If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

It just looks like I can command higher rents more consistently in Cleveland than Akron or Canton, hence my interest.

I understand the capital region, the Adirondack region, and Western New York (Rochester and Buffalo) have their strengths and weaknesses, but I'm going to focus on this central part of the state.Binghamton is my favorite investment market for a few reasons, but it's not for everyone.STRENGTHS-  low prices-  blue collar overall, meaning lots of resources for contractors-  growing university, consistently growing rents-  I expect to see an actual 10% cap rate here, higher if the property needs work-  compared to downstate, permitting, evictions, etc. are simple and quick-  no code compliance inspections required on existing multifamiliesWEAKNESSES-  no. natural. appreciation.

My best advice would be to act quickly and be consistent. 

There is a difference between an operator who did not communicate any problems until the email about the capital went out and the operator who was constantly updating investors on the asset and the difficulties and challenges and preparing investors for the possibility of a capital call prior to actually going through with a capital call.I think the biggest lesson I have learned as an LP over the past few years is that I will absolutely require consistent, thorough and realistic communication from any operator I invest with. 

Screening criteria should be applied consistently to avoid discrimination based on factors such as race, gender, or familial status.- Peace of Mind: Knowing that your property is occupied by trustworthy tenants who have undergone rigorous screening provides peace of mind.

Trying to wholesale while it can work its like I said very tough to do and your going to have a ton of deals fall out because of the inherent marketing times for dirt.And when your talking about commercial property its even worse.. you will not sell it unless your basically giving it away UNTIL you find a user.. and buyers of commercial are far more sophisticated than buyers of a rural parcel looking to build a cabin or a builder looking to build on infill in a city.In northern CA we bought 72 acres of which consisted of 14 parcels of record. 4 of them 5 acres each were zoned industrial this was a small rural county.. we sold the 9 that were for resi purposes in the first few years.

Are you able to consistently sell deals through it ?

As the foundation of real estate investment analysis, underwriting allows us to evaluate potential returns and associated risks accurately, ensuring informed and confident investment decisions.Understanding critical metrics like Net Operating Income (NOI), Capitalization Rate (Cap Rate), Debt Service Coverage Ratio (DSCR), Gross Rent Multiplier (GRM), and Cash-on-Cash Return is essential.

When starting out, I would rather you focus on a marketing approach that you will be consistent with for 5-6 months.