All Forum Posts by: Elio Campiolo Jr

Check out these guys https://www.biggerpockets.com/business/page/4064

Hey @Aaron Ram, fellow Stamford-based investor here. Love to see a seller financed/1031 exchange combo deal. 

Where is the property located? I was thinking Stamford at first, but the projected rents seem low for the area.

I have one comment on the financing, you mentioned a 30-year amortization but then also mentioned interest only, which one is it? If it is indeed I/O, I would just make sure you have enough NOI to cover the refi with some conservative debt sizing assumptions. I see you did a loan sizing down below on your sheet, but I'm thinking that's on current NOI and not on a 7-year projection. (And if that's the case, you should be fine in 7 years).

Hey @Rich O'Brien, late to the party here but curious to see if you were able to find a way out of your tough situation.

Hey @Beau Wollens, late to the party, but curious to know what you ended up doing here. I'm local to Stamford and always willing to talk about the market or anything relating to real estate in general, feel free to reach out.

Hey @Wesley Peixoto, I'd love to connect and chat about real estate. I'm also from Brazil and I'm local to Stamford. Feel free to reach out!

@Travis Oneill gotcha. Just look at cap rate as the return you would get on the property. In your scenario, you would get a 8.83% return on the $825k.

@Travis Oneill is this something you're looking to purchase?

You're at NYU, network, network, network (that's mostly what you are paying for). Students, alumni, professors, your next position will likely come from one of these people. Get involved in the events, students association, as much as possible.

I'm currently going through the same thing, and I was just told by multiple investors that Larry Garfinkel is the man for the job. I was just told this over the past couple of days, so I haven't had the chance to talk to him yet, but I'll be giving him a call soon.

Anyone out there attending The Masters of Real Estate event this weekend in Vegas? Looking forward to networking with some fellow investors!