All Forum Posts by: Nathan J.

Thanks Angelo for the insight.

Mark  - thanks for the response. I have never considered triple net leases before. How would you advise i explore this avenue further?

 Engelo - thanks for the reply. Would you mind explaining more why you think Upstate NY is tough. Is it that the return is much lower than other parts of the country, or that vacancy rates are higher, or that price appreciation is minimal. Would love to hear your thoughts in comparison to other markets. 
Thanks,

Hi there, I am seeking some advice on strategy for a newbie. Should i start with 3 unit or 4 unit buildings and grow from there, or should i start straight away with commercial residential real estate and look at much bigger buildings (even apartment complexes)?

My goals are cashflow. I have spent the last 2 months doing a significant amount of research and learning about REI. I have been analyzing tris and quads in the upstate NY region (hudson valley), and am about to start looking at tris and quads in Albany, NY. So far - i have found only lukewarm deals. I don't really want to spend a lot of time with the day-to-day of managing properties, and essentially want to be a hands-off investor; this is what makes wonder if i should be looking at much bigger buildings. I do have a good chunk of capital to invest

Would appreciate any insight here?

Hi Guys - i am looking at investing in small multi family units (3 or 4 unit buildings) in and around the Albany area. However, since this is at least an hour drive from where i live, and i work full-time, I am am looking to have it run by a property manager.

How would i go about finding a good company to help out here? Any recommendations? Seems like there a number of bigger agencies that deal with bigger buildings, but i have not come across a manager that would run a smaller building.

Hi there - relative newbie to the site here. Is there somewhere on the site i can find REI clubs in new york city? Also is there somewhere here where i can get recommendations for brokers?
Thanks in advance

Thanks Michael. Are you able to give me an idea of what it will cost? 

Hi

i am seeing a number of 4 unit buildings in the Kingston, NY market where the owner pays the heat. Does anyone have experience of converting this kind of house to a situation where the tenant is individually metered and pays their own heat. The houses i am seeing are oil based heat.
I know its preferable that they come individually metered but want to see if anyone has experience of converting

Thanks

Thanks brie. That's very helpful (and inspiring)

Great point Anthony. That's what led me to ask about Brie's podcast. I have not found anywhere near those numbers. I have only been looking for about 2 months, and in the hudson valley area, but still those numbers ($400 per door) seem too good to be true!

You're right on that. Though when i do my calcs i usually factor in 9% of annual income for repairs, and about 6% for vacancy. I may move that repair assumption down to 6% if the property is in excellent condition. After that i am at about $150 to $200 per door and about 11-14% in yield. I haven't actually pulled the trigger anywhere though i have a few offers in play. So at the moment this is all theory...