All Forum Posts by: Matthew Perry

did something like this before, you are onto something. you have the right idea of starting with an elementary school in that you have a pretty decent baseline with which to work of and already naturally delineated space with the classrooms I am guessing. If it is in a surfer community in P.R you most definitely have something there, how far away is the closest resort/hotel? What is their going rate (inflate anywhere between 10-15% to factor in the A.O.C [AGE OF COVID])? What is the total square footage of the building and if you go by 5x7 what are you able to get out of it in terms of unit count? 

We completed a total renovation on a six unit in manchester earlier this year that was totally destroyed in a fire. I get it, that is totally a labor of love but the project is coming nicely and looks amazing. What was the hardest choice you had to make in the construction aspect? 

@Will Long great to connect with you. 

Hi @James S., I am an investor, developer, wholesaler, and property manager from the Boston to Concord area. The Rochester has been crazy in the age of Covid, as it has seen month over month growth. There is a lot of moving peices there. First and foremost, it has always been a value play off the Portsmouth area but as people have been fleeing the cities in a mass exodus as people look for the safe and conservative play. There is not a lot over complication here, Rochester is a cap rate value play as its a haven of independent landlords who have owned the buildings for a long period of time. We have been flipping contracts and seeing a lot of mid sized investors (folks between 100-200 doors) scooping up the the two, threes, fours, and even fives with portfolio purchases. Where this comes from is the investors who are looking to grow door count, hold for three to five years and then move on. Is that a signal for long term health? Nope. Is it a positive sign for folks who are looking to cashout now? Absolutely. This is more indicative that there have been inefficient markets in the greater real estate market, and COVID is just bringing those to the forefront. 

Where are the folks wholesaling in the Little Rock area? 

Great market. Would love to connect with folks in the Triad area. 

We have seen a real boom in those three towns that you mentioned, in particular within the Rochester market. Its fascinating because within the multi-family market there the market is only going up and up, as investors have been scooping up properties. I do not know how long it can run like this, but its interesting to see. 

HI to everyone, 

I am a current wholesaler and rehaber primarily based on the east coast, in the high end market and we are growing our wholesaling operation nationwide. This will by no means be our first rodeo, however I am looking to speak with folks who are actively in some of these markets

Are you wholesaling in any of these markets? If you are I'd love to speak with you: 

1. Fort Myers, FL
2. Charlotte, NC
3. Greensboro, NC
4. Detroit, MI
5. Cleveland, OH
6. Memphis, TN
7. Montgomery, AL
8. San Antonio, TX
9. Charleston, WV
10. Milwaukee, WI
11. Wichita, KN
12. Little Rock, AR
13. Louisville, KY
14. Omaha, NE
15. Boise, ID
16. Billings, MT
17. Fargo, ND
18. Portland, OR
19. Reno, NV
20. Albuquerque, NM
21. Sacramento, CA
22. Fresno, CA
23. Tuscon, AZ
24. Midland, TX
25. Des Moines, IA

Hey Bonnie!

Welcome to BiggerPockets! Happy to connect with you anytime and hear what you are doing in the commercial lending area as well as what you would like to be doing in the real estate investment world. 

Sure!