All Forum Posts by: Moshe Aharoni

Hi everyone

As a contractor it depends on how well you know the contractor. I have been given 100% of the proposal price but my company worked with the client for over 40 years.

As for protection, 20-30% is reasonable. Myae sure you have a proposal detailing the work and payment schedule. Also make sure the contractor is licensed insured and has workers compensation.

I hope this helps.

@Lee Underhill Congrats on the investment! If I may ask did you purchase the property in new jersey,if so where?

@Tom R. 10 dollars when it's this big doesnt hurt the bank. As long as you dont play consistently it wont hurt.

i am in the process of selling my property in brooklyn. the market is still doing very well... the rise of interest rates will only be a short term cooling period but will not prevent this market from staying hot.

i am selling because of other business opportunity. if you do decide to sell remember money loses value over time. have a plan to invest somewhere else. newburg is starting to heat up!!! i know of an architect who moved out there and was telling me investors are flocking there.

whatever you decide good luck!

I agree with Jimmy Klein. as a landlord I haven't had this issue. but as a commercial hvac contractor I have had issues with pipes bursting etc. you don't offer the tenant anything. immediately file a claim with your insurance company. hire a remediation crew to clean. up any if the water/ damage that occurred. Let the insurance company handle the rest. they will assess damage and might even sue the 2nd floor tenant.

My apologies I meant amit

hi Amit and everyone who contributed to this post. I'm looking to invest in rental property in the Binghamton area. Currently I'm looking for a reliable property manager. If anyone knows anyone out there I would appreciate it.

Thanks Amir for this post. Also my objective is to buy an apartment building near the campus.

an inspiring story for all new real estate investors. congrats and good luck on your next project

hi ricky

Im moshe and an investor in west long branch nj. welcome to the path to financial success! i wish you good luck on your deal.

Daniel - when is the next meetup? thanks

would love to see before and after pictures. if i may ask how did you find the contractor?