All Forum Posts by: Jimmy Dumas

This is a great site !

@Joshua Dorkin I got it. I was on an old Internet Explorer browser and that @mention function didn't work. Thanks for letting me know.

@Joshua Dorkin - This is a great forum/website/community from what I see so far. Goegraphically the Bronx is a little far, but I would strongly consider Staten Island and Brooklyn.

Also, I just set up my keyword alerts on NJ, NYC, multifamily to name a few. Over time I hope to have a positive impact on the BP community. It seems that so many of you have already done so thus far.

See you around the site too !

@Pete Nater - I will definitely keep you in mind since you're in NYC. Thanks for reaching out.

@John Moore - Thanks for the encouragement.

@Darren Sager - Thanks. Good to see NJ represented.

@Joel Owens - Thanks for the 50 - 70% occupancy tip. It makes sense to not purchase a completely vacant building. As for the deal that I am looking for, I would like to purchase a 4 family and put down 10%.

Hello,

Here it goes... I am a Licensed Architect who has helped many real estate developers make a ton of money over the years by designing their projects. Fortunately, I took the plunge in the late 90s and bought a few properties and rode the real estate wave. Fast forward to 2013, I am looking to execute a better plan which includes creating multiple streams of income by investing in multi-family properties that require rehabbing. My goal is to have a 5 year holding period for these properties and then analyze whether it makes sense to sell or to continue to hold on.

I live in central NJ but find myself in New York City, mainly Manhattan and Brooklyn, a few days a week as well as northern NJ. If anyone else is on a similar or parallel path, let me know. If not, I'd like to hear from you anyway. Thanks.