All Forum Posts by: Jose Reyes

If you are looking for great cashflow and room to add value in a great area of Hudson NY, NOT Hudson Valley (but not far from that area either), then message me for more details on these properties! I have a few multi-family and single-family properties all fully rented and ready for new ownership. One of the first properties I am looking to sell is a 3-unit property, a 4-unit property, and a large single-family house. They have maintained their beautiful historic architecture and would be a great investment for any serious investor because they are also very close to each other which would make them easier to manage if all are bought together. 

Let me know if you have any questions about this deal.

I also have other deals in Albany, and other states like North Carolina and Florida, so let's connect if you want to invest together!

If you or someone you know is interested in investing in Hudson NY, then contact me @ (407)784-1913

Looking to find out who has the best construction crews in the Ocala FL area. Hope my fellow investors can give me some insight!

Anyone doing flips in the Ocala market? 

Looking to find out how has your experience been?

Ball park on what returns were like for you?

How many do you aim to do every year?

Tenants pay all utilities

Expenses: Taxes $3,100 Insurance $800

Gross income: $22,800

Great tenants with 2 years leases. This deal won't last!

PM me For more details or Check out link to the post in the marketplace!

Reference: (MARKET PLACE)  https://www.biggerpockets.com/forums/517/topics/508479-turnkey-2-family-troy-ny-great-area-cash-deal-wont-last?page=1#p3112651

Hello Biggerpockets,

Looking to hear from professionals that have experience with foreclosures. (Location: Westchester NY) 

I'm trying to find additional information on a foreclosure that I found in a classified ad. On the ad, it did not give an address.

I've called the bank who referred me to the clerks office, who then referred me to the attorney's office, who then referred me to the referee. With that being said, nothing was resolved. 

Before this property goes to auction I want to do my due diligence, so if you've ever had a situation like this and know how to overcome this and get an address, your help would be greatly appreciated! 

I'm looking forward to hearing back from you guys and thank you in advance for your consideration! 

Hi Biggerpockets Community,

I need some insight on a deal I've been working on and I'm eagerly looking forward for your expert opinions.

I live in a neighborhood where real estate in really hot at the moment. I did some market analysis on my area and the on average sales price in the area is $550,000 when a property is fully renovated.

The good thing about this area is there's a lot of houses that still are in bad condition and need rehab. These houses have sold between $215,000-$275,000.

The property I am working on is a probate. After extensive research and having been helped locating the owners of the property, I've finally found it.

The property is with an attorney's office. They've informed me that the house was just recently shut down and they're in the process of evaluating the property for auction.

I believe I am early in the process, which I think is a good thing. Now, my mission is how do I pursue this opportunity moving forward.

The fact that this property will be going to auction is where I have many question because I've never been to an auction and don't know how they operate.

My strategy for financing.

I work a full time job. I have a decent credit score. Down side, My cash is held up in my multi family properties that are being renovated.

My next step is probably going towards obtaining a Hard Money Loan.

I understand the hard money process because I've went through it before and for this property knowing the profitability in it, I have no problem with the points and high interest.

My question: because the property is going into auction does this mean; I have to come with cash? And if I want to purchase by using hard money. Is it possible to get pre approved for the funds to purchase this property?

If I'm totally off by this way of thinking, then I'm doing myself a solid by asking what should I do in this situation???

Strategy #2.

Going to the auction with a cash partner. If this is the only option for me, then I'm asking; what are the best strategies on attracting cash partners as soon as possible before this deal slips through the cracks???

Thank you all in advance for your consideration I'm looking forward to hearing your responses. I'm sorry in advance if this a ever lasting blog post. I'm just trying to be as detailed as possible.

Please share your knowledge. 

@Tyler Mullen,

Thank you a lot for taking time out of your day to give me input. It is greatly appreciated. You're absolutely right on with the "Why Not" mentality. I'm going to keep at with the lawyers and see if I can make a stride in the right direction. 

Best regards,

@Bob Okenwa thank you for your insight. It is greatly appreciated!

Hi Biggerpockets Community,

I need some insight on a deal I've been working on and I'm eagerly looking forward for your expert opinions.

I live in a neighborhood where real estate in really hot at the moment. I did some market analysis on my area and the on average sales price in the area is $550,000 when a property is fully renovated.

The good thing about this area is there's a lot of houses that still are in bad condition and need rehab. These houses have sold between $215,000-$275,000.

The property I am working on is a probate. After extensive research and having been helped locating the owners of the property, I've finally found it.

The property is with an attorney's office. They've informed me that the house was just recently shut down and they're in the process of evaluating the property for auction.

I believe I am early in the process, which I think is a good thing. Now, my mission is how do I pursue this opportunity moving forward.

The fact that this property will be going to auction is where I have many question because I've never been to an auction and don't know how they operate.

My strategy for financing.

I work a full time job. I have a decent credit score. Down side, My cash is held up in my multi family properties that are being renovated.

My next step is probably going towards obtaining a Hard Money Loan.

I understand the hard money process because I've went through it before and for this property knowing the profitability in it, I have no problem with the points and high interest.

My question: because the property is going into auction does this mean; I have to come with cash? And if I want to purchase by using hard money. Is it possible to get pre approved for the funds to purchase this property?

If I'm totally off by this way of thinking, then I'm doing myself a solid by asking what should I do in this situation???

Strategy #2.

Going to the auction with a cash partner. If this is the only option for me, then I'm asking; what are the best strategies on attracting cash partners as soon as possible before this deal slips through the cracks???

Thank you all in advance for your consideration I'm looking forward to hearing your responses. I'm sorry in advance if this a ever lasting blog post. I'm just trying to be as detailed as possible.

Please share your knowledge. 

Hi Biggerpockets Community,

I need some insight on a deal I've been working on and I'm eagerly looking forward for your expert opinions.

I live in a neighborhood where real estate in really hot at the moment. I did some market analysis on my area and the on average sales price in the area is $550,000 when a property is fully renovated.

The good thing about this area is there's a lot of houses that still are in bad condition and need rehab. These houses have sold between $215,000-$275,000.

The property I am working on is a probate. After extensive research and having been helped locating the owners of the property, I've finally found it.

The property is with an attorney's office. They've informed me that the house was just recently shut down and they're in the process of evaluating the property for auction.

I believe I am early in the process, which I think is a good thing. Now, my mission is how do I pursue this opportunity moving forward.

The fact that this property will be going to auction is where I have many question because I've never been to an auction and don't know how they operate.

My strategy for financing.

I work a full time job. I have a decent credit score. Down side, My cash is held up in my multi family properties that are being renovated.

My next step is probably going towards obtaining a Hard Money Loan.

I understand the hard money process because I've went through it before and for this property knowing the profitability in it, I have no problem with the points and high interest.

My question: because the property is going into auction does this mean; I have to come with cash? And if I want to purchase by using hard money. Is it possible to get pre approved for the funds to purchase this property?

If I'm totally off by this way of thinking, then I'm doing myself a solid by asking what should I do in this situation???

Strategy #2.

Going to the auction with a cash partner. If this is the only option for me, then I'm asking; what are the best strategies on attracting cash partners as soon as possible before this deal slips through the cracks???

Thank you all in advance for your consideration I'm looking forward to hearing your responses. I'm sorry in advance if this a ever lasting blog post. I'm just trying to be as detailed as possible.

Please share your knowledge.