All Forum Posts by: Ceasar Rosas

Hi Everyone,

We are extremely excited for our next meetup. We will have a lender panel that will cover many different aspects of the lending process. Everyone wants to know how to get the money to do your deals, you don't want to miss this one. These lenders have a great amount of experience and you will learn a lot and potentially add new members to your team. SEND US YOUR QUESTIONS! We will have a questions ready for these lenders and afterwards more questions and answers along with lots of networking.

Event Location: 3470 East Tremont Ave Bronx, NY 10465

Price: $10 - pay at paypal.me/c2chomes <--------- Best way to pay and reserve your spot

Date/Time: November 14th from 7pm to 10pm

See our lender panel below (1 missing, will be added shortly):

Over the past five years Mark has helped over 380 families achieve their goal of home-ownership, totaling over $136,000,000 in closed loan volume. Mark has been accredited in Scotsman Guide Magazine as one of the top 75 loan originators in the country, Mortgage Professional America’s “Young Guns” stars of the mortgage industry and National Mortgage Professional Magazines “40 under Forty.” A Fordham University Gabelli School of Business Alumni, Mark accredits his success to three key things; Relationships, Communication and Honesty.

Stephen Ballard, Senior Business Development Coordinator, specializes in building and maintaining customer relationships, finding and expanding business partnerships, and educating potential clients on RCN Capital’s diverse product line. Joining the company in the summer of 2017, Stephen’s mission is to expand RCN’s saturation in local and national markets. His previous experience has been in education and customer relations, which will be used extensively at RCN Capital. Stephen graduated from the University of Connecticut Business School, with a degree in Finance.

Tie Wei is a co-Chief Investment Officer of Silvan Group. He is responsible for origination, underwriting, servicing, and analytics development. Tie focuses on procuring & expanding Silvan’s client base with real estate developers and investors, and his intimate knowledge & experience in distressed real estate rehab & new development make him valuable and approachable to Silvan’s clients. Prior to Silvan, Tie co-founded Metamorphic, a real estate investment firm, where he led efforts in acquisition, rehabilitation, and disposition of distressed residential & commercial properties. He also managed multiple new home construction projects in New York and Florida. Prior to his career in real estate investments & financing, Tie worked as a senior derivatives trader in top tier investment banks, including HSBC, Morgan Stanley, and Citigroup. He is also a licensed real estate salesperson in New York State.

The FEE to attend is $10 per person. You can pay online at paypal.me/c2chomes.

We are expecting a solid turnout. We will cap this meetup at 50 people. Do your best to pay online, or make sure you email me and RSVP.

Again these meetups are very interactive. They are done to help us build relationships with one another, form partnerships, find deals etc... They are not done to push services, negativity, or anything else to bring down the group's morale.

As always we look forward to seeing you all!!

@Ben Turner

Are you buying cash?? Did you find your own deal?? Plain and simple if you answered no to those questions, than no, this is practically impossible. 

Hi BP family!

We're looking for commercial lender recommendations. Someone who does multiple states, New York, Connecticut, New Jersey, Pennsylvania. We are looking for ourselves as we are trying to buy a 5+ unit, under a million, and also to be apart of our next event which will be a lender panel. Who do we have out there?

@Patrick Flanagan 

We have one in the Bronx and our buddy @Darren Sager has one out of Manhattan. Our Bronx one is still building, the Manhattan one gets easily over 100 people. We should definitely connect. I was thinking of Cleveland and Columbus.

@Patrick Flanagan

Awesome! I'm from the Bronx, I do sales and started investing in Pa with buy and holds single families and flips. We are now looking to do flips closer to home, but are looking at different locations for a 10+ unit buy and hold. We just put something in contract in Long Island City. Where are you in Astoria?

@David Maswary

I truly believe the answer to that question is what are your goals? The 5 boroughs, Westchester and Long Island are extremely competitive for multifamily buy and holds. There are still investors who get good deals, usually using cash and private lending. Understanding the different markets in NY, is extremely important. in the city or near to it, a great deal is a 6 cap, upstate is more like a 9+. Huge difference. Where are you financially? How do you plan to purchase? The lower the down payment, the harder it will be to find a great deal. What do you define as a great deal? 

A lot of things you must answer in order to understand what you are getting into. 

@Taylor King It seems to me that expectations were not clearly defined. I've worked with plenty of buyers from BP and quite frankly, many get paralysis analysis or are expecting a home run deal. Usually won't happen for a first timer, unless they're all cash and love problem properties. We've worked with quite a few that have purchased something, but they understand the reality of our market. Our market is extremely hot. Multiple offers on almost everything especially multifamily. When we work with buyers we usually do a feel out day before signing an exclusive. We make sure that there is full understanding on both sides of how it works. Here's a free idea if none of your realtors have told you about it. Write a nice letter with a picture of you and your family, dog, cat, whatever, mention how much you love the home and can see yourself raising the family in that neighborhood etc.. present that with your offer on a property if it is sold by a seller who has ties to it, not a flipper, and it can help your chances of winning a bid. We use it all the time and have had some success, we've beat out cash offers with FHA, gotten concessions included, it helps. Good luck with your search. Don't give up, and don't think all Realtors don't do their job. We've built out business from referral relationships because we work hard for our clients.

Hi Melida,

Once every other month. Next one will be October 17th. I will keep everyone posted on our email lists, meetup.com, and on the real estate events and happenings page here on BP.

@Raul R.

Thanks for the mention buddy. I hope you're doing great. 

@Kimberly Caceres

Navigating the Bronx market can be tough. We can definitely connect to talk about some ideas to take steps in the right direction. Feel free to inbox me. 

@Chris K. and  

@Adam Guiffrida

Thank you guys for your input! We will be out in the Wilkes Barre and Scranton area today. Anyone available for a late lunch or coffee let me know. Would love to meet someone in the area.