All Forum Posts by: Stefan Huber

Hi all, 

Has anyone had NYSEG install an additional electric meter on their rental in Putnam County, New York? What was the process like and how much did it cost? 

The wiring inside the house should be fairly simple for an electrician to do, but also interested in your cost here as well. 

Thanks!

Stefan

@Mark Albini and @Filipe Pereira thanks for the response!

Mark- I am definitely not opposed to investing outside this radius in the future, but I do want to be within that radius to start this way it can be a little bit more hands on and be as much of a learning opportunity as possible.  I will be in contact with you! 

Filipe- Do you have any suggestions as to some strong rental markets that I should look into?  I have been checking out Meriden, New Britain and Naugatuck as well and these seem to be decent options. I plan to take a ride to Connecticut this weekend to get a boots on the ground view of the areas and want to make sure that I get a comprehensive view of the Hartford area. 

Thanks again for all of the information!

Hi everyone!

I am at the stage where I am ready to get into my first deal (I have saved enough, my credit is excellent and I have the time to do so) but I am still unsure of the right market.  Being from Long Island New York the barrier to entry is so high for anything in the local area and cash flow is tough to come by.  I have analysed many areas outside of the metro New York area in the surrounding states and further upstate but have been discouraged by the fact that in all of these markets, such as the smaller Connecticut markets like Waterbury and areas such a Poughkeepsie New York, populations have been declining over the past decade due to the cost of living and the departure of manufacturing.  

Could anyone point me in the right direction as to a market (preferably within 2 hours of NYC) that has the potential for or is experiencing growth while maintaining a relatively low cost of entry into the multifamily space?  

Any advise is much appreciated!!
 

Please use this link to access the analysis...  It's a google sheets doc that I designed for analysis..

https://docs.google.com/spread...

Hi!

I have been running the numbers on several Easton single family properties.  I am looking to start in SF because of the ability to pass off utilities and lawn/snow care to the tenants with relative ease.  I am focusing on the Wilson Borough of Easton because of the highly rated schools in that area and because it seems to be the more gentrified area within Easton.  

If anyone has any experience in the area, would you mind taking a look at my analysis for the SF attached?  I would love any feedback on that or on investing in the area in general!

Thank you everyone so much in advance!!

Hi All,

I was wondering if anyone had any suggestions for a good realtor and property manager in the Allentown, Bethlehem, Easton areas.  

I am looking to do my first deal within the next 1-2 years and want to begin constructing my team.

Any help is greatly appreciated!

Thanks,

Stefan

Since I was unable to attach my spreadsheet, here are the analysis numbers in short:

Monthly Cash Flow: $406.33
Annual Cash Flow: $4,875.98
Cap Rate: 13.41%
Annual ROI: 7.17%

This based on a 20% down payment, 30 mortgages at 3.99% with 25% of the monthly cash flow taken out for vacancy, repair, and miscellaneous expenses as well as 10% deducted for property management.  Taxes and insurance of $200 (estimate) are also factored in. 

The rents are $950 a month across all 4 units.

Hi All,

I have come across a four-plex in Easton PA which I think could be a very interesting first investment.

I will include my property analysis, so please let me know what you think!!  

I was wondering if anyone could help me with a few questions:

1. 1. What is good cash flow for properties in this area? My research has shown about $100 per unit
2. 2. What is a good basis for a per unit cost in this area? My research has shown about 80-90K per unit
3. 3. What are the best areas of Easton/ is the south side of Easton a decent neighborhood? I know that the best way to find this out is to go there but at this point, I want to know where to look to narrow down me speculations. 
4. This property is on the south side of Easton for 340k.  It has 4 2 bedroom 1 bath apartments. Newish roof and all split utilities. 
5. To me, it seems like a great investment considering everything is relatively new.
6. Please let me know what you think!