All Forum Posts by: Jonathan Makovsky

Hi @Oisin Lewis welcome to BP! 

I live just outside of NYC and invest in CT. There are many markets within a 60 - 100 mile range outside of NYC that you can find with lower property values and higher cap rates. Do you know what type of investing you're looking to do? That might help narrow the geographic location down.

Best of luck to you.

@John Arsenault great for recognizing the right way to find a mentor. Looking forward to seeing you post in the success forums in the near future! 

Best of luck to you.

Welcome @Mark Jovan !

Hi @Nancy Singleton Welcome to BP!

Many members on BiggerPockets generally set-up key words to help others in the forum. For example, in your question if you are looking for an attorney specifically in Tampa, Florida it would be good to have the keywords "Tampa" and/or "Florida" so other members in your area can find your post and respond to you.

Best of luck in your investing!

I am not the best person to answer this, however to the best of my knowledge while REITs have many advantages - especially in the form of taxes - I believe they have a very complex structure that would probably very costly to set-up for small investments. 

I would really recommend finding a good local CPA that can advise on the best structure for your needs.

@Suzanne Beninate I completely agree! Would really like to see more women in this space - please let me know if/how I can help you.

Welcome @Kat W. ! 

@Raymond B. will be all over this post :)

@Nicole Wylie welcome to the site and congrats on taking the first step to what I hope for you is a successful and lucrative real estate investing career/side biz! 

GOOD NEWS: You are definitely in the right place - and there are amazing people on this site that can probably mentor you and provide you with what you need.

BAD NEWS: The mentors you are seeking are for the most part very busy and/or are receiving many similar requests to you from other people.

POSSIBLE SOLUTION: Look on BP for someone in your area that you would like to mentor you and find a way to help them in their business in return for mentoring you. (Think two-way street, most people cannot spend their day helping everyone else out.) Internalize your skill-set and what you are naturally good at and offer that to a real estate investor to help in their business (or another aspect of their life). Many times if it can help them they would be happy to reciprocate: Some examples would be marketing, website building (SEO, PPC), fielding calls from motivated sellers, bookkeeping, or maybe it's something personal that you can help with. Other examples, are bird-dog, drive for dollars, door-knock, cold-call, etc., which might be very helpful for investors and will gladly mentor you in return. 

I know this is not a get rich quick solution - and it actually might be a get rich long solution - but I hope it's somewhat helpful, and will get you rich! 

Best of luck.

@Moshe Eisenberg I agree with @Kyle B. 

If you feel very confident on your ability to return your projected numbers and keep rehab budget/timeline and ARV in check, then I think hard money is the way to go based on just the numbers.

If you're not so certain about hitting your target and your equity partner (understands these risks and) is comfortable with the deal based on the upside, then personally I would go this route and avoid a possible tough situation with hard money lender.