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All Forum Posts by: Thomas Polise

Thomas Polise has started 3 posts and replied 16 times.

Post: Catskill Rental Property Investments

Thomas PolisePosted
  • Rental Property Investor
  • New York
  • Posts 16
  • Votes 9

Wanted to bump this thread and see if anyone else has invested in Catskill? I just purchased a unique property in Catskill and would love to hear from others. 

Post: Mobile Home Park Inspections and Due Diligence

Thomas PolisePosted
  • Rental Property Investor
  • New York
  • Posts 16
  • Votes 9

@Daniel Ryu

I'm Mitch's partner in this transaction. We are curious if you have any thoughts on mobile homes in New York state. We understand there are more rules and regulations within the state. If you have any details or advice as to how we should think about our risks and what we could potentially do to mitigate them, that would be very helpful. 

Post: First Investment- Triplex in North Philadelphia

Thomas PolisePosted
  • Rental Property Investor
  • New York
  • Posts 16
  • Votes 9

Really great investment. Good find!

Post: 6-unit buy and hold in Philadelphia

Thomas PolisePosted
  • Rental Property Investor
  • New York
  • Posts 16
  • Votes 9

Investment Info:

Large multi-family (5+ units) commercial investment investment in Philadelphia.

Purchase price: $497,000
Cash invested: $174,000

6-unit in East Oak Lane

How did you finance this deal?

Commercial Mortgage

Post: New Investor from Philadelphia, PA

Thomas PolisePosted
  • Rental Property Investor
  • New York
  • Posts 16
  • Votes 9

Hey Bryan - welcome. I listened to the podcast for years before getting started... but finally have a few under my belt. Just have to jump in. I'm from NJ, live in NYC and invest in Philadelphia.

Multifamily BRRRRs would certainly be nice! Good luck finding some deals! I've been looking for those as well. We recently purchased a 6-unit that could use some work and rents are well below market. Feel free to reach out if you have any questions. Happy to help, although I'm sure others here have much more knowledge and experience. 

Post: Philadelphia Mortgage Lender - Credit Union or Community Bank

Thomas PolisePosted
  • Rental Property Investor
  • New York
  • Posts 16
  • Votes 9
@Michael Duggar have you tried a hard money lender? They’re typically much more open to flips and rehabs.