All Forum Posts by: Ed Kahle

There's allot of inventory here.  Some vacant for years and run down.  Problem is getting folks to sell.  We find houses that are vacant for 5-7 yrs.  and still owners hold on to them.  I think because the taxes are so cheap here compared to NYS it hampers dumping them.   Any idea how to get them motivated?

Anyone wholesaling in  NYS right now?  Any problem getting motivated sellers and getting buyers there?

What about looking up properties with back tax's due?  Then rise by to see if they look distresses.  Follow up with mailings or call.

I'm born and raised in NYS.  We moved out in July to Charlotte NC for a better life.  Big decision for us.  My wife and I are long time business owners and elected officials there in the Hudson Valley.  Rochester has always been traditionally one of the cheapest  housing markets in the USA so it's likely a meca for investors to flock to get the most bang for their buck.  I know an investor in Pheonix that told me last year of the problem there. My wife and I find being our own bird dogs is more productive than using a hired one.  We also use bandit signs.  It's allot of hard work but hardwork will produce.  You get out of something what you put into it.  There is no such thing as easy money.  

Maybe try county records to find owners with back taxes owed.  In NYS it's not possible to let that go on for too long as taxes are ridiculous and two or three years will break you! 

 NYS ranks 49th in the USA for economies, cost of living and loss of  freedoms.  It also has the largest mass exodus of population out of any state in the last decade in USA history.  That's why it was just redistricted for representation.  

You may be able to find good deals in other areas of NYS,  

The long term outlook for NYS is bleak with an aging population, decrease in population, no stopping unfunded mandates, high welfare, extremely high taxes, loss of businesses moving out and an aging infrastructure to support o the backs of tax payers who struggle to just survive. You may also want to look for good deals in other states that have a better economic outlook.  Go south to northern PA.  There is a boom in gas fracking going on down there where you may find good deals and tenants with good income.

I hope I didn't depress you.  The section 8 sector may be profitable there.  I'm selling my apartment buildings there right now to my partner.  The rental market projection for the Hudson Valley is upwards right now and the prediction is it will continue.  Many people can't afford to own there anymore.

My wife and I just started a wholesaling business.  We are using bird dogs.  It's hard to get good help and to get them to find the type of leads your looking for.  We are also using Craigslist but are finding that Craigslist works better for selling than buying.  We also have been bird dogging ourselves which we find more productive than depending on others but time consuming.  We started using bandit signs too.

Is there a better way of finding leads, especially motivated ones?  We're focusing on Charlotte NC area.  We're from upstate NY.  We're finding that people here aren't motivated to selling their vacant properties as much as NY.  Taxes here are eight times less, apples to apples so three years vacant here in NC may only be $3000-$4,000 where in NYS, it's $18,000-$30,000.   How can we motivate these vacant property owners?