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9 August 2024 | 0 replies
We are conservative investors since we will be out of the country eventually.- These total 10 duplexes should bring in 30K gross rent per month and cash-flow about ~3-4K/month.We don't plan to use any of the cash-flow for personal expenses and after keeping sufficient reserves, we will funnel the cash-flow to pay-off existing properties.
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8 August 2024 | 2 replies
On paper, our municipality looks more dangerous, but if you spent 10 minutes on the ground you would realize the reverse is true.Some parts of the country basically have a "catch and release" program for criminal behavior.
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5 August 2024 | 11 replies
Want to stay in the middle of the country – not too far north or south.
12 August 2024 | 22 replies
Both across the country and in different asset classes so that the information is applicable to many people.
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15 August 2024 | 86 replies
Beyond adding to the appreciation our housing stock is a majority crappy and old so expectations are lower than other parts of the country in what they expect for their money.
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8 August 2024 | 19 replies
Rochester has a lot more in common with Buffalo than, say, Troy or the Hudson Valley.If we're getting that specific, there are a few more areas to consider.AdirondaksNorth Country - Watertown, Potsdam, etc.Long Island (very different than NYC)The Finger LakesWith that many regions, I think it's better to just use city names rather than regions.
9 August 2024 | 9 replies
Berkadia is the #1 Freddie Mac and #2 Fannie Mae multifamily lender in the country - reach out if you need a quote.
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7 August 2024 | 1 reply
I have purchase properties in Texas with foundation problems that would make people run in fear in other parts of the country.
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9 August 2024 | 8 replies
Once they find out I'm not in the country, they seemingly lose all interest.
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8 August 2024 | 4 replies
I’ve also thought about self storage and in many places in the country you can get into a facility for $250K.