All Forum Posts by: Hugh Horner

@Chris Szepessy Thank You !!

@Scott Wolf 2 units on Water Street in Catskill, NY looking at Crossroads Brewery, COC is 12.6 %

Liked the numbers on a little 2 family in Catskill, NY..Was looking at buildings throughout the Hudson Valley for my first investment ,but the cash flow is low for the amount of capital to be put down..Decided to redesign my strategy, went on the hunt for multifamily -  really enjoying it !! I have a positive cash flow of 4,853 after all is said and done on my first unit, and I feel good about it..I would like to put together a portfolio of 4 to 5 positive cash flow properties -that are similar in size and price -before getting back in the ring with buildings..Learned a lot from the BiggerPockets Community, thanks y'all !!!!! 

Keep coming across properties in a high end market that are super affordable due to asbestos siding, curious if siding over and going after cash flow for 5 to 8 years then addressing the issue (removal) before I put back on market for resale ??? Or do I have it backwards ?? Removal first and carry on--just wondering if dipping into my organic cash is a sound decision when it could theoretically allow me to acquire another property...

Appreciate input 

@Adam Kushner

Aysa Morehead, Natasha Witka 💥

@Samantha Cash exactly what’s happening -people are going to the western part of Greene county, good luck with everything, thanks for the input..

@Chris Szepessy

Foreland is pushing for 2021, but we have all heard that before, seems to be serious motivation on the project and Catskill will be thankful..

Coxsackie is another area that is going to sprout up, project on the riverfront with hotel and event space is going to bring some action..

Have a great week !

@Adam Kushner

Hey Adam,

I think with the new hotel (Mr.Cat) and the Foreland building almost done, Catskill will be competitive with the Hudson market in the near future..

I’m a newbie to the industry but not to the area, so many NYC people setting up shop -my initial thought is vacancies will not be a problem in Catskill soon..Agreed on concerns though, cash flow is crazy low currently on all the properties I’m looking at and will take time to get up to potential. Looking at multi-family and buildings as well..Every time I snoop around Kingston, everything seems to be out of reach for me at the stage I’m at in my portfolio..Catskill is my target town..I own a home in Hudson and my office is in Catskill and hammers are a swinging !! Would love to network with you -considering We are pursuing the same area..

Take Care

@Bill O'Donnell Thanks 👍