All Forum Posts by: Fan Bi

@Lindsey Costello We're equal opportunities, mostly led by where the cash flow opportunity is, albeit limited these days. Most of our portfolio is in the Armory/ West Side and it's been much of a struggle than we anticipated. 

@Frank Patalano @Lindsey Costello @Anthony Thompson @Matt Romano @Joshua T.

What have folks been seeing relating to prices and inventory? 

We listed three properties in the past few weeks and got offers within 5% of list within days. We've also put offers on stale inventory (on market for 120+ days) seeing if seller is willing to discount and no-give. Is it still a seller's market?

@Brian Heron WOW! These numbers are wild. Back of the envelope, you'd be seeing 50%+ cash-on-cash returns? 

That's incredible, congrats on the progress!

Do you mind if you're finding these on MLS or off-market, and self-managing or using a PM?

@Brian Heron The prices just look crazy. We've mostly been investing in Providence, RI where a C class 3-family will run you $200,000 distressed or $250,000 turnkey, with a rent roll of $2,700. 

It looks like in Syracuse you can get a similar rent roll on a $90,000 distressed or $135,000 turnkey property. Is that about right?

@Pat Goodyear @Patrick DiDomenico @Mike Alt 

From doing a few hours of research, it looks like you can get a fairly stabilized building at $45,000 a door that has government-backed (subsidized) voucher for $900 a month? Even with flat asset prices and slightly high property taxes, there seems to be plenty of margin for cash flow. What am I missing?

@Toby Gingold Thanks for posting this, a year into it, how have you found the experience, would you do it again? I'm an out of state investor looking to get into the area. 

From doing a few hours of research, it looks like you can get a fairly stabilized building at $45,000 a door that has government-backed (subsidized) voucher for $900 a month? Even with flat asset prices and slightly high property taxes, there seems to be plenty of margin for cash flow. What am I missing?

@Brian Heron Are you managing your rentals remotely or using a local PM? I'm out of state and looking to get into the area. 

@Jesse Andrews @John Keeler Do you have any views on Bangor vs L/A, a novice look on MLS and Rentometer and numbers look similar?