All Forum Posts by: Megan S.

Sorry to co-opt your thread, but I'm looking for an investor-friendly realtor in New Haven. If you have any recommendations, please send my way! Thanks!

@Alan Brown @John Hickey - As I mentioned, I'm going to be in Newburgh this Saturday to view a few properties. Either of you want to meet up for coffee?

@John Hickey I'm making my second trip up to Newburgh this weekend. I know it's rough - but it does seem like the cash flow is there as long as the rental market remains okay. And I like the idea of supporting the city by keeping property in good condition, being a good landlord, etc. Kingston is also interesting to me, but as you point out, not commutable from NYC, which is a bummer. Do you own property in Kingston? Seems like a place to do fix-n-flips, or do you BRRR there, too? Thanks again!

Hi @Jared Gettinger! My partner and I are doing some long-term traveling, and we're currently in Brooklyn through October. My hope is to purchase a place while we're here, stay until any needed renovations are done (maybe living in one of the units while we renovate), and then either manage the rental process remotely or find a property manager. I've been able to manage my Portland property remotely for the past year without too many hiccups. Thanks for your input!

Hi, BP friends! 

I'm looking to invest in a multi-family property (BRRR) in upstate NY, and have been exploring Newburgh, Kingston, Cornwall-on-Hudson, Coldspring, Beacon, and Poughkeepsie.

I'm new to this area - does anyone have thoughts or insight into these markets? Maybe you own a rental in one of the cities above and have some lessons learned you could share? Any investor-friendly realtors I should work with? Tax breaks for renovations I should know about?

Thanks in advance!

-Megan

thanks so much for your input @Shawn Ward!

@David Faulkner - Not sure if you read @Account Closed's post above mine, in which he (correctly) states that the market in Portland is no longer conducive to my goals. I bought in 2013 when one could still get a good deal on a multi-family home. Thanks for your input.

Anyone other thoughts out there? :)

@Chris Parrish To clarify, I receive $1815 NET, not gross. Nationstar is my lender, and they used the income generated from my current property + 75% of the income projected for my next property in their qualification algorithm.

@Account Closed I'm not looking in Portland. :)

@Greg D. I would love to follow along, too! I'm interested in forming a partnership RE biz, too, and would love to learn from your experience. I'm from the Portland area (own a home in SE PDX), but am currently doing some long-term traveling with my partner (we're in Brooklyn until this fall). Let me know if there's a good way to be in touch outside of the forums. Thanks so much!