All Forum Posts by: Jack Schwartz

Anyone experience selling/buying in the Catskill Mountains, Upstate NY, ?

Great List!

Hello Yiftach,

Before considering the placement of Mobile Homes, it would be wise to familiarize yourself with your town's official zoning code. This will determine if such housing is permitted at all within your area. It's important to keep in mind that not all properties are suitable for Mobile Homes. Factors such as the shape of the parcel and its surroundings can greatly impact their feasibility. It is essential to conduct a comprehensive study before making any final decisions.

Hi fellow BiggerPockets,

I possess experience in locating distinctive properties within Upstate NY. Typically, I secure contracts and then sell them to investors with a markup or establish a partnership. Now, I am seeking to elevate my endeavors by partnering up with an investor on a 50/50 basis. Together, I will manage the Buy, Rehab, Rent, Refinance, and Repeat process.

If you are interested in this opportunity, kindly reply via PM. I would be happy to further discuss the details with you and explore how we can collaborate to achieve great success together.

Looking forward to hearing from you and embarking on this venture!

Thank you,

Jack,

Great info for BRRRR beginners! Thank you, Shavar,

have you got any BRRRR experience since? we are looking into Upstate, NY

Two great properties are now available across from a beautiful gated development. In-between the mountains of Upstate NY, These properties hold boundless potential for growth and prosperity, nestled in a location adorned with convenient amenities. And, the best part is that we're just a leisurely 5-minute stroll away from a breathtakingly beautiful lake. The zoning for this particular piece of land allows for truly unique possibilities, including multi-family, commercial, and mixed-use developments. The opportunities are simply limitless for the right investor. As a managing partner, I am fully dedicated to ensuring the success of this project. Let's explore the endless potential together! Interested PM me,

Thanks, Andrew, for your excellent input, Your insights have got me thinking about the potential of this property. (Since there is a beautiful gated development right across the street) I agree that conducting soil testing would be a wise decision to ensure the property's suitability for development. Furthermore, Investing in engineering plans and securing necessary approvals for shovel-ready construction will skyrocket its value. as the zoning code allows multi-family, commercial, and mixed-use developments, and more, making it a unique opportunity in the neighborhood.

I would love for someone interested in purchasing this property, with the vision to develop it, and I would have the opportunity to serve as a managing partner in the project.

Best regards,

Yes, You're right, There is a utility easement in place that does not allow you to build within the easement zone, but there are 4 acres free of easement to build according to town code,  

Here you go, this is one of my properties, that I want to sell as is, or partner up with an investor, 

Denis, thank you for your valuable input! I have a live scenario to share.

There's a distressed home available for purchase at $52,000, and I have the cash ready. This property would require demolition and replacement with a new structure, amounting to approximately $150,000.

The estimated ARV is approximately $280,000, and the potential monthly rent would be around $1,800. Yearly owner expenses usually amount to about $5,000. Considering the typical 70% refinance, the loan amount would be approximately $190,000.

I'm curious to know your thoughts on this opportunity. What do you think?