All Forum Posts by: Noman Tariq

Forget NYC... at best you are looking at 5% cap rate with a potential to get stuck in eviction court for over 1 year +. I lived in NYC for over 25 years and searched every inch of the market, but could not find the returns that I have in Philadelphia

Come to Philadelphia. I offer 10-12%++ cap rates, 25%++ COC (if financed) For cash deals, our cap rate significant increases but your COC will drop.

Much more affordable, with higher returns and allow you to diversify your holdings. You can invest 50k in RE and 50k in stocks, bonds, mutual funds etc vs atleast 125k+ to purchase a multi-family in nyc then another 7-10 years to be able to save that money

With $100K, i can get you $25k+ a year in net income, comfortably, enough for you to even retire south of the border! 

Forget NYC... at best you are looking at 5% cap rate with a potential to get stuck in eviction court for over 1 year +. I lived in NYC for over 25 years and searched every inch of the market, but could not find the returns that I have in Philadelphia

Come to Philadelphia. I offer 10-12%++ cap rates, 25%++ COC (if financed) For cash deals, our cap rate significant increases but your COC will drop.

Much more affordable, with higher returns and allow you to diversify your holdings. You can invest 50k in RE and 50k in stocks, bonds, mutual funds etc vs atleast 125k+ to purchase a multi-family in nyc then another 7-10 years to be able to save that money

With $100K, i can get you $25k+ a year in net income, comfortably, enough for you to even retire south of the border! 

Forget NYC... at best you are looking at 5% cap rate with a potential to get stuck in eviction court for over 1 year +. I lived in NYC for over 25 years and searched every inch of the market, but could not find the returns that I have in Philadelphia

Come to Philadelphia. I offer 10-12%++ cap rates, 25%++ COC (if financed) For cash deals, our cap rate significant increases but your COC will drop.

Much more affordable, with higher returns and allow you to diversify your holdings. You can invest 50k in RE and 50k in stocks, bonds, mutual funds etc vs atleast 125k+ to purchase a multi-family in nyc then another 7-10 years to be able to save that money

With $100K, i can get you $25k+ a year in net income, comfortably, enough for you to even retire south of the border! 

I have two properties for sale in west philadelphia.

55XX elliott st - rent ready - asking $53,000

54XX Spruce St - Fully renovated beautiful home. Purchased tax lien. asking 90,000 (additional 5k discount if closing before 08/30)

IMO, these values change depending on neighborhood class. and also keep in mind the amount of work changes depending on neighborhood class. 

Abdul I am a Philadelphia investor. Been in the region for over 7 years, let me know if i can help. I also offer turnkey investments.

I currently have a quad off market for sale in Frankford at 8.5% Cap rate 32% + COC return based on 25% down @ 4% amortized over 30 years with expenses included reserves for vacancies and maintenance @ 5% of gross income, along with the standard expenses of calculating returns such as PM fees, licensing inspection trash and fire alarm fees, and water expense

hi bob welcome to BP.

I invest in areas what some ppl would call the hood. It is definitely an art.

You have to screen your tenants A-Z. You will get a ton of responses for your apartments. Your goal is to find the best 1-3 tenants and start your negotiations.

older ppl are generally better since they have been thru walks of life and having an apartment over their head is extremely important. They feel this is the only thing they have and have to maintain it.

you must be a good negotiator. From negotiating the purchase agreement to lease, to wear and tear to even negotiating the tenant to leave your apartment is a skill not alot of ppl have.

Always remember this is not yuor house. You must be wiling to make all necessary repairs but often opt for the $28 closet door instead of the $100 closet door... There are other cheaper ways of getting doors :)

have actual man hours needed to do the work on the home. Plumbers/electricians charge an insane rate for their work. I have managed learned it is alway good to keep them happy while making sure you are getting atleast 50-75% off the market price. if you pay full price, you will neer make a dime

International investors actually like hood properties. They can buy them and even if the property is generating 500 a month after all expenses, they live in luxury overseas!

the best hoods are close to subways/trains/ public transportations/ large strip malls (think home depot/walmart). These areas will def improve over time as population increases.. (think NYC, san francisco ignore chicago since its called the windy city for a reason)

the MOST important!!

anything you do in life requires work. So if you think you will buy 10 hood properties and  collect 5k a month your wrong. If you think you will buy a 400k coop in nyc and collect 2500 a month you are wrong. 

but i will tell you what real estate will give you. it will give you security as to where your money is. it will give you appreciation even if nominal. It will give you equity pay down and you pay your mortgage and if you ran your numbers correctly it will pay you a monthly dividend. So just like you might research why you are sick and if it is buying aspirin you will take it without consulting a doctor, the same is true for property management. Learn the ins/out material supplies labor etc so if it is small job you can easily tackle it if it is a larger job you can call a contractor and eventually hand off the property to the property manager.

Overall I have been RE investing for over 7 years and I truly do believe if you are willing to work and put in the effort and take risk nin the long run it will span out becuase remember populationg grow exponentially.

I have investment properties in nyc, jersey city, miami, houston, and philadelphia areas. My main focus right now if nyc and philadelphia. If you have any question you can reach out to me Best of luck

you will need min 100k to invest into a decent  property if you are planning to buy in nyc