All Forum Posts by: Aqil Dharamsey

Guys I have been investing in Rochester NY for sometime now and the market is similar to Cleveland. House prices are not bad the cap rates are about 15-18%. Although rochester has been good to me I would like to expand into other markets. I am really looking hard at Detroit and Cleveland. My only concern is management as they can make you or break you. I can't begin to tell you the amount of investors I have seen lose everything. Is anyone looking at these two markets? I would love to connect. Maybe we can hook up and do a small deal together to leverage risk. Thanks

Hi Paul Bowers congrats on jumping in. The first purchase is the hardest. From here on end it is going to be easy. Be careful it can get addicting =)

Hi Chris Presto and welcome to BP. I have been investing in ROC for sometime now and the market is great. Reach out if you ever need help. Good luck with your goal!

Thanks everyone for your thoughts. James Barnhart I am planning to do exactly as you mentioned. Since I am buying from banks or county, I can do the repairs and still be under appraised value. I will then refi and cash out of the deal paying back the HELOC. In essence I am using HELOC as a bridge loan for 6-12 months. Thanks again

Hey Adam Zacharski what we're average purchase price of these liens. Thanks

Shawn Ackerman can you share you conventional guy with me.thanks

Sorry pressed send by mistake.  Reach out to me and I can share my contacts with you.  Good luck!

hi @Raju T.  which banks have you been dealing with? I generally use upstate bank and a hard money lender.  They are pretty easy going.  I buy all over the city 

Where abouts on LI?

Hi Bryan G. Vacancy rate is higher then usual in comparison BUT with the prices of real estate here you cap rate will still be in double digits as long as you buy in fairly decent areas. There are many investors I know out of Canada that buy here and are happy with their investments. Good luck my friend and reach out if you need any help.