My business partner and I own a number of properties throughout the Hudson Valley, some of which we renovate and flip, some of which we're holding long term as rentals.I am looking to develop a relationship with a professional insurance agent that has access and familiarity with a number of surplus lines policies that can cover rental properties, as well as vacant properties and some occasional builder's risk.If you have interest and experience with this, and can handle 20-40 different new purchases a year, please reach out to me.Thanks!

My business partner and I own a number of properties throughout the Hudson Valley, some of which we renovate and flip, some of which we're holding long term as rentals.I am looking to develop a relationship with a professional insurance agent that has access and familiarity with a number of surplus lines policies that can cover rental properties, as well as vacant properties and some occasional builder's risk.If you have interest and experience with this, and can handle 20-40 different new purchases a year, please reach out to me.Thanks!

I was expecting renovation costs of around $60k and went over budget to $75k when the house initially finished and had to put in another $5k after the inspection.

For my freshly renovated units I am getting between $700-$750 in "okay" neighborhoods on the city side.

Part of my still seeking affirmation about my "project", and part of me thinking: "Wow.

I am currently a commercial Superintentdent building mostly large box retail from 100,000 - 1,000,000 SF projects nationwideI have extensive construction experience but little rental experience.

We've been laying the groundwork for a move to a larger property via running these 22 (soon to be 23) units successfully on our own, and by participating in syndications as passive investors where we learn at the feet of investors much more experienced in large multi-family projects.  

Alex Sanchez , Nino Alfano is a GC in the west suburbs that handles both cosmetic and large gut rehab projects.

(It's actually a property that I've eyed for a couple years, just daydreaming, & reached out to the owner llc during that time but never heard back). tl;dr My idea so far to purchase would be a short term 12-16 month hard money loan, 80% purchase w/ 100% renovation, with private money coming in to fund the 20% & points, refi'ing into a conventional note with my local lender who I have a decent relationship with when the first note balloons. 

The 1st floor condo is currently utilized as a commercial office space and the layout is set-up without a full bath, proper kitchen, etc, but just right for a smaller office.The other 2 units are regular condos for families.I'm trying to figure out what option I am better off with:Option 1: Leaving the first floor unit condo as a commercial space, renovating it and trying to find an office to occupy it.orOption 2: Invest in doing a full kitchen and a full bath to make it a proper Tenant rental.Option 1 seems like it will be more economical but there is a risk it will take longer to find an office to rent the space vs a tenant, and the loss I take on finding that commercial renter may offset what it would cost to re-do the whole unit by investing in a full bath, kitchen, etc.I'm also wondering whether I'm better off having all 3 units be tenant-rental condos if it makes it easier to sell down the road or should I just consider keeping 1st unit as a commercial space and take the chance?