All Forum Posts by: Donald DiBuono

I had a friend suggest using PropStream to generate off market leads. Does anyone use this and have feedback on them? Does anyone use other off market lead generators? Open to any and all feedback!

I am in discussion with purchasing a JV deal in New Lebanon, NY. 165k purchase gets me 3 single units (rent ~$800 ea). I also receive a large concrete building that needs about 150k of work. After that work is complete, we will have 1 3 bedroom rental upstairs and 2 1 unit bedrooms downstairs with a potential store front / office use space.

My question is in regards to financing. What type of commercial loan is available for the purchase and rehab?

Thanks!

@Gerald Pitts Thanks! Do you invest in STR?

I am looking to get into the STR game. I have one duplex and have flipped 2 homes. I have a good process on analyzing buy and hold properties, but am struggling to figure out how to calculate how much, per night, a property can make in a given month and what the average occupancy rate is. What are good resources for this?

Thanks!

Hi!

Any good books on how to start an Air BnB portfolio? The information I am looking to obtain is how to gauge demand, pricing per night, locations to choose, and comparable properties so you can compete!

Thanks!

Hey!

I live in the capital region and have a duplex in Troy, NY. I can speak to the duplex market, you can find then ranging from 150-300k still. Rents for 3 bedrooms typically range from 1300-1500 depending on the size of the property. 

Hope this helps!

DJ

Thanks! So I can assume 3-8% depending on property size. Is there any fee typically charged for putting the syndicate together and closing on properties?

And that fee would be for managing the property? Is there typically any added fee for creating the syndication and putting together the financing?

I am working on crafting a business plan around apt syndication. What is a typical management fee (% of rents) that syndicators charge?

There is a home that has been in pre-forclosure for about 2 years now. I contacted the bank who owns the property and they cannot do anything with the property until it becomes foreclosed on and they own the property. I reached out to the town clerk and obtained the owners names. What is the best way to go about contacting them? What is the best delivery?

Thanks!

DJ