All Forum Posts by: Alex Schukin

@Ali Boone - Thanks Ali, sorry I missed this earlier. I will definitely take you up on the offer to chat. Will shoot you a note to see if you have some time to chat. Really appreciate the offer!

Kenya Teague - Thanks for the perspective Kenya! Coming from NYC, I find the concept of renting a single-family home vs buying to own as a bit of a foreign concept, so I'm just trying to understand the psychology of the renter as to what they are looking for in Charlotte. I understand that the real estate market is booming in Charlotte given job opportunities and population growth, but are people actively renting (where) and is it easy to find tenants that stick around? I don't have the capacity or experience to renovate a property so looking to buy something that will be in move-in ready condition/turnkey. Given your experience is that something that is doable on my budget? Thank you for the insight!

Hi BP Community!

I'm a new investor based in NY, looking for my first property. I've done some extensive top-down research on attractive cities for single-family or small multi-family (duplex, triplex) buy & hold rentals and Philadelphia has come out on top.

I'm looking to understand what would be a reasonable gross cap-rate to expect when investing in Philadelphia given a budget of $150K - $200K. Using online data bases such as (Zillow, Trulia and Redfin) come across as unreliable or inconsistent in terms of evaluating comps. Any areas I should be focusing on in particular?

Additionally, what are some good sources to find reliable input assumptions (rental rates, tax rates, vacancy rates, growth rates for rents and house prices) for modeling a deal?

Am I missing something in how I am thinking about my approach? If someone has a few minutes for a phone call, I would love to find some time to chat about your experience in the Philly market.

Thanks,

Alex

Joel Owens - Thanks, Joel. I am looking for cash flow and some growth. The idea is to build equity with a time horizon of 7-10 years and then roll the property into something bigger. Denis Saklakov - Thanks, Denis. Feel free to PM me a few more details. Not looking to buy a minority stake, but open to hearing about areas you work in.

Hello everyone,

It's great to see such a vibrant real estate community. I first came across BP through the podcasts, but the virtue of having the BP forums here and all of the podcast content really pushed me past the point of analysis paralysis to get involved.

My name is Alex Schukin and I"m from New York City. I don't have a much of a background in real estate apart from my interest in building a property portfolio, but I currently work in finance and have broad experience across equity investing, trading and banking.

I previously tried purchasing a property with two partners, but a lack of knowledge, operating agreement, and time commitment to actively work on the investment caused things to fall apart.

My goal is to purchase my first property in the next 12 months, preferably a small multi-family. I have a down payment lined up and am now searching for right geographic location. Investing in NYC is extremely expensive, but out of state investing without a good team is difficult, especially when working 80+ hours per week.

Hope to learn as much as possible alongside everyone, especially on how to find and build a good team, pick a geographic location and manage the property at a distance.

Cheers,

Alex