My partner and I purchase properties in cash in upstate NY, put them in our LLC, and look to BRRRR out of them. We like to rent them and then begin the apprasial process so I'm looking for no seasoning period. We currently own 17 doors and will look to purchae another 13 doors before the years over. We are looking to grow and will continue to do bigger deals next year.
Sample deal, 5 unit
- Purchse price: $165,000
- Rehab $135,000
- Looking for 75% LTV
@Chad Kastel reach out to Jan Nastri at Nastri Real Estate in Syracuse. He is one of the top seasoned commercial investors in Upstate NY and I'm sure he wouldn't mind connecting with you.
@Brandt Fanion Thank you
Hi, where in NY are you investing?
@Todd Ashley currently broome county but I'm also starting to look elsewhere.
Nice, I invest in Otsego County. I am interested to see where you land with your inquiry - will follow this thread. Let me know if you find a good option offline.