@Wayne GreenhalghDM me, and I will connect you with our attorneyGino

Now we are looking to purchase our first Multifamily apartment deal.

They handled foreclosures and any kind of litigation for our properties there.

Short Story: Started LLC with a partner(family member) with the intent to begin our joint real estate venture.

I'm a fellow house hacker here and we are keeping separate accounts for our duplex income/expenses.

I am wanting it to be a win/win situation for everyone so we all walk away happy and with money in our pockets.

There are quite a few investors who attend that meeting and usually a few contractors.If you need any other referrals for your team let me know. the people on our team are great at what they do.

Would hate for you to get to the same situation as we did where we paid hundreds for appraisal, let our bridge loan tick away for weeks leading up to refinance, and only find out this info at the end of the process where we get our rates switched on us.

I will give you some of my highlights.People in Texas complain about their property taxes at 3% ours are about 4.5%.New York in general and Monroe county specifically are very tenant friendly.Depending  on the town, the code inspectors/police can be quite anal.Since Covid and the 2020 protests we’ve seen an increase in crime in the city and therefore weakening demand in the city proper and increasing demand for the suburbs.Industry is well diversified—University of Rochester (medicine) L3Harris (defense) xerox (IT) and paychex (software/hr)) and relatively recession proof.Population growth is low and therefore appreciation (except the past 4 years) has been moderate as well.There aren’t many builders in the area so supply is relatively fixed.Home (and rent) prices are both affordable with homes typically being less than 1/3 median household income and rent being similarly affordable.For single family homes at 8% rent will cover piti with about 100$ to spare in the A areas.

Took our last payment from the hard money and walked off for close to a month.