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28 May 2024 | 3 replies
I'd highly recommend looking at going to the Investor lab events or join the local REI.
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28 May 2024 | 5 replies
That said, I'd recommend focusing on locations with high sales volume as you will have more options to choose from in these locations.So far this year, 240 multifamily properties (2-4 units) have sold in the Bronx - Source OneKeyMLSThe neighborhoods with the most sold properties are:- Wakefield and surrounding North Bronx neighborhoods (31 sold in '24)- Throggs Neck and surrounding Southeast Bronx neighborhoods (31 sold in '24)- Pelham Gardens (30 sold in '24)- Pelham Bay (28 sold in '24)These areas account for 50% of the recent Bronx multifamily sales... focus here to have more options!
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29 May 2024 | 9 replies
Being that you are out of state, I would highly recommend that you work with one of them.
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23 May 2024 | 43 replies
You'll get high quality tenants who can pay their own rent and they pay on time.
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28 May 2024 | 1 reply
I've heard Stessa and Buildium for the most part but find it's actually very difficult to use for the average small scale landlord (I have 7 doors)The cost of Buildium I think is way too high for the small scale self managed landlord like myself. 7 units comes to $55/monthAs for Stella, the UI isnt the greatest and probably tailored for more property management companies, and the accounting features are rather lacking for Canadian tax laws.
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28 May 2024 | 1 reply
I would highly encourage you consider House Hacking.
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28 May 2024 | 13 replies
I had one accountant give a quote that was quite high for a small number of properties, and Quickbooks eliminated their desktop platform.
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28 May 2024 | 6 replies
Their opportunistic fund returns IRRs in the high teens / low twenties.
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28 May 2024 | 4 replies
@Brett Deas,there are several factors here:First, if your investor base is used to specific assets, where they have full(ish) visibility of the asset, convincing them to invest in a blind pool fund is hard.Second, it looks like you graduated high school a couple years ago, so presumably your track record is only 2 yrs old.
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28 May 2024 | 25 replies
Taxes are also paid up, however the place is vacant now and the grass is 2 feet high.