All Forum Posts by: Juan Barreneche

@Shawn Ackerman Thank you !!! 

Come join us for our monthly Queens Real Estate Investing Club hosted by your local real estate team. If you are a beginner investor with 0-3 deals completed then this is the event for you to attend. We specialize in providing you with the road map & guidance needed in order for you to accomplish your real estate investing goals.

Club meetings consist of topic discussions regarding how to get started building wealth, goal accountability, real estate investing action plans, access to off market deals/properties, & open ended questions to one of our licensed professionals. At every meeting we will have an investor friendly Attorney, CPA, Banker, Insurance Agent, Title Agent, & Real Estate agent present to address any questions.

This meeting is absolutely free but only people who reserve with Event Brite will be allowed admission ! Please register with link below:  

https://www.eventbrite.com/e/queens-real-estate-investing-club-beginners-welcome-tickets-42541114619?aff=es2

What's the best way to get a deal in a low inventory market ?

Hey Alexcia,

Just tried messaging you ! Please accept my connection.

Best,

Juan 

Please join us for a real estate investing seminar catered specifically towards beginners. We will have a panel of top industry professionals in law, banking, accounting, insurance, construction, and title speaking about the benefits of real estate investing and what to be prepared for when encountering different parts of the real estate transaction. Seminar will be followed by brief Q & A and networking. MUST REGISTER ON EVENTBRITE LINK BELOW:

https://www.eventbrite.com/e/real-estate-investing-seminar-for-beginners-tickets-38692108137?ref=estw

Hey @Yi Zhao ! There are several opportunities throughout Queens and Brooklyn. Right now most of the house flippers/developers I work with are focusing on Jamaica, Ozone Park, Cypress Hills, and East NY. That being said they are buying deals at 65%-70% of market value. Fully Renovated Legal 2 family homes in these areas range from $650-$750k so that would mean your acquisition cost to make a decent profit should be around $425-$485,000. 

Right now if you have $500k cash to play with you are find to acquire a deal but will need additional funds for repairs, expenditures, and closing costs. There is never a bad time to flip real estate and make a profit, it will always come down to how low you can acquire the deal for.  The best investors flip in good, bad, and average markets.

Send me a message if you would like to chat more !

-Juan 

Yes I agree,  proper management is key to making sure the risk of your investment remains as low as possible. Yes I do and very cool let me know if you need any help along the way !

Hey Eric that's awesome news and congrats on doing your first deal !!! All I can tell you is that what you are feeling is extremely normal. By stepping outside of your comfort zone and doing something you've never done before it is natural to feel nervous or overwhelmed. Keep remembering that if the numbers made sense from the beginning then you are in a good position moving forward. By doing this first deal you are way ahead of the crowd who never took action. 

After closing make sure you pre-screen tenants to your greatest extent and learn about what is needed to properly manage your investment. This is the first of many man way to go ! 

Hey @Isai Turcios the price will differ based on location and property. If you want an exact estimate the person you would want to contact is an Architect. Along with getting a new c/o there will be filing fees involved with the DOB and any possible permits the contractor may have to pull. Good luck with the conversion !

Thousands !!!