All Forum Posts by: John Cohen

@Keith Scott it depends, what are you looking to accomplish? What are you real estate goals?

$26,000 a year for passive cash flow is pretty solid, if you 1031 the sale and you can get a return greater then $26,000 I would consider selling. Just be aware of what is your plan for the money?

@James Grant you don't want hard money on apartments unless the deal supports it. In today's financing markets you can get great rates and that is what I would try to secure. Clearly the deal needs to support whatever debt you want to secure. 20% is definitely a good number to assume, generally we are out of pocket 30% including capex, reserve, closing etc on our properties 

@Oleg Shalumov

Welcome to BiggerPockets!!! Love the strategy I did something very similar, left my job became an agent in NYC and then went to a commercial firm to specialize in multifamily. After that I started my multifamily business.

If you have any questions don't hesitate to shoot me a message. 

@James Grant Go bigger!!! I would try to shoot for a larger multifamily property it makes management significantly easier 

DATE AND TIME SET 

• Tuesday, August 9, 2016

  Tuesday, August 9th 7:00 PM

• Your Mother's House

  2349 Jericho Turnpike, Garden City Park, NY 11040

@Richard Y. shoot me over your emails and I will get you on the list

@Chris Jackson Congrats!!!! Keep crushing it brotha and keep the success tips coming in.

@Sarann K. I have closed 4 loans with Arbor, I love them. Never have worked with assetavenue.com so I can't speak to their products. 

How many units? what is the purchase price? whats your plan for the property? I think if you can answer some of these questions you can get some better ideas of what type of loan you are looking for.

I hope this helps.

@Jen Pfeiffer ill add you to the group

@Roy Ragusa we are having another event 2nd week in August. Send me you email

@Jeffrey Baravarian we are going to do this once a month. Send me you email