All Forum Posts by: Keith Tarasiewicz
Keith Tarasiewicz has started 12 posts and replied 21 times.
Post: Considering opening acquisitions in Tampa
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Quote from @Joseph Stern:
Hey Keith, Broker and investor based out of Tampa. I'm under contract to purchase a rental right now, there are still plenty of deals on and off market in our area. The market is still hot with a lot of projects going on whether you are a flipper, buy and hold, developer, or commerical investor there are chances to get in on projects still. I'm finding there are plenty of sellers with motivation and a lot of sellers are more open to creative terms as well. Some are still way overpriced and the numbers wont work from a cash flow perspective especially with current rates but I'm still finding a lot of profitable deals. Reach out if you want to speak more in depth, I've done a lot of different deals in Tampa.
Hi Joseph, thanks for the insights. Sent you a private message to connect offline.
Post: Considering opening acquisitions in Tampa
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Hello bigger pockets community!
My company is thinking of starting acquisitions in the greater Tampa area. Any investors currently buying there? Seems like the Florida market in general is starting to cool off, we're seeing it as an opportunity to get in. Would love to connect with local investors and pick their brain on what they are experiencing.
Best,
Keith
Post: Considering opening acquisitions in Knoxville
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Hello Bigger Pockets community!
My company is thinking of opening up Knoxville for residential (SFR, townhouse and condo) acquisitions. Any investors that are actively buying in Knoxville looking to connect? I'd love to chat about the current state of the market there.
Best,
Keith
Post: Thinking of buying in New York
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Quote from @Abel Curiel:
Hello @Keith Tarasiewicz!
The State of New York is an attorney state so there is an added layer to RE transactions that does not exist in non-attorney states.
All sales contracts have to go through both a buyer and seller attorney. If the purchase in question is a Co-op apartment, there is also a Co-op attorney involved in the deal.
I'd say, that is the first layer of red tape.
Depending on the property type and deal, the other red tape here pertains to zoning, permits, land use, environmental regulations, rent regulation i.e. rent control, rent stabilization, etc. to name a few.
Wishing your company continued success as you look to expand!
Abel
Hi Abel,
Thanks for the insights! Our company model consists of wholesaling and short-term flips. We're in and out of projects in 3-6 months, sometimes less, seldom more. Do you know of any other investors that have had success in the state?
Best,
Keith
Post: Thinking of buying in New York
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Quote from @Jason Allen:
Quote from @Alecia Loveless:
@Keith Tarasiewicz I have family in Upstate New York and periodically think of buying something there. Then I am reminded of how difficult NY is to landlords, how much red tape there is for permits, how high taxes are, how awful it is if you are an out of state investor, etc etc And I do not buy there.
I am guessing NYC has the most red tape, and outside is still difficult. If it's like the Chicago suburbs, each municipality might have it's own rules. I am still hoping to connect with a local investor to understand acquisitions a bit more in the state of NY.
Post: Thinking of buying in New York
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Quote from @Alecia Loveless:
@Keith Tarasiewicz I have family in Upstate New York and periodically think of buying something there. Then I am reminded of how difficult NY is to landlords, how much red tape there is for permits, how high taxes are, how awful it is if you are an out of state investor, etc etc And I do not buy there.
Hi Alecia, based on our company model, we only hold assets for 3-6 months, sometimes less, seldom more. I can imagine it's an awful landlord state, so we wouldn't be doing rentals. Just wholesaling and/or flipping.
Post: Thinking of buying in New York
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Hello Bigger Pockets community!
My company is thinking of opening up New York for residential (SFR, townhouse and condo) acquisitions. For those investors with multi-state acquisition experience, how difficult is it to do transactions in this state compared to others you are investing in? We currently have success buying in Pennsylvania, Connecticut, Maryland, Virginia, D.C. and Massachusetts. I've heard there can be a lot of red tape to deal with but wondering if that's limited to just New York City. Happy to connect offline to discuss. Thanks in advance!
Keith
Post: Thinking of buying in New York
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Hello Bigger Pockets community!
My company is thinking of opening up New York for residential (SFR, townhouse and condo) acquisitions. For those investors with multi-state acquisition experience, how difficult is it to do transactions in this state compared to others you are investing in? We currently have success buying in Pennsylvania, Connecticut, Maryland, Virginia, D.C. and Massachusetts. I've heard there can be a lot of red tape to deal with but wondering if that's limited to just New York City. Happy to connect offline to discuss. Thanks in advance!
Keith
Post: Thinking of buying in New York
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Hello Bigger Pockets community!
My company is thinking of opening up New York for residential (SFR, townhouse and condo) acquisitions. For those investors with multi-state acquisition experience, how difficult is it to do transactions in this state compared to others you are investing in? We currently have success buying in Pennsylvania, Connecticut, Maryland, Virginia, D.C. and Massachusetts. I've heard there can be a lot of red tape to deal with but wondering if that's limited to just New York City. Happy to connect offline to discuss. Thanks in advance!
Keith
Post: Thinking of buying in New York
- Investor
- Chicago, IL
- Posts 29
- Votes 7
Hello Bigger Pockets community!
My company is thinking of opening up New York for residential (SFR, townhouse and condo) acquisitions. For those investors with multi-state acquisition experience, how difficult is it to do transactions in this state compared to others you are investing in? We currently have success buying in Pennsylvania, Connecticut, Maryland, Virginia, D.C. and Massachusetts. I've heard there can be a lot of red tape to deal with but wondering if that's limited to just New York City. Happy to connect offline to discuss. Thanks in advance!
Keith