All Forum Posts by: Derek Moore

Thank you Esmir. I would greatly appreciate that.

Let me start by saying I’m from the metro NYC area which is about 5 hours away from Syracuse. I have a probate deal in Syracuse, Ny currently under contract at a $25k purchase price, $10k for the owner and another $15k for back taxes and utility bills. The houses ARV is about $70k but it needs a complete gut renovation, new plumbing and electric but even with all of that there will still be equity in it. Not to mention it can be rented out at about $800-900 a month to tenants, it’s only 10 minutes from Syracuse university! I’ve spoken to a couple of investors in the area but the project has been too large for most. I’m open to financing it myself and doing the flip but it would be hard to manage the project from 5 hours away and I don’t know anyone in the area. Any suggestions, advice or options I may be over looking?

Thank you I appreciate all the well wishes. Congrats on your new life. How far is Binghamton from Syracuse?

I'm looking to connect and network with general contractors in Syracuse, Ny. This business is all about relationships, so I would like to build some great ones with great people from this community. Please refer anyone that you may know. I would like someone that come highly recommended if possible. I have a two family house that needs a full renovation.

I'm looking to connect and network with real estate professionals in my area. This business is all about relationships, so I would like to build some great ones with great people from this community. If I were to hold a networking event in Baldwin, Ny would you guys be willing to meet and discuss different strategies we use or are considering using? Remember each one teach one and we all rise together!

More income streams

I agree, watching the movie I was immediately surprised at how the depiction of their business resembled wholesaling in real estate. There are plenty of lessons to be learned if you pay attention. Amazing movie!

Hey jean welcome to BP! I know a few lenders in the NY area that are great and would be willing to help with building your portfolio. Feel free to contact me in messages. As long as you continue to stay active here you will be just fine the community is amazing.

In my opinion using a LLC would give you more protection against any personal liability. If for nothing else the piece of mind and added flexibility would be well worth the extra steps. When in doubt always consider consulting a real estate lawyer for added clarity.

Hey welcome to BP! Starting a team of solid pros is important to any investor. This is definitely the place to do it, I'm always looking to embark on joint deals and help in anyway possible. What specific type of properties are you looking to buy and rehab? Have you narrowed down your areas of interest? Message me if you'd like to connect. Best wishes!