All Forum Posts by: Joseph Cameron

@John Underwood, we chose it because we love it there. Our original strategy included St John as a lifestyle air bnb play while working remotely and living summer to summer. We would then use the short term rental income to fund the long term multi family portfolio state side.

Still need to do our numbers but lifestyle given the current situation is a must.

My girlfriend and I are considering investing in a short term rental in St John or St Thomas USVI. Any advice or suggestions?

@Evan Polaski well received and much needed insight. I'm learning as I go and uncovering nuanced info and approaches layer by layer. Loving it though and massively appreciate your input.

We are looking to speed up our process and add value to an agent's journey. If you are seeking, new off market leads and are interested in JV deals on wholesale deals in North NJ, please inbox me and let's chat!

@Evan Polaski much appreciated on the feedback. I would have to renovate the units and it turns out the tenants just signed a new lease so they are locked in. I applied the GRM method and didn't come up with a great number. I was able to do a cost per unit based on 2 fam and apply that method. Problem is there was only 1 comp and it came out significantly higher and almost looks impossible haha.

I am aware that with multi-family, ROI is key. However, given that residential real estate value is based on ARV, I am struggling to find comps on a rented 3 fam property that seems to be under-performing. Avg rents in the area indicate that we could get 50% more income but I'm unsure of my assessment.

Here are the specs:

3 Fam, 8 bed, 4 bath (2 x 3/1 duplex in front + 2/1 flat at the back), 2208 Sq ft, built in 1900 on a 3123 sqft lot. Currently rented at +- 4k monthly but avg rent for 2/1 in the area is 2300-2700.

@Michael Ealy This is excellent advice. I am officially dedicating my hour daily to BP to contact 100 brokers. I'll see you on the other side.

My partner and I are looking to assist investors and cash buyers find inventory specific to their needs. We are wholesalers and investors looking for educational value and a relationship that speaks to a focused approach. Reach out and let's chat.

I am working with a local cash buyer in Queens, NY, to procure original condition single family homes in Queens. Requirements: original condition, clean title, delivered vacant, minimum lot size of 4,000 sq ft, R3 or R4 zone. I am willing to share a % of commission with any wholesaler etc. that can bring this + assist in getting under contract. 

@Russ Scheider many thanks for your input. I'm a big fan of asking the right questions and coming at this from a perspective of 'how can I help' as opposed to just seeing $ signs.