All Forum Posts by: Tzvi Balsam

@Curtis Yoder 

I guess my next question is can I buy a property since I see I am getting a property below market value, even though it makes no sense from an investor's perspective. just so i can resell it aftewards but I risk having to stay with it.

@Sean Jordan

Pm me, might have some interesting stuff i can send your way.

@Jay Hinrichs 

Thanks thats what I wanted to know.

I meet Investors looking to crack in, and have no clue to calculate vacancies and managment .....  All they care about is that the rent should cover the mortgage.

@Account Closed

Definition of over paid to me is as follows:

It has a low cap rate, cash flows close to 0, only reason he is buying it is to build equity. and he has no clue what he is doing, and has no clue how to calculate numbers.

@Tony Castronovo

So happy you shared this I will come back and read this again, Just brings to show how carefull we have to be with Due Diligence.

@Daniel Colamartino

Come to NJ the market is hot in hudson county.

@Account Closed

I would like to hear actual stories people had where buyers over paid by large margins.

@Evan Wiesner

What was your experience selling through them did they come through ?

@Duke Hartman

I had the same problem, when I bought my home so I maxed out my Credit Cards, And I am still in debt from it.

@Paul Hormann @Marcia Maynard

Talking from an investors perspective, it really depends on the neighborhood, in NYC where gentrification is rampant, there are neighborhoods where you can redo an apartment and raise the rent from $900 to $1800 renovating becomes a lucrative investment.

But in most cases it wont make sense to put in that much.

And I want to add I agree with Marcia sound like a humble Investor I commend you for it its tough to find such people out there.