All Forum Posts by: David S.

Chiffon - 

Which hard money lender are you using, how did you choose them and have you had a good experience so far?  I'd appreciate a recommendation.

thanks

Dave

Hi BP Community -

Last weekend I met a friend's dad at a dinner, and we had a great chat about real estate. Turns out he's a 40-year RE veteran who works for a large family-run firm that owns & manages 150 rental properties in Manhattan. We got on to the subject only bc he asked me what I do, and instead of telling him about my current unrelated job I instead told him about my goal to get into multi-family rehab & rental over the next few years. It was like the stars aligned and I think he could be a great contact.

I followed up with him today and suggested we meet for coffee so I could learn more about what he does, and maybe bounce a few ideas off him. At a minimum I think he could be a good sounding board to poke holes in my thinking. At most he could be a potential mentor or investor. He invited me to come visit his office over the next few weeks.

I started to put together some questions but figured it might be a good subject for the BP forums. So I ask you, friends: if you were looking to get started and had an opportunity to sit down with a seasoned vet who has spent decades in this industry, what questions would you ask?

As a point of background, I live in Brooklyn and am looking to build a team to start buying and rehabbing multi-family properties. I have done two deals already (i.e. buy, rehab, rent, sell) and would like to transition over the next few years from my current job in finance to working on RE full time.

I’d love to hear your thoughts, and as a bonus if you have a good question that I ask and get a good answer, I’ll make sure to share it with you.

Food for thought!

Thanks,

Dave

Hi Joe - I'd like to attend this event as well.  I tried to PM you but the system wouldn't allow it unless we are colleagues.  Please send me the link to sign up.

thanks
Dave

Hi Jill - 

I'm also relatively new to BP and am looking to start up in the same geographic area you mention.  I live in Park Slope and have done two deals (bought, renovated, rented & sold) in New York City.  One was a coop in Manhattan and the other is a multifamily in Park Slope. 

I'd be interested in talking about our goals and experience to see if they line up.  

thanks
Dave

Hi All -

I'm new to BP, also located in Brooklyn.  Looking for multi-family rehab deals.  If anyone has wholesaler contacts or similar interests please reach out to me.

thanks
Dave

Hi Karen -

Have you had any luck connecting with wholesalers, or are you getting into wholesaling yourself?

I'm new to BP and looking for wholesalers in Brooklyn.  Specifically I'm interested in multi-family rehab deals.  Please let me know if you have any recommendations.

thanks
Dave

Hi Viktor & others - 

I recently joined BP and am looking for a wholesaler in BK.  I found this thread from a few years back based on a keyword search.  Viktor I'm wondering how things have unfolded for you, have you had any success building your network and your wholesaling business?  I'm interested in looking at multi-family deals, specifically listings in need of rehab.

I have done a few deals but am looking to transition into becoming more active.  Please let me know if you have anything of interest or suggestions.

thanks
Dave

Hi - 

I'm looking to invest in multi-family properties in the NYC Metro area for purposes of fix & flip.  I live in prime Brooklyn, which is a very expensive area for a startup operation.  

I'm looking for suggestions for a geographic area to focus on that represent better value but are ideally not too far from home.  I'm not a NY native (though I have been here for ~17 years) so I don't know the surrounding areas as well.

I'm looking for areas with aging housing inventory (i.e. lots of fixer-uppers) that has shown good resale value for renovated properties.  The ideal area would be close to express stops along the MTA subways, LIRR, Jersey Transit, Metro North (i.e. decent commute times into the city).

Can anyone suggest geographic areas with potential and reasonable value that would be good a good fit?

thanks
Dave