New York City, NY · Member since 2016 · 6 posts · 11 votes
Hey BP community,
I am looking to organize a casual drinks / meetup for folks who live & work in New York City and who invest in real estate part-time. I'm starting my journey as a part-time real estate investor (current managing two doors) and it'd be great to meet other young professionals who are investing either in or out of state.
Direct Message me if you'd be interested in joining a small meet-up like this. It'd be awesome to get the community together.
Quick notes about me: I was born and raised in NYC (Queens, Long Island) Current 2-family rental is in Queens Village I work full-time at a growth-stage technology company in NYC on their Strategy team My goals are to get 10 additional doors under my management in the next 3 years.
Investor / Broker · Brooklyn, NY · Member since 2016 · 665 posts · 1k+ votes
9y
If you guys want to come out my way in Brooklyn, basically near Prospect Park, I would be happy to meet with you.
If you read my posts and my background, you'll find I have 2 decades of Real Estate Investing history in Brooklyn.
I currently own 7 multi-Family Investment properties, generally 3 and 4 Family buildings, in Bed-Stuy, Clinton Hill, Windsor Terrace, and Ditmas Park, with partners.
The total Assets are worth over $15 Million.
If my strategies are not necessarily aligned with yours, at worst you will walk away with an understanding on how to be a successful buy and hold Investor in a highly expensive and appreciating market like Brooklyn.
You don't have to invest my way. In fact, very rarely do I find Investors from BP promoting the way I invest. Usually it has something to do with lack of cash flow, overpriced properties and you will lose all your money.
But after making about $1 Million on average per year profits for the last 10 years for my Partners and I, I think I have had the last laugh.
I also reserve the right to pass on this offer if the group takes too long. I have other business ventures that are in the works which has a demand on my time.
Make it easy for me and I'll be happy to shoot the breeze. Bring your laptops, and I'll go over math calculations which will show you why I invested here for the last 2 decades and why I still continue to invest.
Rental Property Investor · Toronto, Canada · Member since 2014 · 37 posts · 8 votes
9y
Hey guys, I'm interested. I own a rental house in the Bronx but spend most of my time in Manhattan. I will also eventually be investing and managing out of state and could use tips there.
Massapequa, NY · Member since 2016 · 9 posts · 2 votes
9y
Definitely interested as well. Currently looking for a multi-family as my primary residence. I currently live on Long Island and work in Manhattan so I spend a lot of time in both locations. Investing within the Tri -State area is what I am currently interested in.
Real Estate Agent · Hartford, CT · Member since 2014 · 5 posts · 1 vote
9y
I own a condo in Brooklyn, two family in the Bronx, and three family in New Haven. Looking for partners on the next investment. Please put me on the list as would like to meet others in the area.
New to Real Estate · Richmond, VA · Member since 2014 · 29 posts · 5 votes
9y
hey guys? So I am out in NJ and looking for investors in what deals that I am embarking on out here can I put some of you on my list as the go to investors??
Developer · Little Ferry, NJ · Member since 2016 · 426 posts · 226 votes
9y
@Aqil Dharamsey@Robert Young @Account Closed Why don't you all come to NJ... I feel that there is lots more opportunity around the outskirts of the city. I mainly flip but it seems that most of you guys on this post like to do passive and rental income. Has flipping ever crossed your minds? What kind of return do you think would make sense for you for flipping? Is there just little flipping opportunity in NY? Just curious, trying to see what is out there as far as returns and markets. Ask about the NJ market, I don't know everything but I have been around a little bit as far as Northern NJ goes. It would be good to see what kind of opportunities are out there. Potential partnerships might even be formed... who knows.
Rental Property Investor · Toronto, Canada · Member since 2014 · 37 posts · 8 votes
9y
@Mateusz Prawdzik At this time, I want to be more hands-off and passive, i.e., buy, hold, rent out. I don't have the time or desire to be constantly looking for, rehabbing and flipping properties. I have yet to find a good contractor as well. I have had mediocre to terrible experiences with contractors so far. New Jersey property taxes are also very high.
@Aqil Dharamsey@Robert Young @Account Closed Why don't you all come to NJ... I feel that there is lots more opportunity around the outskirts of the city. I mainly flip but it seems that most of you guys on this post like to do passive and rental income. Has flipping ever crossed your minds? What kind of return do you think would make sense for you for flipping? Is there just little flipping opportunity in NY? Just curious, trying to see what is out there as far as returns and markets. Ask about the NJ market, I don't know everything but I have been around a little bit as far as Northern NJ goes. It would be good to see what kind of opportunities are out there. Potential partnerships might even be formed... who knows.
I'm currently in Miami till Christmas but when I get back we'll definitely have lunch. I have nothing against flipping, (spent over 15 years watching my dad and uncles do it) but it's just not my niche. Trying to rehab and sell in a year seems like doing too much too fast. Slow and steady wins the race as the old timers say. I have a buddy in NJ you should connect with, @Brandon Zager.
Developer · Little Ferry, NJ · Member since 2016 · 426 posts · 226 votes
9y
@Brandon Raeburn I think we have connected. I am sure that we are colleagues, I don't think we met in person ever though. I mainly focus on additions and renovations because the market in NJ calls for it right now. Most of the towns that I work in are good for flipping and not really renting. I am looking for something for myself to buy rehab completely and then refinance and live in one unit and rent the others but I am waiting for the opportunity where I can buy 30-50 cents on the dollar, so I am in no rush right now. I totally understand what you are saying about slow and steady wins the race... but right now, riding the appreciating housing market is the way to go. Hopefully I don't hold any inventory when it starts to turn around.
I am definitely eager to meet for lunch when you get back.
Investor / Broker · Brooklyn, NY · Member since 2016 · 665 posts · 1k+ votes
9y
If you guys want to come out my way in Brooklyn, basically near Prospect Park, I would be happy to meet with you.
If you read my posts and my background, you'll find I have 2 decades of Real Estate Investing history in Brooklyn.
I currently own 7 multi-Family Investment properties, generally 3 and 4 Family buildings, in Bed-Stuy, Clinton Hill, Windsor Terrace, and Ditmas Park, with partners.
The total Assets are worth over $15 Million.
If my strategies are not necessarily aligned with yours, at worst you will walk away with an understanding on how to be a successful buy and hold Investor in a highly expensive and appreciating market like Brooklyn.
You don't have to invest my way. In fact, very rarely do I find Investors from BP promoting the way I invest. Usually it has something to do with lack of cash flow, overpriced properties and you will lose all your money.
But after making about $1 Million on average per year profits for the last 10 years for my Partners and I, I think I have had the last laugh.
I also reserve the right to pass on this offer if the group takes too long. I have other business ventures that are in the works which has a demand on my time.
Make it easy for me and I'll be happy to shoot the breeze. Bring your laptops, and I'll go over math calculations which will show you why I invested here for the last 2 decades and why I still continue to invest.
Property Manager · New York, NY · Member since 2016 · 388 posts · 90 votes
9y
I am in rego park , been on real estate business for more than 12 years.
Currently a buy and hold .
I am interesting too if there is meeting to share our information.
By the way anyone has experience on land trust in New York or New Jersey area?