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DansDeals Forum => General Discussion => Topic started by: jungarmtl on August 25, 2015, 09:00:38 PM

Title: Real Estate investment
Post by: jungarmtl on August 25, 2015, 09:00:38 PM
I don't see a threat for this so i will start here

What places and what type of investment is good to start up if you some cash to invest?
Title: Re: Real Estate investment
Post by: Brian93 on August 25, 2015, 09:01:50 PM
I don't see a threat for this so i will start here

What places and what type of investment is good to start up if you some cash to invest?
The threat is real
Title: Re: Real Estate investment
Post by: DMYD on August 25, 2015, 09:03:57 PM
Your topic says Real Estate
Title: Re: Real Estate investment
Post by: Freddie on August 25, 2015, 09:50:41 PM
I don't see a threat for this so i will start here

What places and what type of investment is good to start up if you some cash to invest?

How much cash?

Go drive a couple hours out of NY and buy a house.
Title: Re: Real Estate investment
Post by: jackofall on August 25, 2015, 10:42:10 PM
Go to the secondary markets like the Midwest. Lots of hot markets there yet better yields than primary markets.
Title: Re: Real Estate investment
Post by: MAJ on August 26, 2015, 02:44:05 PM
crowd funding?
Title: Re: Real Estate investment
Post by: Yammer on August 27, 2015, 01:57:20 AM
The threat is real
+1
Title: Re: Real Estate investment
Post by: twentie4hrs on November 02, 2015, 11:36:32 AM
Looking for large, value-add, off market deals…Can be any market so long as the investment makes sense.

PM
Title: Re: Real Estate investment
Post by: Tovia on January 19, 2016, 10:33:02 PM
The closer to home the better, you don't wanna fly every time you need to visit the property.
Title: Re: Real Estate investment
Post by: aygart on January 19, 2016, 11:52:26 PM
The closer to home the better, you don't wanna fly every time you need to visit the property.
why would you need to visit the property?
Title: Re: Real Estate investment
Post by: Palm5 on January 20, 2016, 12:03:50 AM
Looking for large, value-add, off market deals…Can be any market so long as the investment makes sense.

PM

Aren't we all. PM me as well if there are in fact principals on here.
Title: Re: Real Estate investment
Post by: Tovia on January 20, 2016, 12:19:26 AM
why would you need to visit the property?
First of all you will need to be there when looking for properties, closing the deal, then comes the managing part, of course you will need a good and honest property manager (if its a small property like 3-6 family it will be hard to find one) which will take off a big part of your profit, then you will need to stop by at the property from time to time to make sure the property manager doesn't suck up your money on phony repairs and stuff.
Title: Re: Real Estate investment
Post by: palm tights on January 20, 2016, 12:39:04 AM
I have deals in Bushwick and ridgewood in nyc area
Title: Re: Real Estate investment
Post by: Tovia on January 20, 2016, 11:16:21 PM
Can you PM me with the details please?
Title: Re: Real Estate investment
Post by: isrealsuits on April 17, 2016, 04:04:57 PM
Anyone invest in Middletown NY Multi family dwellings?
what were your'e experiences?
Title: Re: Real Estate investment
Post by: Mordyk on April 17, 2016, 04:16:58 PM
Anyone here invest in real estate crowd funding?
Title: Re: Real Estate investment
Post by: yomo on April 17, 2016, 08:54:55 PM
Anyone familiar with Albany?
Title: Re: Real Estate investment
Post by: churnbabychurn on April 17, 2016, 09:00:20 PM
Anyone here invest in real estate crowd funding?
Looked into it briefly once. - Looked scammy to me. - But i'm a professional skeptic
Title: Re: Real Estate investment
Post by: good sam on April 17, 2016, 09:05:19 PM
Anyone here invest in real estate crowd funding?
Very iffy from a legal perspective.
Title: Re: Real Estate investment
Post by: Dr Moose on April 17, 2016, 09:09:40 PM
Anyone invest in Middletown NY Multi family dwellings?
what were your'e experiences?
I work in property management up there.
Title: Re: Real Estate investment
Post by: Palm5 on April 17, 2016, 11:39:30 PM
Anyone here invest in real estate crowd funding?

Fundrise
Title: Re: Real Estate investment
Post by: Mordyk on April 17, 2016, 11:40:29 PM
Fundrise
U invested over there? Or just mentioning a lace to invest?
Title: Re: Real Estate investment
Post by: isrealsuits on April 18, 2016, 09:40:13 AM
I work in property management up there.
And.....?
Title: Re: Real Estate investment
Post by: Dr Moose on April 18, 2016, 09:56:28 AM
And.....?
And what would you like to know?
Title: Re: Real Estate investment
Post by: isrealsuits on April 18, 2016, 10:43:03 AM
Whatever you can tell me
Price  vacancies issues
Are the properties going up in value? Cap
Realstic ROI(not on paper what I could be)?
Any thing else if you were me you would want to know

Title: Re: Real Estate investment
Post by: Dr Moose on April 18, 2016, 11:54:04 AM
Whatever you can tell me
Price  vacancies issues
Are the properties going up in value? Cap
Realstic ROI(not on paper what I could be)?
Any thing else if you were me you would want to know
PM
Title: Re: Real Estate investment
Post by: Moshke on April 18, 2016, 12:08:27 PM
(http://uploads.tapatalk-cdn.com/20160418/ac865efb33bd6fb4d25456f3bbad1e52.jpg)

What do you guys say to this ?
Title: Re: Real Estate investment
Post by: damaxer91 on April 18, 2016, 12:12:42 PM
(http://uploads.tapatalk-cdn.com/20160418/ac865efb33bd6fb4d25456f3bbad1e52.jpg)

What do you guys say to this ?

Looks as legit as can be
Title: Re: Real Estate investment
Post by: Palm5 on April 18, 2016, 12:20:38 PM
Looks like the "buy a house on a credit card״ company.
Title: Re: Real Estate investment
Post by: yuneeq on April 18, 2016, 12:54:08 PM
Anyone here invest in real estate crowd funding?

Why not look into investing in REITs?
Same idea without the trendy startup overhead.
Title: Re: Real Estate investment
Post by: churnbabychurn on April 18, 2016, 02:10:00 PM
Why not look into investing in REITs?
Same idea without the trendy startup overhead.
Also, read the actual fund rise offering docs. - not the glitzy website.
Title: Re: Real Estate investment
Post by: bubble347 on April 18, 2016, 02:52:18 PM
Why not look into investing in REITs?
Same idea without the trendy startup overhead.
Aren't they taxed at a high rate?
Title: Re: Real Estate investment
Post by: Vosizderneias on April 20, 2016, 12:51:35 AM
Why not look into investing in REITs?
Same idea without the trendy startup overhead.
REITS will give you around 5-6% as apposed to crowd funding, at least 10% with an equity position. I'm using a crowdfunding site to fund a deal of mine. It's legit.
Title: Re: Real Estate investment
Post by: SamKey on July 12, 2016, 01:28:31 PM
Have opportunity for low buy-in investment with great return. Email me for details.
Title: Re: Real Estate investment
Post by: yomo on July 13, 2016, 01:40:53 AM
Have opportunity for low buy-in investment with great return. Email me for details.
I'm looking for properties in Tri State area
Title: Re: Real Estate investment
Post by: emjee on July 14, 2016, 07:15:32 AM
I'm looking for properties in Tri State area
+1
Title: Re: Real Estate investment
Post by: Dr Moose on July 14, 2016, 08:47:48 AM
I'm looking for properties in Tri State area
Aren't we all.
Title: Re: Real Estate investment
Post by: Tovia on July 14, 2016, 08:49:48 AM
Aren't we all.
No, some ppl prefer Cleveland...
Title: Re: Real Estate investment
Post by: palm tights on July 17, 2016, 02:39:38 PM
99 belmont ave brooklyn ny ,mixed use , 2 apartments plus commercial , pm me $725k
Title: Re: Real Estate investment
Post by: good sam on July 17, 2016, 02:40:10 PM
Lot size?
Title: Re: Real Estate investment
Post by: Aaaron on July 17, 2016, 03:02:54 PM
(http://uploads.tapatalk-cdn.com/20160418/ac865efb33bd6fb4d25456f3bbad1e52.jpg)

What do you guys say to this ?

Lol.
Title: Re: Real Estate investment
Post by: churnbabychurn on July 18, 2016, 09:34:33 AM
Love the pic
Title: Re: Real Estate investment
Post by: Aaaron on July 18, 2016, 11:53:02 AM
Love the pic

The email looks familiar, I probably know them. You can get an income producing property for half of that though. No views of the harbor like that though ;)

ETA: Yep, I know exactly who that is.
Title: Re: Real Estate investment
Post by: E-MAN on July 18, 2016, 12:52:11 PM
Have opportunity for low buy-in investment with great return. Email me for details.
Email sent
Title: Re: Real Estate investment
Post by: damaxer91 on July 18, 2016, 01:54:56 PM
Lol.

Are they looking to invest or are they looking for investors? Proper punctuation would be helpful
Title: Re: Real Estate investment
Post by: Aaaron on July 18, 2016, 02:05:46 PM
Are they looking to invest or are they looking for investors? Proper punctuation would be helpful

They're Morrocan/Israeli.  I know they invest a lot of people's money.  If I had to guess, you give them 60k, and they by a crap house, rehab it, throw a tenant in, and you collect the rent.
Title: Re: Real Estate investment
Post by: churnbabychurn on July 18, 2016, 03:36:51 PM
They're Morrocan/Israeli.  I know they invest a lot of people's money.  If I had to guess, you give them 60k, and they by a crap house, rehab it, throw a tenant in, and you collect the rent.
What do they collect?
Title: Re: Real Estate investment
Post by: Work-for-ur-muny on July 18, 2016, 11:48:37 PM
They're Morrocan/Israeli.  I know they invest a lot of people's money.  If I had to guess, you give them 60k, and they by a crap house, rehab it, throw a tenant in, and you collect the rent.
Legit?
Title: Re: Real Estate investment
Post by: good sam on July 19, 2016, 07:38:28 AM
What do they collect?
If I had to guess, they take something from investors up front.
Title: Re: Real Estate investment
Post by: Moshke on July 19, 2016, 08:19:28 AM
Legit?
?
Title: Re: Real Estate investment
Post by: Palm5 on July 19, 2016, 08:28:13 AM
Fundrise

Invested. Got two dividends so far based on roughly 10% annualized
Title: Re: Real Estate investment
Post by: Palm5 on July 19, 2016, 08:30:17 AM
Invested. Got two dividends so far based on roughly 10% annualized
U invested over there? Or just mentioning a lace to invest?

Invested. Got two dividends so far based on roughly 10% annualized
Title: Re: Real Estate investment
Post by: Aaaron on July 19, 2016, 09:53:33 AM
What do they collect?

I'm assuming they're into the property for less than the 60k they got up front.  I can sell you a property right now for <10k that would be ready to rent for less than 20k.

Legit?

I've never worked with them professionally, but I've heard good things. 
Title: Re: Real Estate investment
Post by: churnbabychurn on July 19, 2016, 10:31:29 AM
I'm assuming they're into the property for less than the 60k they got up front.  I can sell you a property right now for <10k that would be ready to rent for less than 20k.


And the catch is massive insurance and repairs and maintenance expenses. + Tenant law suits every couple of months+ eviction costs etc.
No?
Title: Re: Real Estate investment
Post by: Dr Moose on July 19, 2016, 10:34:30 AM
And the catch is massive insurance and repairs and maintenance expenses. + Tenant law suits every couple of months+ eviction costs etc.
No?
As is with every real estate investment.
Title: Re: Real Estate investment
Post by: churnbabychurn on July 19, 2016, 10:36:55 AM
As is with every real estate investment.
Some are better than others. - these slums gotta be on the very high end.
Title: Re: Real Estate investment
Post by: Aaaron on July 19, 2016, 11:32:20 AM
And the catch is massive insurance and repairs and maintenance expenses. + Tenant law suits every couple of months+ eviction costs etc.
No?

Turnover and the related costs are the only real issue.  Expenses are minor; about $600/year to insure, some basic maintenance, and a 10% management fee if you're not doing it yourself.  As with every RE deal, a good tenant can make or break the investment. 
Title: Re: Real Estate investment
Post by: palm tights on July 21, 2016, 01:56:43 PM
Any one intrested

99 belmont ave brooklyn ny







 

99 Belmont Ave Brooklyn NY


Mixed Use building delivered vacant - Projected 8.7 Cap Rate



The property is located just off the intersection of two of Brownsville's main commercial strips -- Belmont Avenue and Mother Gaston Blvd.  It is also 1 block from Pitkin Avenue -- the neighborhood's main retail strip.  This is a great opportunity for an investor or an owner/user. 

this brick building has two large 3-BR apartments and commercial space on first floor plus 800 sqf fixed up basement

 

The building is in good condition it underwent major capital improvements in 2002.  Improvements include: new boiler, water heater, electrical, plumbing, stairs, walls, windows and doors, new service and meters for all utilities (water, electric and gas), a finished basement. A skylight was added in 2004 and a new roof was added in 2006. 


NEARBY

TRANSPORTATION

Subways

Lat Sutter Av 0.25 miles

3at Junius St 0.45 miles

Lat Atlantic Av 0.48 miles

3at Rockaway Av 0.49 miles

Lat Livonia Av 0.49 miles


Block/Lot:           3726/40

Lot Size:              20’ X 50’ 1,000 SF

Building Size       20’ X 40'

Stories:                3 plus finished basement

Gross Sq. Ft.:      3,000 (Approx) + 800 finished basement

Zoning:                R6

Assessment         $4,849

Taxes:                 $948

 

*Projected Income:    

*(please verify with your own rental brokers, numbers I wrote are based on feedback I got from real estates owner on that block and few different rental brokers)                                                   

(1) Ground Floor (Store)                 $2000 monthly 

(2) Apartment                                $2000 monthly

(3) Apartment                                $2000 monthly

Monthly total projected income $6,000

Yearly Total Projected Income $72,000


Estimated Expenses:

Real Estate Taxes (Actual)                          $ 948 WOW!

Insurance (Actual)                                      $2,860

Water and Sewer                                        $1,200

Fuel (Gas)                                                 $3,600

Electricity                                                    $650 

Total Expenses                                   $9,258

Projected Net Operating Income    $62,742


Asking 720,000 GIVE YOUR BEST SERIOUS OFFER!

cap rate: 8.7


Lot

Lot sq. ft.1,000 ?Lot dimensions20 ft x 50 ftCorner lotNoBuildings on lot1

Floor Area Ratio (FAR)

Max far2.43 ?FAR as built3.2 ?Maximum usable floor area2,430Usable floor area3,200SF over FAR770

Max FAR depends on several factors including zoning, location and use. FAR values for this property are: Facility FAR 4.8, Commercial FAR 0 and Residential FAR 2.43

Building

Building classPrimarily Two Family with One Store or Office (S2) ?Sq. ft.3,200Building dimensions20 ft x 40 ftStories3Has garagen/aYear built1899 (estimated)Year last alteredn/a ?Certificate of OccupancyClick here ?

Use

Residential units2Commercial units1Residential sq. ft.1,600Retail sq. ft.800Other sq. ft.800

Zoning

District codeC1-3/R6

 


I.m ready to listen to a 689k NET offer




Title: Re: Real Estate investment
Post by: hocker on September 20, 2016, 09:04:31 AM
Anyone interested in providing a construction loan of $190K in cash for a return within 30-60 days of $197K is welcome to PM me.

Pretty straightforward deal.

Extremely Serious Inquiries Only.
Title: Re: Real Estate investment
Post by: palm tights on September 20, 2016, 09:08:17 AM
Anyone interested in providing a construction loan of $190K in cash for a return within 30-60 days of $197K is welcome to PM me.

Pretty straightforward deal.

Extremely Serious Inquiries Only.
Seriously?  Lol
Title: Re: Real Estate investment
Post by: palm tights on September 20, 2016, 09:18:33 AM
Anyone interested in providing a construction loan of $190K in cash for a return within 30-60 days of $197K is welcome to PM me.

Pretty straightforward deal.

Extremely Serious Inquiries Only.
How is my money secured?
Title: Re: Real Estate investment
Post by: Ysturmwind on September 20, 2016, 10:21:49 AM
Anyone here invest in northern NJ?
Title: Re: Real Estate investment
Post by: palm tights on September 20, 2016, 10:32:11 AM
Anyone here invest in northern NJ?
Northern as jersey city ? I am looking for jersey city area ,any leads appreciated
Title: Re: Real Estate investment
Post by: Ysturmwind on September 20, 2016, 10:38:20 AM
I'm look at all over Northern Jersey: Jersey City, Newark, Elizabeth, the Gold Coast. I'll let you know if I find anything and pass  ;D
Title: Re: Real Estate investment
Post by: hocker on September 20, 2016, 01:50:14 PM
How is my money secured?
Extremely Serious Inquiries Only.
If you're serious feel free to PM. YourThe money will be secured.
Title: Re: Real Estate investment
Post by: keetonfurther on September 20, 2016, 06:46:17 PM
I don't see a threat for this so i will start here

What places and what type of investment is good to start up if you some cash to invest?

Well the thread says real estate but your question seems general. With that being said, and the fact that I saw someone mention crowdfunding, I'm going to stick within that realm. If you have money to spend and want to explore your options, seriously look into crowdfunding. They have equity, p2p, consignment, real estate, rewards based, and donation based.

Equity is pretty self explanatory as you get equity for supporting the companies. With P2P, it's a loan you and others come together to give. Im assuming you know real estate as their have been a few pages of answers. Rewards based is like Kickstarter, where you get rewards for supporting them (rewards could be exclusive prototypes, different drafts of a screenplay their producing, etc. Donation again is self explanatory, people need help so you help them and don't get much besides the feeling good for helping (sometimes tax breaks for different cases, but some are considered gifts too).

Then you have consignment which I currently use the most. In these ones, you purchase inventory for smaller brands on consignment because their demand is way higher then their supply. Brands choose consignment because it's cheaper then banks and gives them marketing as well. People use consignment because they can take money from their savings account and purchase inventory. The inventory for many of the brands is purchase order backed so that just means the brands will receive their money after net-30,60,90 even if all the inventory isn't sold. This means they are able to payback easier because they have an expected date. I'll include a link for you after this because it explains alot better than I can, well a lot faster then I can! https://www.kickfurther.com/learn-buyers?utm_medium=forum&utm_source=Crowd_funding&utm_campaign=forum_user_channel&utm_content=inline_text
Title: Re: Real Estate investment
Post by: mendy from lakewood on January 02, 2017, 11:15:32 AM
Anyone know if a good online course to learn the multi family industry/commercial real estate industry?
Title: Re: Real Estate investment
Post by: Ephraimh on January 02, 2017, 11:32:06 AM
Anyone here invest in northern NJ?
PM me if still interested
Title: Re: Real Estate investment
Post by: schneury on April 27, 2017, 08:37:22 AM
Anyone have a Excell sheet/template their willing to share for multi unit property rentals?
Title: Re: Real Estate investment
Post by: Excalibur on May 17, 2017, 06:49:52 PM
Yes I do! I'll share it with you if you give me feedback!
Title: Re: Real Estate investment
Post by: palm tights on May 17, 2017, 06:50:33 PM
Any deals in nj ?
Title: Re: Real Estate investment
Post by: Moshke on May 17, 2017, 07:17:45 PM
Any deals in nj ?
Many foreclosures
Title: Re: Real Estate investment
Post by: palm tights on May 17, 2017, 07:31:44 PM
Many foreclosures
Can you show me any leads ? Which areas?
Title: Re: Real Estate investment
Post by: Excalibur on May 17, 2017, 08:36:31 PM
pm me your email for template.
Title: Re: Real Estate investment
Post by: Excalibur on May 18, 2017, 09:24:54 PM
This is an updated template. please give feedback:

https://drive.google.com/open?id=0B3N6ksGRTyqSd2Y0WUdqOUEwN3M

also its a property i want to buy, so if you're interested in investing please let me know.
Title: Re: Real Estate investment
Post by: chinagel on May 18, 2017, 11:30:13 PM
This is an updated template. please give feedback:

https://drive.google.com/open?id=0B3N6ksGRTyqSd2Y0WUdqOUEwN3M

also its a property i want to buy, so if you're interested in investing please let me know.
what % of the investment do you need? are you giving that return?
Title: Re: Real Estate investment
Post by: Excalibur on May 19, 2017, 12:05:07 AM
I need 100% of the funds from investors. Yes that is the return
Title: Re: Real Estate investment
Post by: palm tights on May 19, 2017, 12:08:20 AM
I need 100% of the funds from investors. Yes that is the return
How much money ?

100 percent investment and you get 50 percent of the profit?
Title: Re: Real Estate investment
Post by: good sam on May 19, 2017, 12:21:43 AM
Any deals in nj ?
I have a nice deal in Jersey City. Let me know if interested.
Title: Re: Real Estate investment
Post by: Excalibur on May 19, 2017, 12:23:01 AM
How much money ?

100 percent investment and you get 50 percent of the profit?

Yes. w/ 9% preferred return before net income distributions
Title: Re: Real Estate investment
Post by: good sam on May 19, 2017, 12:25:40 AM
Yes. w/ 9% preferred return before net income distributions
50% promote is pretty hefty. What sort of property is it?
Title: Re: Real Estate investment
Post by: chinagel on May 19, 2017, 12:29:30 AM
I need 100% of the funds from investors. Yes that is the return
your return math is off by about 4k a year
Title: Re: Real Estate investment
Post by: Excalibur on May 19, 2017, 12:37:38 AM
your return math is off by about 4k a year

Please clarify (i posted here for advice). I'll make sure the link is updated.
Title: Re: Real Estate investment
Post by: Excalibur on May 19, 2017, 12:38:24 AM
50% promote is pretty hefty. What sort of property is it?

3 units 2 2 bed and 1 1 bed
Title: Re: Real Estate investment
Post by: chinagel on May 19, 2017, 12:40:02 AM
Please clarify (i posted here for advice). I'll make sure the link is updated.
maybe my mistake, 8088 yearly interest- 50% is repayment of loan? if yes then i was wrong.
Title: Re: Real Estate investment
Post by: Excalibur on May 19, 2017, 12:46:19 AM
No youre right thats my take
Title: Re: Real Estate investment
Post by: yoohoo on May 19, 2017, 12:46:26 AM
Be careful doing deals with strangers
Title: Re: Real Estate investment
Post by: good sam on May 19, 2017, 12:48:49 AM
3 units 2 2 bed and 1 1 bed
For a stable property with limited upside, I'm used to seeing 20-40% with 30% being most common.
Title: Re: Real Estate investment
Post by: Excalibur on May 19, 2017, 12:49:44 AM
In the frum community someone will know someone who knows both of us ;-)
Title: Re: Real Estate investment
Post by: Excalibur on May 19, 2017, 12:50:51 AM
For a stable property with limited upside, I'm used to seeing 20-40% with 30% being most common.

I'd rather do that than not get the deal off the  ground but I have more experience than the regular guy that does this and likely  will stick to my budgets
Title: Re: Real Estate investment
Post by: chinagel on May 19, 2017, 01:09:41 AM
No youre right thats my take
so whats the correct math?
Title: Re: Real Estate investment
Post by: palm tights on May 19, 2017, 01:12:51 AM
Yes. w/ 9% preferred return before net income distributions
Lol sweet dreams brother
Title: Re: Real Estate investment
Post by: palm tights on May 19, 2017, 01:22:41 AM
I don't really get why someone would do this,instead pay less money for a broker to get the deal,  its too tiny for 2 ppl to make a buck and not fare a 50 percent partnership for putting in 100 percent
Title: Re: Real Estate investment
Post by: Excalibur on May 19, 2017, 10:58:51 AM
I don't really get why someone would do this,instead pay less money for a broker to get the deal,  its too tiny for 2 ppl to make a buck and not fare a 50 percent partnership for putting in 100 percent

I hear you. I updated it to pay out a preferred dividend of 8% with a 65% (investor) 35% split of net income.

Please take a look again.

This property has a unique market with a lot of nuances. Someone else wont be able to run this property as successfully as me.

The address is on the projection. If you think you could do it, go for it. I ain't playin no games ;-)
Title: Re: Real Estate investment
Post by: palm tights on May 19, 2017, 11:07:17 AM
I hear you. I updated it to pay out a preferred dividend of 8% with a 65% (investor) 35% split of net income.

Please take a look again.

This property has a unique market with a lot of nuances. Someone else wont be able to run this property as successfully as me.

The address is on the projection. If you think you could do it, go for it. I ain't playin no games ;-)
I am not a accountant head ,can you come in with actual numbers?

Did anyone said you play games ? Its just made for a sucker its ain't a deal

Yea are you related to trump? Only me can run the country as myself ,lol
Title: Re: Real Estate investment
Post by: palm tights on May 19, 2017, 11:08:09 AM
Yes. w/ 9% preferred return before net income distributions
Btw which state is it ?
Title: Re: Real Estate investment
Post by: Tuna Baygel on May 19, 2017, 12:38:30 PM
Can anyone recommend someone who invests and takes small money like 10-20k
Title: Re: Real Estate investment
Post by: palm tights on May 19, 2017, 12:45:30 PM
Can anyone recommend someone who invests and takes small money like 10-20k
Explain please
Title: Re: Real Estate investment
Post by: Toasted on May 19, 2017, 12:54:10 PM
Can anyone recommend someone who invests and takes small money like 10-20k
http://bfy.tw/BljU
Title: Re: Real Estate investment
Post by: Tuna Baygel on May 19, 2017, 04:23:09 PM
http://bfy.tw/BljU
I would like a recommendation not a Google search

Thanks
Title: Re: Real Estate investment
Post by: yuneeq on May 19, 2017, 05:02:17 PM
http://bfy.tw/BljU

Responses like yours are cancer to a forum (http://bfy.tw/BtdF).

Title: Re: Real Estate investment
Post by: aygart on May 19, 2017, 05:26:58 PM
Responses like yours are cancer to a forum (http://bfy.tw/BtdF).
I agree that his response was inappropriate and also very wrong but chill.
Title: Re: Real Estate investment
Post by: solls108 on June 04, 2017, 03:19:59 PM
This is an updated template. please give feedback:

https://drive.google.com/open?id=0B3N6ksGRTyqSd2Y0WUdqOUEwN3M

also its a property i want to buy, so if you're interested in investing please let me know.
Where in NJ is this? I am an investor.
Title: Re: Real Estate investment
Post by: joeberg on June 04, 2017, 07:51:25 PM
Where in NJ is this? I am an investor.
Looks like Connecticut.
Title: Re: Real Estate investment
Post by: Excalibur on June 05, 2017, 01:08:22 AM
Ct and someone else put down a deposit
Title: Re: Real Estate investment
Post by: yoohoo on June 12, 2017, 06:50:57 PM
any good deals to share?
Title: Re: Real Estate investment
Post by: good sam on June 12, 2017, 11:43:10 PM
any good deals to share?
Good deal in Bushwick right now.
Title: Re: Real Estate investment
Post by: sillypainter on June 12, 2017, 11:46:08 PM
A burned down 2 Family house with outside structure, available in East New York.

Asking $320K.

PM for property address. Only serious inquiries please.
Title: Re: Real Estate investment
Post by: palm tights on June 13, 2017, 10:58:20 AM
A burned down 2 Family house with outside structure, available in East New York.

Asking $320K.

PM for property address. Only serious inquiries please.
Frame ? Cash?
Title: Re: Real Estate investment
Post by: sillypainter on June 13, 2017, 11:22:47 AM
Frame ? Cash?

It has the outside structure. I'm not a contractor, you need to look at it. PM me for the address.
Title: Re: Real Estate investment
Post by: av83 on June 22, 2017, 11:46:48 PM
might be wrong thread. i made my mortgage payment at the branchby check  a week ago(wellsfargo)the check did not clear yet. according to the mortgage company the payment is posted and good. can i assume something got lost and i just gained 2k+?
Title: Re: Real Estate investment
Post by: Sport on June 23, 2017, 08:13:33 AM
might be wrong thread. i made my mortgage payment at the branchby check  a week ago(wellsfargo)the check did not clear yet. according to the mortgage company the payment is posted and good. can i assume something got lost and i just gained 2k+?
No a
Title: Re: Real Estate investment
Post by: daybyday on July 10, 2017, 01:11:59 PM
Can anyone recommend someone who invests and takes small money like 10-20k

I get the energy of wanting to invest 10-20k in a real estate deal, but you should definitely know the person well before you throw your money around like that.
Title: Re: Real Estate investment
Post by: Ysturmwind on July 19, 2017, 09:44:00 AM
@Excalibur - I tried to open your sheet but I keep getting errors, I'm curious to see your model and the investment.

I get the energy of wanting to invest 10-20k in a real estate deal, but you should definitely know the person well before you throw your money around like that.

Agreed here - you gotta be very careful who you invest with and make sure you know and understand the deal and market. If this money is not just extra money you have to invest and not money you seriously need (who has that type of money?!? ::)) you need to be extra careful investing with people you dont know.

If something seems too good to be true it usually is....
Title: Re: Real Estate investment
Post by: Excalibur on July 19, 2017, 09:56:22 AM
What's your e-mail?
Title: Re: Real Estate investment
Post by: aygart on July 19, 2017, 09:56:48 AM
I get the energy of wanting to invest 10-20k in a real estate deal, but you should definitely know the person well before you throw your money around like that.
This seems to be a very good reason for someone to ask for e recommendation.
Title: Re: Real Estate investment
Post by: palm tights on September 10, 2017, 06:11:48 PM
Selling a development site in crown heights ,pm me for details
Title: Re: Real Estate investment
Post by: palm tights on September 12, 2017, 03:32:38 PM
696 Midwood St
2 x 3 bedroom apartments in very hot upcoming location

private driveway in the back yard (drive in through alley driveway from Troy Ave)


Lot size 21.5x90
Building size 21.5x44

R6 zoning can extend upto 2.2 x the lot size = total of 4257 bsqf plus community facility - please consult and confirm with your expert the exact details ,


building has been gutted and newly renovated , currently finishing the painting and touch ups and will be ready to move in the next few weeks iyh


please see attached the floor plans

any questions feel free to messege me
Title: Re: Real Estate investment
Post by: schneury on January 18, 2018, 09:08:59 PM
is it possible to refinance a 4 unit investment property, keeping the property in an LLC? it seems like all lenders want it on a personal name?
Title: Re: Real Estate investment
Post by: Sammy82 on January 18, 2018, 10:46:06 PM
Looking to invest up to 500k. Any advice or leads?
Title: Re: Real Estate investment
Post by: churnbabychurn on January 18, 2018, 11:01:40 PM
Looking to invest up to 500k. Any advice or leads?
Why have you decided to invest in real estate?
Title: Re: Real Estate investment
Post by: Sammy82 on January 18, 2018, 11:19:30 PM
Why have you decided to invest in real estate?
I need solid income. Doesn't have to be monthly but at least quarterly. And I need to know approx what's coming in.
Title: Re: Real Estate investment
Post by: am7734 on January 19, 2018, 12:39:35 AM
is it possible to refinance a 4 unit investment property, keeping the property in an LLC? it seems like all lenders want it on a personal name?
Surely at a hard money lender.
Also, what about with a personal guarantee?
Spoke to one of the million and one brokers out there?
Title: Re: Real Estate investment
Post by: thaber on January 19, 2018, 01:01:11 AM
is it possible to refinance a 4 unit investment property, keeping the property in an LLC? it seems like all lenders want it on a personal name?
Surely at a hard money lender.
Also, what about with a personal guarantee?
Spoke to one of the million and one brokers out there?
Don't need to go to hard money. it costs a little more, and you'll probably have to have recourse. And you're a little more limited in lenders.
speak to a broker who does residential.
Title: Re: Real Estate investment
Post by: thaber on January 19, 2018, 01:04:10 AM
Looking to invest up to 500k. Any advice or leads?
http://www.easternuc.com/eastern-union-funding-launches-new-affiliate-buyer-division-spurred-by-the-success-of-its-affiliate-brokers.13-592-13-.html
Title: Re: Real Estate investment
Post by: schneury on January 19, 2018, 08:33:37 AM
Don't need to go to hard money. it costs a little more, and you'll probably have to have recourse. And you're a little more limited in lenders.
speak to a broker who does residential.
Surely at a hard money lender.
Also, what about with a personal guarantee?
Spoke to one of the million and one brokers out there?
spoke to several brokers and all are telling me that i need to take it out of the LLC for the refinance. how do people with a lot of investment properties take out loans at regular rates?
Title: Re: Real Estate investment
Post by: thaber on January 19, 2018, 09:44:18 AM
spoke to several brokers and all are telling me that i need to take it out of the LLC for the refinance. how do people with a lot of investment properties take out loans at regular rates?
When it's 5+units it's a commercial loan and not a problem. 1-4 is the issue.
Many people move it out temporarily. But that's not always an option.
 there are lenders who will do it.
Title: Re: Real Estate investment
Post by: schneury on January 19, 2018, 09:57:14 AM
When it's 5+units it's a commercial loan and not a problem. 1-4 is the issue.
Many people move it out temporarily. But that's not always an option.
 there are lenders who will do it.
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?
Title: Re: Real Estate investment
Post by: churnbabychurn on January 19, 2018, 10:05:56 AM
spoke to several brokers and all are telling me that i need to take it out of the LLC for the refinance. how do people with a lot of investment properties take out loans at regular rates?
It is most definitely possible to do a commercial refi for a handful of properties under an LLC. not sure if 4 is too little, but definitely 10 residential is done
Title: Re: Real Estate investment
Post by: churnbabychurn on January 19, 2018, 10:06:59 AM
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?
Of course. You can't just transfer ownership of properties that are mortgaged
Title: Re: Real Estate investment
Post by: Aaaron on January 19, 2018, 10:27:50 AM
Looking to invest up to 500k. Any advice or leads?

I have a client about to offload a small (8 properties, one or two are 2-units) portfolio in Baltimore.  Cash flowing, mostly government-subsidized tenants.  High cap.

PM me an email address and I can provide the info when I get it sometime next week.  Probably a little higher than 500 though.
Title: Re: Real Estate investment
Post by: joeberg on January 19, 2018, 10:36:24 AM
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?
There are banks that will let you put it back in the LLC.
Try local banks, they can give you a loan to the LLC. Brokers usually only deal with the national banks.
Title: Re: Real Estate investment
Post by: chinagel on January 19, 2018, 02:49:48 PM
When it's 5+units it's a commercial loan and not a problem. 1-4 is the issue.
Many people move it out temporarily. But that's not always an option.
there are lenders who will do it.
any specific ones?
Title: Re: Real Estate investment
Post by: joeberg on January 19, 2018, 03:27:46 PM
any specific ones?
A good broker who deals with investors should know.
Title: Re: Real Estate investment
Post by: Hatikvah on March 07, 2018, 10:46:24 AM
Hi all,

Have a 3 family building for sale in Brownsville area. Right past crown heights and a few blocks from the Broadway junction trains. Fully occupied, tenants on 1 year leases. R-6 zoning, frame construction and gas heating. Asking 725k. Please PM if interested, or have someone else who is interested. Thanks.
Title: Re: Real Estate investment
Post by: fliZ on March 08, 2018, 10:02:18 AM
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?
Title: Re: Real Estate investment
Post by: bubkiz on March 08, 2018, 11:52:08 AM
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?

Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.



Title: Re: Real Estate investment
Post by: hvaces42 on March 08, 2018, 12:21:07 PM
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.
Title: Re: Real Estate investment
Post by: fliZ on March 08, 2018, 12:36:03 PM
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
For a single family, self managed property, anonymity isn't really an option (or concern). Sounds like no real benefit to LLC if properly insured.
Title: Re: Real Estate investment
Post by: mercaz1 on March 08, 2018, 03:38:25 PM
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.

you might as well correct the whole post
Title: Re: Real Estate investment
Post by: lubaby on March 08, 2018, 03:54:19 PM
Animosity with tenants ::) ;D... A.N.O.N.Y.M.I.T.Y.
FTFY  :D
Title: Re: Real Estate investment
Post by: bubkiz on March 08, 2018, 04:46:32 PM
Depends if you want to protect your anonymity to tenants or not. If you have a PO Box or business address, you can use that on the tax record which will make it more difficult for tenants to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.

Corrected.

Holding it in an LLC will make it more difficult and expensive to refinance.
Title: Re: Real Estate investment
Post by: Ephraimh on March 08, 2018, 07:48:47 PM
Hi all,

Have a 3 family building for sale in Brownsville area. Right past crown heights and a few blocks from the Broadway junction trains. Fully occupied, tenants on 1 year leases. R-6 zoning, frame construction and gas heating. Asking 725k. Please PM if interested, or have someone else who is interested. Thanks.
Pm sent
Title: Re: Real Estate investment
Post by: Yehuda25 on March 08, 2018, 08:12:55 PM
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.
;D
Title: Re: Real Estate investment
Post by: Mr.Lou-RealEstate on March 08, 2018, 10:20:28 PM
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
Title: Re: Real Estate investment
Post by: hvaces42 on March 08, 2018, 10:51:23 PM
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
I'll give you $6MM Cash right now.
Title: Re: Real Estate investment
Post by: Ephraimh on March 10, 2018, 10:57:28 PM
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
You have to wait minimum a few months for the bank to sell your mortgage to an investment bank, once the bank sells it and you make your monthly payments on time they usually never pull the loan,

Unless you start missing payments and they look into the loan then they can tell you that they wanna pull the loan and you should refinance it right away, otherwise you’re good
Title: Re: Real Estate investment
Post by: thaber on March 10, 2018, 11:41:31 PM
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?
You have to wait minimum a few months for the bank to sell your mortgage to an investment bank, once the bank sells it and you make your monthly payments on time they usually never pull the loan,

Unless you start missing payments and they look into the loan then they can tell you that they wanna pull the loan and you should refinance it right away, otherwise you’re good
Keep in mind that this is not the kind of decision that you make based on anonymous opinions in a forum
Title: Re: Real Estate investment
Post by: Ephraimh on March 10, 2018, 11:42:52 PM
Keep in mind that this is not the kind of decision that you make based on anonymous opinions in a forum
That’s a given.
Title: Re: Real Estate investment
Post by: thaber on March 10, 2018, 11:43:23 PM
That’s a given.
You'd be surprised
Title: Re: Real Estate investment
Post by: Mr.Lou-RealEstate on March 13, 2018, 12:25:54 PM
SHOWING PROPERTY TOMORROW (March 14, 2018 between 10AM to 12PM). PLEASE CONTACT TO REGISTER TO SEE THE PROPERTY.

OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consists of a total of 8 Units - six 3 bedroom/railroad-styled style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on the lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.

M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
Title: Re: Real Estate investment
Post by: JayR on March 13, 2018, 05:05:24 PM
SHOWING PROPERTY TOMORROW (March 14, 2018 between 10AM to 12PM). PLEASE CONTACT TO REGISTER TO SEE THE PROPERTY.

Location Highlights:
Pratt Institute*

FTFY

Also, you should probably mention that the building is across the street from a huge housing project, Lafayette Gardens, and that there is a police precinct less than 100 feet from your building.
Title: Re: Real Estate investment
Post by: ADG on March 13, 2018, 05:14:23 PM
I love the jewish people
Title: Re: Real Estate investment
Post by: hvaces42 on March 14, 2018, 06:09:49 PM
FTFY

Also, you should probably mention that the building is across the street from a huge housing project, Lafayette Gardens, and that there is a police precinct less than 100 feet from your building.
And that a reasonable price for a 6 family in the neighborhood is a couple million less than the ask.
Title: Re: Real Estate investment
Post by: Mr.Lou-RealEstate on March 17, 2018, 06:47:44 PM
I also forgot to mention, located near large Hasidic Community and near similar bldg. that recently sold for $4.6MM. The neighborhood is not what it used to be....value will only INCREASE as BedStuy continues to gentrify.
Title: Re: Real Estate investment
Post by: palm tights on April 08, 2018, 08:47:30 AM
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
Still available?
Title: Re: Real Estate investment
Post by: good sam on April 09, 2018, 12:27:00 AM
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
For a single family, self managed property, anonymity isn't really an option (or concern). Sounds like no real benefit to LLC if properly insured.
You guys are missing a couple of things.

First, an LLC doesn't only protect you from liability due to personal injury. It also shields you from possible contractual disputes.

Second, holding the property in an LLC doesn't only shield you from liability relating to this property. If also shields this property from any other liabilities you may have in your personal capacity.
Title: Re: Real Estate investment
Post by: palm tights on April 09, 2018, 12:32:56 AM
Looking to buy a investment property with minimum 10% return in tri state ny area with a 1031 Exchange over a million
Title: Re: Real Estate investment
Post by: hvaces42 on April 09, 2018, 08:28:31 AM
Looking to buy a investment property with minimum 10% return in tri state ny area with a 1031 Exchange over a million
+100000000000

Im also looking for fairies and unicorns, at a discount of course.
Title: Re: Real Estate investment
Post by: palm tights on April 09, 2018, 09:20:33 AM
+100000000000

Im also looking for fairies and unicorns, at a discount of course.
Chill brother
Title: Re: Real Estate investment
Post by: efflpetzel on April 09, 2018, 06:31:31 PM
+100000000000

Im also looking for fairies and unicorns, at a discount of course.
Title: Re: Real Estate investment
Post by: yuneeq on April 10, 2018, 03:45:06 PM
+100000000000

Im also looking for fairies and unicorns, at a discount of course.

Is it really impossible to find this type of investment in the tri-state?
It may be a lot riskier than usual but I'm sure you can find it.
Title: Re: Real Estate investment
Post by: palm tights on April 10, 2018, 08:24:42 PM
Is it really impossible to find this type of investment in the tri-state?
It may be a lot riskier than usual but I'm sure you can find it.
Definitely can find,  you need always to look who the poster is , he is known for alot of bla bla
Title: Re: Real Estate investment
Post by: hvaces42 on April 12, 2018, 09:05:46 AM
Definitely can find,  you need always to look who the poster is , he is known for alot of bla bla
Right. Attack the messenger.

Find me a 10% annualized return on real estate in tri-state area for a $1MM investment (those were your parameters) and I will keep you busy closing deals 6 days a week 24 hours a day. If it was a 10% return overall and not annualized then I have a list of deals for you. All you gave to do is hold them until you hit 10% return and then sell (Warning: May take you 10 years or more).
Title: Re: Real Estate investment
Post by: hvaces42 on April 12, 2018, 09:06:44 AM
Is it really impossible to find this type of investment in the tri-state?
It may be a lot riskier than usual but I'm sure you can find it.
Yes, you can lend people money at 12% too on real estate. But you need a stomach for that.
Title: Re: Real Estate investment
Post by: gingyguy on April 12, 2018, 10:15:40 AM
Yes, you can lend people money at 12% too on real estate. But you need a stomach for that.
once youre doing hard loans on real estate you can often get alot more than 12 %
Title: Re: Real Estate investment
Post by: hvaces42 on April 12, 2018, 10:36:25 AM
once youre doing hard loans on real estate you can often get alot more than 12 %
12+points But he's talking safe at 10% which is unicorns and fairies.
Title: Re: Real Estate investment
Post by: gingyguy on April 12, 2018, 10:55:51 AM
12+points But he's talking safe at 10% which is unicorns and fairies.
nothing is ever safe . some things are safer than others
Title: Re: Real Estate investment
Post by: Sammy82 on April 12, 2018, 12:41:19 PM
once youre doing hard loans on real estate you can often get alot more than 12 %
Really? Care to share how you could get more than 12%?
Title: Re: Real Estate investment
Post by: schneury on April 12, 2018, 12:43:55 PM
Anyone here have properties (invest or manage) in Chicago - south side? please pm me.
Title: Re: Real Estate investment
Post by: Mr.Lou-RealEstate on April 19, 2018, 10:36:20 AM
90,000 BUILDABLE SQUARE FEET AVAILABLE IN MOTT HAVEN / SOUTH BRONX - ASKING $17,000,000

Six properties consisting of 4 adjacent parking lots/garages on East 148th Street and 2 mixed-used bldgs around the corner on East 149th Street, across from Lincoln Medical Center. Approximately 90,000 buildable sq.ft.

CALL ME TODAY TO DISCUSS - (347) 391-0056


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
Title: Re: Real Estate investment
Post by: Hatikvah on August 20, 2018, 02:57:39 PM
Hi all,

Have a 3 family building for sale in Brownsville area. Right past crown heights and a few blocks from the Broadway junction trains. Fully occupied, tenants on 1 year leases. R-6 zoning, frame construction and gas heating. Asking 725k. Please PM if interested, or have someone else who is interested. Thanks.

Hi,

The owner got back to me this week for this building and told me it is still on the market and they want to unload it ASAP for $620k. Please PM if interested or if there is any more questions. Thanks.
Title: Re: Real Estate investment
Post by: ADG on August 20, 2018, 05:31:34 PM
sounds like they are not able to collect rent. That neighborhood is full of non-rent-paying-gangsters and other unsavory creatures.
Title: Re: Real Estate investment
Post by: ual902 on January 14, 2019, 06:34:58 PM
Looking for a real estate broker in Las Vegas? for buying
Title: Re: Real Estate investment
Post by: S209 on January 14, 2019, 10:50:28 PM
12+points But he's talking safe at 10% which is unicorns and fairies.
Safe is a very relative term but you can definitely get many, many 1MM+ properties returning 10% in the tri-state area, with risk parameters that I personally can stomach. Obviously depends on the investor. But there are syndicator putting together deals for investors that are returning that much, and that’s after their bogus cuts/fees/percentages.
Title: Re: Real Estate investment
Post by: Zevi16 on January 14, 2019, 11:20:48 PM
Safe is a very relative term but you can definitely get many, many 1MM+ properties returning 10% in the tri-state area, with risk parameters that I personally can stomach. Obviously depends on the investor. But there are syndicator putting together deals for investors that are returning that much, and that’s after their bogus cuts/fees/percentages.
You don’t stop moaning about other peoples fees. Don’t you realize that economy runs off of people doing business. Everyone supports the next guy. That’s economy.
If you were to do everything that others are making money off you, you would be grinding your own flour to make your bread.
Title: Re: Real Estate investment
Post by: S209 on January 14, 2019, 11:40:15 PM
You don’t stop moaning about other peoples fees. Don’t you realize that economy runs off of people doing business. Everyone supports the next guy. That’s economy.
If you were to do everything that others are making money off you, you would be grinding your own flour to make your bread.
Quite the opposite. I always say that the only equation that matters is whether you need/want something, and whether you can access it elsewhere for a better price. If not, it’s a good deal for you. See my most recent post in the thread with the guy asking about a 250K loan.

Just pointing out that 10% is accessible even after the syndicator’s fees being added. Kal vachomer if you’re looking to get the deal yourself..
Title: Re: Real Estate investment
Post by: Zevi16 on January 14, 2019, 11:42:20 PM
Quite the opposite. I always say that the only equation that matters is whether you need/want something, and whether you can access it elsewhere for a better price. If not, it’s a good deal for you. See my most recent post in the thread with the guy asking about a 250K loan.

Just pointing out that 10% is accessible even after the syndicator’s fees being added. Kal vachomer if you’re looking to get the deal yourself..
As with an agent. You are paying for the deal. I’ve said this many times. Find me a good deal and I’ll invest in you. If I bring you the deal you pay me for finding it. It’s business honey.
Title: Re: Real Estate investment
Post by: S209 on January 14, 2019, 11:43:48 PM
As with an agent. You are paying for the deal. I’ve said this many times. Find me a good deal and I’ll invest in you. If I bring you the deal you pay me for finding it. It’s business honey.
Don’t get me started on agents
Title: Re: Real Estate investment
Post by: Zevi16 on January 14, 2019, 11:45:28 PM
Don’t get me started on agents
I hate them more than you but for a very different reason.
Do you hate shadchanim for charging 2k for a shidduch when all they did was make a few phone calls or do you understand that they had to try and fail on hundreds of others?
Title: Re: Real Estate investment
Post by: S209 on January 14, 2019, 11:47:40 PM
I hate them more than you but for a very different reason.
Do you hate shadchanim for charging 2k for a shidduch when all they did was make a few phone calls or do you understand that they had to try and fail on hundreds of others?
This is not the right thread for this. But A) Shadchanim and agents are very different and B) I’m not saying I don’t fargin the agents, just that the system is insane, and should be disrupted. I’ve mentioned this before on DDF.


ETA: By “fart in”, I meant fargin
Title: Re: Real Estate investment
Post by: Zevi16 on January 14, 2019, 11:54:22 PM
This is not the right thread for this. But A) Shadchanim and agents are very different and B) I’m not saying I don’t fargin the agents, just that the system is insane, and should be disrupted. I’ve mentioned this before on DDF.
I know you’ve mentioned it and you’re not getting it.
Successful businessmen pass things over to others to have more time for themselves to make money.

As I’ve told you before. When it comes to business I’m here to make money not save money.
Of course my side hobby is saving money but not in the business world. Now obviously in each line of business you are out there to save. By bargaining, getting better prices etc but time is valuable.
Title: Re: Real Estate investment
Post by: thaber on January 15, 2019, 02:38:48 AM


As I’ve told you before. When it comes to business I’m here to make money not save money.
Of course my side hobby is saving money but not in the business world. Now obviously in each line of business you are out there to save. By bargaining, getting better prices etc but time is valuable.
https://www.forbes.com/sites/realspin/2014/08/18/a-penny-saved-was-never-a-penny-earned/#31709e182e88
Title: Re: Real Estate investment
Post by: S209 on January 15, 2019, 01:06:32 PM
https://www.forbes.com/sites/realspin/2014/08/18/a-penny-saved-was-never-a-penny-earned/#31709e182e88
Nice article. Also, strengthens my point. Wasting money unnecessarily (like by overpaying for real estate investments through inflated agent pricing) costs you double.
Title: Re: Real Estate investment
Post by: ExGingi on June 18, 2019, 03:49:46 PM
File this one under how NOT to invest in Real Estate:

https://www.bloomberg.com/news/articles/2019-06-18/tax-haven-wedding-venues-become-nightmare-for-retiree-investors?srnd=premium
Title: Re: Real Estate investment
Post by: hvaces42 on June 18, 2019, 03:53:59 PM
File this one under how NOT to invest in Real Estate:

https://www.bloomberg.com/news/articles/2019-06-18/tax-haven-wedding-venues-become-nightmare-for-retiree-investors?srnd=premium
And heres a good reason why not to invest in NY Real Estate...

https://www.nytimes.com/2019/06/17/nyregion/newyorktoday/nyc-news-rent-laws-ny.html
Title: Re: Real Estate investment
Post by: ExGingi on June 18, 2019, 04:04:13 PM
And heres a good reason why not to invest in multi-unit residential NY Real Estate...

https://www.nytimes.com/2019/06/17/nyregion/newyorktoday/nyc-news-rent-laws-ny.html
FTFY

Title: Re: Real Estate investment
Post by: hvaces42 on June 18, 2019, 04:13:51 PM
FTFY
Not sure if the security deposit and job loss (no eviction) provisions apply to everyone
Title: Re: Real Estate investment
Post by: JS69 on June 18, 2019, 04:59:15 PM
And heres a good reason why not to invest in NY Real Estate...

https://www.nytimes.com/2019/06/17/nyregion/newyorktoday/nyc-news-rent-laws-ny.html

The Dems have destroyed this city. Hopefully everyone will wake up next election round.
Title: Re: Real Estate investment
Post by: ExGingi on June 18, 2019, 05:13:06 PM
The Dems have destroyed this city. Hopefully everyone will wake up next election round.
Don’t hold your breath. Ain’t happening.
Title: Re: Real Estate investment
Post by: grodnoking on June 18, 2019, 05:20:53 PM
Where we moving to? Land taxes is to high in Jersey.
Title: Re: Real Estate investment
Post by: ExGingi on June 18, 2019, 05:29:05 PM
Where we moving to? Land taxes is to high in Jersey.
Staying put here.
Title: Re: Real Estate investment
Post by: ~King Lake~ on June 18, 2019, 05:30:52 PM
Where we moving to? Land taxes is to high in Jersey.
maybe come to NY for little while and then when you're gonna go back to NJ you'll say ho wow so cheap taxes over here
Title: Re: Real Estate investment
Post by: grodnoking on June 18, 2019, 05:43:15 PM
maybe come to NY for little while and then when you're gonna go back to NJ you'll say ho wow so cheap taxes over here
The cost of property tax completely negates+ what you'd save in Jersey on income tax. Unless you make a significant amount more than average.
Title: Re: Real Estate investment
Post by: hvaces42 on June 18, 2019, 08:18:42 PM
The cost of property tax completely negates+ what you'd save in Jersey on income tax. Unless you make a significant amount more than average.
NY property tax aint what it used to be. And water rates have skyrocketed where your monthly bill is basically what your quarterly bill used to be. I pay $6k in RE Taxes on a 2 family and $3600 in Water and Sewer. Throw in the annual sanitation summons and youre darn close to NJ RE Taxes. 
Title: Re: Real Estate investment
Post by: whacked1 on June 18, 2019, 08:22:27 PM
Not sure if the security deposit and job loss (no eviction) provisions apply to everyone
+1 Plenty of items applying to all rentals. Security, retaliatory holdovers, previous rental history, excessive increases and notices etc
Title: Re: Real Estate investment
Post by: Zalc on June 18, 2019, 09:01:39 PM
https://rebny.com/content/rebny/en/newsroom/in-the-news/2019/Statement_Housing_Stability_Tenant_Protection_Act_2019.html?utm_source=newsletter&utm_campaign=rebny_updates&utm_medium=email

Great detailed summary of changes that affect both stabilized and non-stabilized units
Title: Re: Real Estate investment
Post by: grodnoking on June 18, 2019, 09:31:25 PM
NY property tax aint what it used to be. And water rates have skyrocketed where your monthly bill is basically what your quarterly bill used to be. I pay $6k in RE Taxes on a 2 family and $3600 in Water and Sewer. Throw in the annual sanitation summons and youre darn close to NJ RE Taxes.
In Lakewood a 500k house will put you down 10k in property tax.
Title: Re: Real Estate investment
Post by: skyguy918 on June 18, 2019, 09:55:20 PM
NY property tax aint what it used to be. And water rates have skyrocketed where your monthly bill is basically what your quarterly bill used to be. I pay $6k in RE Taxes on a 2 family and $3600 in Water and Sewer. Throw in the annual sanitation summons and youre darn close to NJ RE Taxes.
3600 for water and sewer? Are you running a farm or something?
Title: Re: Real Estate investment
Post by: ExGingi on June 18, 2019, 10:00:55 PM
3600 for water and sewer? Are you running a farm or something?
I pay more. Teenage girls and lots of guests BH.
Title: Re: Real Estate investment
Post by: ExGingi on June 18, 2019, 10:01:50 PM
In Lakewood a 500k house will put you down 10k in property tax.
I hear Monsey is just as bad, if not worse.
Title: Re: Real Estate investment
Post by: grodnoking on June 18, 2019, 10:06:16 PM
I hear Monsey is just as bad, if not worse.
Yeah. Out of NYC it could get up to 2.4%.
Title: Re: Real Estate investment
Post by: ExGingi on June 18, 2019, 10:12:17 PM
Yeah. Out of NYC it could get up to 2.4%.
What is a retiree on Social Security supposed to do about this? Will the increase in their property value drive them out of their home as it becomes unaffordable to pay the tax?
Title: Re: Real Estate investment
Post by: grodnoking on June 18, 2019, 10:14:11 PM
What is a retiree on Social Security supposed to do about this? Will the increase in their property value drive them out of their home as it becomes unaffordable to pay the tax?
Yes.
Title: Re: Real Estate investment
Post by: Joe4007 on June 19, 2019, 09:45:09 AM
In some areas around KJ/Monroe you pay close to 20k on a 5-600k house.
Title: Re: Real Estate investment
Post by: zh cohen on June 19, 2019, 10:36:58 AM
In Lakewood a 500k house will put you down 10k in property tax.

Where I live you can pay close to that ($7,500-8,000) for a 200k house.
Title: Re: Real Estate investment
Post by: mercaz1 on June 19, 2019, 11:40:55 AM
Long Island aint no picnic either
Title: Re: Real Estate investment
Post by: hvaces42 on June 19, 2019, 12:46:38 PM
3600 for water and sewer? Are you running a farm or something?
6 people in my household, 7 tenants.
Title: Re: Real Estate investment
Post by: ExGingi on June 19, 2019, 01:02:25 PM
6 people in my household, 7 tenants.

Despite what people are trying to promote as equality, not all people are equal when it comes to water and sewer consumption.

I pay more. Teenage girls and lots of guests BH.
Title: Re: Real Estate investment
Post by: YesThatsMe on June 27, 2019, 11:29:32 PM
Repost:

Whoever is complaining that the new rent laws hurts him is either a liar or sucks at underwriting his deals.

Any existing owner being hurt by this is just using it as an excuse for bad buys in the last few years. RGB rents have only gone up by fractional amounts the last 5 years, less than 2% a year, so one cannot complain about the caps on rent increases. IAIs are almost impossible to do except on turnover. MCIs get capped now, sure, but if it’s the difference between a 4% annual increase and a 2% is what is blowing up a deal, then the operator didn’t have enough cushion to start with.

And as for unit turnover and deregulation… do you know how hard this is to do now? From 2012-2017 something like 5,000 units a year were deregulated in NYC. That’s a fair number, I guess, but one cannot make the case that we’re going to see a wave of defaults simply because those 5,000 units no longer get deregulated.

What we’re going to see is that people who bought in 2015-2018 on the back of cheap debt and the assumption they could buy-out or evict tenants, getting their positions wiped out and blaming the new rent regs for their bad decision making. As far as tenant protection goes, the writing was on the wall a long time ago. It’s not easy, at all, to buy out tenants these days. There were approximately 966,000 rent stabilized apartments in NYC in 2017 (exc. rent controlled units); there were 3,517 that deregulated. That is .36% – even if you assume that many owners couldn’t or wouldn’t want to deregulate, you are still looking at minimal turnover. People made fortunes doing this in Brooklyn in the early 2000’s because with cheap buyouts and shady eviction practices they were getting 10-20% turnover. That just does not happen any more. Anyone who has underwrote to try and achieve that in the last half decade, deserves what they’re getting.

If ///// is such an operator then he should leave the industry, not NYC. A lot of the LP money in the community is raised on the basis of shoddy and unrealistic assumptions. Perhaps these laws will just put an end to that. And obviously, 99% of the “crocodile” tears are from those who like cheap talk but don’t even own a broom closet in a RGB building (or any building).
Title: Re: Real Estate investment
Post by: yuneeq on June 28, 2019, 01:03:55 AM
Repost:

Whoever is complaining that the new rent laws hurts him is either a liar or sucks at underwriting his deals.

Any existing owner being hurt by this is just using it as an excuse for bad buys in the last few years. RGB rents have only gone up by fractional amounts the last 5 years, less than 2% a year, so one cannot complain about the caps on rent increases. IAIs are almost impossible to do except on turnover. MCIs get capped now, sure, but if it’s the difference between a 4% annual increase and a 2% is what is blowing up a deal, then the operator didn’t have enough cushion to start with.

And as for unit turnover and deregulation… do you know how hard this is to do now? From 2012-2017 something like 5,000 units a year were deregulated in NYC. That’s a fair number, I guess, but one cannot make the case that we’re going to see a wave of defaults simply because those 5,000 units no longer get deregulated.

What we’re going to see is that people who bought in 2015-2018 on the back of cheap debt and the assumption they could buy-out or evict tenants, getting their positions wiped out and blaming the new rent regs for their bad decision making. As far as tenant protection goes, the writing was on the wall a long time ago. It’s not easy, at all, to buy out tenants these days. There were approximately 966,000 rent stabilized apartments in NYC in 2017 (exc. rent controlled units); there were 3,517 that deregulated. That is .36% – even if you assume that many owners couldn’t or wouldn’t want to deregulate, you are still looking at minimal turnover. People made fortunes doing this in Brooklyn in the early 2000’s because with cheap buyouts and shady eviction practices they were getting 10-20% turnover. That just does not happen any more. Anyone who has underwrote to try and achieve that in the last half decade, deserves what they’re getting.

If ///// is such an operator then he should leave the industry, not NYC. A lot of the LP money in the community is raised on the basis of shoddy and unrealistic assumptions. Perhaps these laws will just put an end to that. And obviously, 99% of the “crocodile” tears are from those who like cheap talk but don’t even own a broom closet in a RGB building (or any building).

.
Title: Re: Real Estate investment
Post by: shulemw on June 28, 2019, 01:47:19 AM
What nonsense. looks like you dont even own a broom let alone a closet.

Why is someone who bought a building with the assumption of doing buyouts, That got more expensive, but was still doable, and if you knew how to talk good it wasnt so expensive, Why is he considered a. ...and he should quit whats wrong??

Let alone the argument about the percentage of the units that got deregulated...
From getting $900 a unit till being deregulated there was a long path in the middle that was possible and profitable to take. was normal ways to get any vacated unit from $900 to $2200 and it was still regulated but it added alot to the value.

So please before writing or reposting think a second
Title: Re: Real Estate investment
Post by: YesThatsMe on June 28, 2019, 11:01:45 AM
What nonsense. looks like you dont even own a broom let alone a closet.

Why is someone who bought a building with the assumption of doing buyouts, That got more expensive, but was still doable, and if you knew how to talk good it wasnt so expensive, Why is he considered a. ...and he should quit whats wrong??

Let alone the argument about the percentage of the units that got deregulated...
From getting $900 a unit till being deregulated there was a long path in the middle that was possible and profitable to take. was normal ways to get any vacated unit from $900 to $2200 and it was still regulated but it added alot to the value.

So please before writing or reposting think a second

Whoa don't shoot the messenger, it was a repost which I though adds some color to the debate, from the other side.

You're right, I do not own anything in NYC.

He says buyouts were made tough to impossible. You say otherwise. I'm not judging, I want to see dry hard numbers that show how many units (as a % of inventory) were deregulated through buyout-to-vacant in the last few years.

I guess this operator feels differently about the issue.

Title: Re: Real Estate investment
Post by: JS69 on June 28, 2019, 01:58:18 PM
I have worked in the industry for almost 20 years now and I work for a family who has been around for almost 50 years. They will survive this like they have other dips and dives in the market. But this is who will be affected:

1) The small guy who bought a 6 unit building for his family. Banking on the guy paying $500 a month to move out and putting someone in at $2000. Not going to happen. That guy will have a tenant who won't pay it will take 18-24 months to evict. That guy will hurt

2) Anyone in an associated part of the industry. Our contractor supplier laid of 4 employees already just to try and stay ahead of the game. We do no plan on doing any renovations in the near future until we all sort these items out. So that means our contractors will be forced to lay off employees. Brokers will not sell buildings, brokers will not rent as many apartments (or higher fee apartments etc...) And the trickle down continues.

3) The "tenant in need of low income housing" are not getting the lower priced apartments. We just had a 2 bedroom apartment who if we were able to do our vacancy increase and IAI's would have rented for $2650. Instead we chose not to do the work and kept it at less than $1700. We had multiple application and chose to give it to a student with a guarantor with the hope that in 2 years some aspect of the laws will change and we can adjust then.

These laws were not thought out and will have a ripple effect across the city and state. They simply protect the same people who have been in a $600 4 bedroom upper west side apartment for 50 years that will probably outlive all of us!!!!
Title: Re: Real Estate investment
Post by: YesThatsMe on June 30, 2019, 01:42:14 AM
Your point in number 3 is contradictory. Clearly the law has helped this guy, he got a unit for $1,700 that would of costed him $2,650
Title: Re: Real Estate investment
Post by: shulemw on June 30, 2019, 02:17:42 AM
You miss a point. by looking on cold dry numbers on how many units got deregulated you dont get the whole picture.

as i wrote earlier from $700 till deregulation at $2775 there is a long way to get people to renovate profitably.

lets say you had a $700 unit and the tenant moved out or even you offered him a 15k buyout then renovated the unit for 35k and raising the rent to $2400. this unit is still regulated but it brings in $1700 more a month
Title: Re: Real Estate investment
Post by: hvaces42 on July 02, 2019, 12:44:53 AM
Under new law if you gave preferential rent youre stuck with that and increases on that number not on the legal rent. MCI improvements are only for 30 years then rent gets lowered back to pre MCI numbers. Tracking these numbers will be impossible.
Title: Re: Real Estate investment
Post by: JS69 on July 02, 2019, 10:40:31 AM
Your point in number 3 is contradictory. Clearly the law has helped this guy, he got a unit for $1,700 that would of costed him $2,650
If you read the rest of my post, you will see that it didn't go to a low income tenant like the city thinks it is. I rented it to a student whose father is the guarantor (the father is a doctor out of state making more than $750,000 a year. I didn't give it to a family of 4 who works at a bodega......
Title: Re: Real Estate investment
Post by: Dovdovmoneytree on July 02, 2019, 03:40:25 PM
https://commercialobserver.com/2019/06/its-the-end-of-the-world-as-we-know-it/
Title: Re:Commercial Real Estate Management
Post by: uo on January 01, 2020, 09:30:50 PM
Incredible Commercial Property Management Company is growing & taking new clients. Managing over 100 Million Sq Ft in over 8 states. Saved customers thousands of dollars they had no idea they can get. If your are ok about your current management company reach out to me to see if & we discuss your account to see what savings we can get you.
Title: Re:Commercial Real Estate Management
Post by: ltttc on January 02, 2020, 12:35:20 PM
Incredible Commercial Property Management Company is growing & taking new clients. Managing over 100 Million Sq Ft in over 8 states. Saved customers thousands of dollars they had no idea they can get. If your are ok about your current management company reach out to me to see if & we discuss your account to see what savings we can get you.
Only commercial or residential as well?
Title: Re: Real Estate investment
Post by: uo on January 02, 2020, 07:12:31 PM
only Commerical
Title: Re: Real Estate investment
Post by: good sam on January 02, 2020, 07:46:11 PM


Incredible Commercial Property Management Company is growing & taking new clients. Managing over 100 Million Sq Ft in over 8 states. Saved customers thousands of dollars they had no idea they can get. If your are ok about your current management company reach out to me to see if & we discuss your account to see what savings we can get you.
This is pretty vague. What exactly does ICPMC do that other companies don't to save money? Or is that a trade secret?
Title: Re: Real Estate investment
Post by: Kvending on January 05, 2020, 03:27:24 PM
I have a great deal for someone who CURRENTLY owns a lot of Office Property.

This is strictly for current office owners only.

Title: Re: Real Estate investment
Post by: ltttc on January 05, 2020, 07:41:58 PM
I have a great deal for someone who CURRENTLY owns a lot of Office Property.

This is strictly for current office owners only.
Care to share?
Title: Re: Real Estate investment
Post by: JS69 on February 07, 2020, 11:35:31 AM
Anyone have any experience or knowledge regarding post offices?

Pro's/Con's?personal experience?

Thanks
Title: Re: Real Estate investment
Post by: incendia on February 07, 2020, 02:27:08 PM
Anyone have any experience or knowledge regarding post offices?

Pro's/Con's?personal experience?

Thanks

@CountValentine
Title: Re: Real Estate investment
Post by: CountValentine on February 07, 2020, 02:33:26 PM
Anyone have any experience or knowledge regarding post offices?

Pro's/Con's?personal experience?

Thanks
In what regards?
Title: Re: Real Estate investment
Post by: Lou Bob on February 07, 2020, 04:26:59 PM
In what regards?
The UPS trick. Doesn't work anymore afaik.
Title: Re: Real Estate investment
Post by: wildcard on May 11, 2020, 10:49:50 AM
Any good deals for cash flow investment?