meetups and workshops.

Post: Out of State Investing

Sean ToomeyPosted
  • Deer Park, NY
  • Posts 115
  • Votes 85

The Long Island Real Estate Investors Association (LIREIA) General Networking Meeting Is TOMORROW!!

Come Join us tomorrow at 7:00pm at the Huntington Hilton in Melville as we discuss this months topic "Out of State Investing."  

This meeting is free for all those attending for the first time, and $29.00 for those who are not members of the REIA.

For more info you can email me at [email protected]

Post: Out of State Investing

Sean ToomeyPosted
  • Deer Park, NY
  • Posts 115
  • Votes 85

Do you live in a state where it is expensive to invest in real estate?
Do the laws in your state favor tenants over landlords?
Do you want to make more money and have higher returns on your investments?

Join us at the Huntington Hilton for our monthly networking event!

We will be discussing: "Out of State Investing." There are many benefits to investing real estate out of state. Learn who should be a part of your team, as well as what you should be careful for when looking at properties in a different market!

We will answer the questions you have about investing in other markets, as well as present deals that YOU can invest in TODAY!

Here at LIREIA we teach real estate investors how to:
-Fix and Flip!
-Buy and Hold!
-Wholesale Properties!
-And More...!

OUR 4 CORE PRINCIPLES:
🔵EDUCATION
🔵RESOURCES
🔵ACCESS TO PROFESSIONALS
🔵OPPORTUNITIES TO INVEST

We are to determined to be your go-to source for all of your real estate investor needs!

Our goal is to help you succeed in your path to financial freedom through Real Estate Investing!

Post: House Hacking In Connecticut

Sean ToomeyPosted
  • Deer Park, NY
  • Posts 115
  • Votes 85

What town are you looking in @Sam Slivinski?  You can find some decent two and three families that definitely make sense for a house hack.

I think its a great idea @Tristan Roth.  Good way to meet some likeminded people and talk different strategies.  Start off small and watch it grow once you provide some good content.  Network with some investor friendly local realtors, contractors, attorneys, or accountants.  They can all speak at a monthly meet up for you.  There are tons of people looking to get started investing for their future who may be more comfortable in a smaller setting.   

Post: What Do You Want! The Truth.

Sean ToomeyPosted
  • Deer Park, NY
  • Posts 115
  • Votes 85

Very nice @John Felix Perez

And two years from now you can rent out that duplex and move into a triplex or fourplex.  

Post: New investor learning about Memphis and Rochester

Sean ToomeyPosted
  • Deer Park, NY
  • Posts 115
  • Votes 85

Hello @Dimas Rinarso

I also second the Memphis area. I own 10 SFH and the area has been very good to me. I'm from NY and I would prefer to invest there because it is a landlord friendly state. My rents have also seen a jump in the past couple of months as well. I would suggest the turnkey option for you starting out, and when you get comfortable and know the area maybe switch to the BRRRR strategy.