All Forum Posts by: Taylor Pariseau

Hey Carlo - I'm in the same area as you (Let's connect!). I've had good luck with Schenectady and Troy for low cost housing rentals. However, most properties in this area, if not all, will require some major renovations just giving the average age of homes in this area. Expect to pay at the higher end of your budget for something turnkey.

Watervliet, Waterford, Niskayuna, Wynanskill tend to have more rental properties with less renovations needed, and I don't think you'll have a problem with a budget of 150k. However, I've seen very little in these areas lately for multi-families. There are a few big name investment firms in our area that tend to snatch up good deals before they are placed on MLS unfortunately.

Best of luck! :) Hope you find what you're looking for!

Hi Team! Would love to get suggestions / advise on intro to managing vacation and/or nightly rentals. Would love to hear what did NOT work for you in the past, what steps you took before starting a vacation rental, and any articles or books you found particularly helpful on the topic!

Thanks so much for everyone's support! Looking forward to reading your responses

I am looking to set up an LLC to run all REI deals through to protect my little family. I am brand new to this idea and am overwhelmed with the amount of information available.

Please send me your favorite articles / blogs / tutorials / guides on the topic of setting up an LLC, running an LLC, and always the great posts on "things newbies should know" :)

Thank you so much for the awesome responses! I'll be sure to research each and every topic you've mentioned to give me my best shot! 

& Keep the suggestions coming :) Thanks again!

Hi All,

I am looking to learn from your mistakes / shortcomings! Please respond with something you wish you knew when you started your REI adventures which caused you major headaches later.

Thank you!

Thank you for the well thought out reply, @Nick Baldo ! 

I liked your take on the importance of bank relationships. I hadn't thought of this before, thank you! Building a team will be a crucial part of my business to ensure a "smooth" process ("smoother"?). Any major banks you would advise to avoid or that was just generally unhelpful in the past for you?

I also appreciate the mention of available resources. Especially in a self taught industry like Real Estate, research and learning from others is important to build a string business. The more 'documentation' of others successes and failures, the better!

I see you are in the Buffalo area - Sending you a BP connection soon! We likely have similar market types for rental areas so would love to add you to my network to pick your brain in the future. Thanks again!

Hi all! Very excited to join and learn all that I can here. I am an upstate NY software engineer looking for a way out of selling my time. I was convinced of Real Estate Investing as the best alternative over a year ago and am finally ready to get started.

For my first post, I'd like to poll the masses. Obviously, there is no "correct" answer here, but I figure this is the best place to get a healthy array of opinions on the topic!

In your personal opinion, which is better - flipping or renting?
- What are your Pros and Cons of each?
- Does your answer change based on locale?
- If you are 100% on one side of this, please provide your personal reasons!
- If you have successfully done both, please provide some examples of what you liked and didn't like!

Thank you in advance! Looking forward to reading your responses. Also, any other tips/tricks/suggestions for someone getting started are extremely appreciated. Time for me to read the free E-Book! :) Thanks again, all.