All Forum Posts by: Harry Wilson

Hello, I am renovating two buildings in new jersey and building a senior complex in NJ also, that is with my partner.

Separately i want to buy a rental income property in the range of 400k-1mill ideally in a middle to lower-middle income neighborhood. I'm open to mobile home parks too, If you are an agent and you deal with either mobile home parks, apartment complexes, or even cheap 3-4 unit invetment properties with a high cap rate in New york, rochester, new jersey, orange, buffalo, poughkeepsie, Connecticut, Ohio, Massachusetts or anyhwere else in 5 hours commute from Manhattan or less please get in touch I would like to be added to your buyers list and start.

I have around 100k in cash, so most likely investments will be around 400k however im also open to smaller deals that i can buy, rehab and sell or refinance

where is a good place to search for a realtor? most dont pick the phone up

thanks alot guys, i have a two family and a three family 

hello there, I dont know if this is the right place but ill try it out anyway.

we have two properties side by side that we have rennovated and are starting to look for tennants in orange new jersey.

we want someone like an agent or similar to come and check the property and get advice on what it could rent for and if there are any more improvements we can make to get the most out of our investment thanks.

if anyone knows a reliable agent in the orange nj area please let me know as we are looking for tennants now.

so i currently help out with a friends rehab. the house has had some problems that we have fixed including paint work inside and outside, knocking down a wood garage in the back to create a new lot, plumbing leaks, electrical work, baseboards for heating.

I have been very hands on, doing painting myself, finding multipe people to quote each job needed, knocking down the garage myself with a sledge hammer and also cutting trees myself with a chainsaw.

i have noticed that some things are 1000x cheaper for me to do myself. for example i had a quote on how much it would cost to take some small trees down, the contractor wanted 100$ a tree, the total would of been 5k plus, so i went and bought a chainsaw and did it all for under 200.

another example, I wanted some base boards replacing on one of the bottom floors, one plumber quoted $6,500 another quoted $1,600. 

now its easy for me to save money this way as this is only one building, so for you guys that have 50+ units, what measures are you taking to make sure that you're not being had by these contractors quoting crazy high prices? as when I get a local guy its always at least half the price of if I call a contractor, however I cant depend on local craigslist people if i have 50 units

hi there, I'm a soon to be investor in  Upstate New York once I have everything in place. (looking at Rochester)

I hear all the time about A, B, C neighborhoods or people saying that they only buy B or C properties etc.

what would you define as an A B C D property and a A B C D neighborhood. 

thanks a lot for all the advice, lots of knowledge 

thanks, I'm looking for mainly cash flow and slow appreciation over time from rent increases

I have been managing properties and researching real estate investing and on this forum for around a year now.

I am from England and me and my father are setting up an english LTD with a US subsidiary company which we will use to buy the properties.

I have around 10k to put towards down payment, my father will be adding around 90k so we will have 100k available for a down payment.

all things well we will do a 75% ltv giving us 400k to spend on a multifamily.

I am trying to consider whether we should first buy a 200k property to see how that goes and then go from there into another 200k property.

what are you guys opinions.

I really just want to maximize our leverage on the bigger properties as I can then work my job at the same time for two streams of income. 

my long term goals are to keep buying cash flowing multifamily rentals as fast as the bank will loan to me.

Anyone else playing this kind of game?

Thanks a lot, what kind of cap rates should we Be looking for in a 16-20 unit apartment building in good standing?