All Forum Posts by: Brandon Ingegneri

Congrats!

One thing to note is that South Providence is a neighborhood in the city limits.  Both North Providence and East Providence are separate municipalities.  With regard to neighborhoods in the city, the East Side is desirable, Fox Point is up and coming and has escalating prices.  Elmhurst is probably the last affordable middle class section of the city with single and multi properties.  Prices have been very aggressively rising in this neighborhood. Additionally, the West End is going through a gentrification process that offers quite a bit of rental interest and opportunity though it is street by street. 

I have single family properties as well as multifamily properties in my portfolio.  I have experience with both in Warwick.  I have no complaints personally. 

In that circumstance, I utilize a funnel-type application process.  If you create an involved application where multiple steps are needed, you can evaluate their ability to see a multifaceted task through.  If they jump through the hoops successfully, it is a good initial sign of their interest and dedication to unit.  

@Jim Cellini

Happy to connect and discuss any questions you may have. 

@Ryan Ebzery 

With regard to the pension troubles in Warwick, the data is unfounded.  That particular city has a small contingent of residents who have misconstrued data points and have caught the ear of some talk radio hosts.  I work directly with the City of Warwick in relation to the funding of their pension and OPEB responsibilities.  There is no looming deficit, and a number of proactive municipal reforms will help to mitigate liabilities down range.  The long term fiscal health of Warwick is very sound and have a number of data point and actuarial studies reflecting that.  

If you combine that with an aging population and relatively low taxes combined with full municipal service, the city is ripe with opportunity.  I have several rentals in that city.  Prices have appreciated, taxes are affordable, rents remain strong, and rental demand remains high.  Additionally, Warwick is a transportation hub with train station, airport, and centrally located, easy highway access.  A large commercial retail base, community college, restaurants, breweries, hotels and approved bonds for a massive revitalization of a particular area of the city all point in my opinion to overall growth. 

Warwick is technically the second largest city, but recently slipped to third because Cranston counts the population of the state prison to it's overall population.  

@Fan Bi

There are a few right now that are active. I’ll send you some of the info.

@Joey Copper

Do you dunk your Oreos in milk, twist them apart and eat the filling, or do you eat them like a regular cookie?

We manage our own portfolio, do it efficiently, and wouldn’t do it any other way. Some could say it’s crazy to allow a third party to manage such a substantial aspect of someone’s financial portfolio. It’s all a matter of preference.

@Pedro Bartolomei

Bookkeeping nightmare

@Steven DAmbra

That is why no funds transfer until your at a closing table and your attorney has reviewed the docs.