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3 September 2024 | 10 replies
I'd recommend finding some properties with lighter rehabs to start so that you can build up experience quickly as experience is the largest factor when determining your loan options as a lender.
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2 September 2024 | 5 replies
Being 1.5hrs of NYC gives you a lot of options, even Long Island (which typically has more options for public commute into NYC).Give me a shout if you'd like to chat more, I have a handful of case studies on my site as well from deals I've closed/brokered that match the househacking criteria you're aiming for.
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2 September 2024 | 8 replies
I currently own 1 SFH and 6 multis of various size the largest being 8 units.
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4 September 2024 | 84 replies
One of the largest competencies of REI is scalability through other people's time (OPT), often times carried out through PMs.If your goal is to own a smaller portfolio, then perhaps doing your own property management makes sense.If you want to acquire medium to large scale apartment buildings, then you probably won't even get a loan from a commercial bank without proof of using a PM with a solid reputation.
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27 August 2024 | 1 reply
I’d love to connect with some of the more experienced RE investors in and around the Rhode Island area.
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30 August 2024 | 3 replies
I have had office space in Astoria for 5 out of my 7 years in the business and it remains my favorite place to work.Newer developments present a wide range of opportunities, including:Affordable housing rental unitsNew high-rise condominium buildings Small boutique condo developmentsMixed-use buildings2-4 family new-construction residential propertiesFilm studiosAstoria’s high cost of living is akin to other neighborhoods in the ‘outer boroughs’ with Manhattan views or proximity to the island.
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30 August 2024 | 29 replies
I currently have a Duplex that cashflows very nicely in Rhode Island.
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30 August 2024 | 4 replies
My thought is, hopefully, I can get something a little nicer or slightly cheaper by being a 20 to 30 minute drive to Bodie island.
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29 August 2024 | 23 replies
Quote from @Michael Plaks: Quote from @Kory Reynolds: For my clients real estate businesses they pay between $4,000 and $650k purely for tax prep and tax consulting, Tell'm I can do it for $645k ;) I'd be happy to do it for $640k AND I'll personally fly both myself and the client (/client's family) to review their return together in-person...on an island in the Caribbean. ;)
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29 August 2024 | 13 replies
The sponsor's largest source of revenue is in the promote, which in most cases isn't realized until the sale.