All Forum Posts by: Steve Wolfrey

Hi, 

Looking at some multi families and SF for rentals in Norwich CT. Was hoping someone could give me some insight on the Norwich CT rental market! Thanks in advance!!

Hi - Looking at a Mixed use property (5 apartment units and 2 retail spaces). Looking for my options in terms of financing? Is a commercial loan the only option since there is retail? 

Thank you! That’s what I was thinking. What state, if you don’t mind me asking, are you buying the duplex? Thanks again!

I know the seller is motivated because they were present and leading the property tour. I guess what I am asking is based on the few numbers I provided what would people offer for it to make sense to them. I apologize for this being an unanswerable question. 

Hi, 

So I have a deal that I am looking for some guidance on. Duplex (1st floor retail, 2nd floor 2/1 apartment). Seller is putting off the vibes that they just want to get rid of the property but aren’t going to give it away. Current list price is $400k. Needs approx $30k in rehab. If total Projected rents are $2700/mnth. Taxes $3600/yr. What would you offer if you wanted it to cash flow with a standard down payment? Numbers don’t work without low balling but figured I would ask the BP crowd to see if I am missing something. Any owner financing ideas to make it cash flow?

Interesting! I just assumed a condo could have amenities similar to a hotel but added bedrooms for a larger family. Will Look into some SFH in areas that allow STR. Thanks!

BP Fam, 

New England Investor interested in purchasing an Orlando condo to Airbnb. Any advice, tips or tricks. Looking at 2 to 3 bedroom condos. Any comments on potential profits? 

Thanks Fellas! Tom I am looking for a deal sourcing/lending partner. Looking for someone who is good at sourcing legitimate deals and assist with funding. I would provide Construction Management and full transparency with the subcontractor/vendor pricing. Profit split at the end of a successful project. 

Hi - I am a licensed GC and have 20+ years of construction experience. Also have access to many reasonably priced subcontractors. Have flipped a few houses in the past. My question - what is the best way to find a real estate partner? Looking for someone who doesn’t struggle finding deals but struggles with the rehab aspect. Thanks