All Forum Posts by: Shanna Vataj

@Olga Shkolnikova

Anything walking distance to the beach is going to be HUGE this year because of how stuck at home everyone was.

White plains, NY (like Stamford but smaller footprint) is going to explode in the next 5 years.

@Christina Hamilton

Al Strazza in Fairfield & New Canaan is the most down to earth, cheapest and easiest attorney I’ve worked with. He’s done all of my NY a& CT a closing for the last 3 years.

Clare Bolduc in Greenwich is the most detailed attorney I’ve worked with but she comes at a cost.

@Maayan Cohen

It's a must for us for smaller buildings. Larger buildings, not so much. Why? Because with a smaller building, we need to be able to fill that vacancy immediately so the cap rate stays up. Larger buildings have a bit more leniency with vacancy because one unit being vacant doesn't affect our cap rate as quickly.

Also - we avoid rougher neighborhoods no matter the district. Why? Because unless a bunch of landlords or property owners band together, it is hard to pick the neighborhood up out of the dumps which will always reflect in resale value, rent and appreciation.

Good School Distict

Pros:

•quicker resale process

•faster appreciation

•quality of tenants may be skewed towards those with less turnover

•easier properties - normally 1-3plex

Cons

Typically higher taxes

@Mindy Jensen fantastic advice!

It sounds like it could get messy if you don't split up the transactions. I believe the cleanest way to do this would be to have the property appraised at that point and purchase it from the LLC. The original partners, including yourself, would be paid back all investment & equity. You would be purchasing at fair market value.

Great post with lots of different programs to look into. Now if only I could get my old school clients to get on board with this! 

Hi Danielle! 
We follow one another on IG. 
I’d really like to work with you on building a pro female one if you’re interested. We don’t have a local InvestHER chapter. The closest ones are LI and NYC

Hi! I recently wrote a blog post about how to get around the 1m security and still look like the good guy. I’d love to meet and see if we can work together. 

I’ve literally built my business on educating and working with first time in novice investors. 

	Shanna Vataj Kinard Realty Group Realtor, Management Team 845-750-3310 I 203-548-0568 ShannaVRealty.Com
Real Estate Consulting & Sales. Multifamily & Renovation Value Specialist.

What an awesome position to be in. Unfortunately there is no buy and hold property that’s “buy and forget”. You will still need to manage it and put out fires (problems). It wouldn’t make sense to hire a property manager for such a small property. You’re profit would be gone.
 If you’re willing to take a very small mortgage, you can get a duplex in mid Westchester. If you are definitely against financing of any kind (even with rates being very low), you’ll want to look into northern Westchester - think Yorktown, somers for higher end with higher rents or Peekskill/Ossining (possibly a fixer) for a triplex or four unit with more turnover and lower rents. It’s important to look at taxes. Many of our municipalities have village, town, county and state tax (Pleasantville NY). 

I’ve built my business by educating and working with first time and novice investors. Check out my website for info and my blog to learn. ShannaVRealty.com 

	Shanna Vataj Kinard Realty Group Realtor, Management Team 845-750-3310 I 203-548-0568 ShannaVRealty.Com
Real Estate Consulting & Sales. Multifamily & Renovation Value Specialist.

@Michelle Lancaster

I suggest doing a google search for local independent firms (but I'm biased)