All Forum Posts by: Roi Azoulay

@Christopher Bawiec 

@Devin James answer + 1 

> From my experience, the deals are in the follow-ups, don't let loose on the contacts you made - When that homeowner is ready, you want to be on his phone call list. 

Keep doing the work, and good luck! 

@Mike Schorah Litigation is where everyone moves the ball back and forth without time out. If this is not a simple title issue, you will need to calculate if it's really worth your time.

Most litigation attorneys will ask you for a retainer before even going to court, so do the numbers and see if it's really worth it or if you can spend energy on finding the next deal. 

@Justin Brittingham

1. Learn the basics and be prepared to ask yourself again and again if REI is what you want to do.

2. Find a simple operation in your budget that can help you to process property records+marketing  (There are way too many CRM/Skip Tracing/Call Systems in 2023 for what one single investor can chew). 

3. Find what it is that you want to focus on first:

(It could be learning an area that you didn't know has potential before, a better technic to practice how you speak to homeowners, or what would be the proper marketing plan within your budget and limitations).
The idea here is small goals with a direct outcome - control your calendar - what day and time you do what and how etc.

4. If you invest in an area close by - spend a whole day there, look at properties, talk to people at a local coffee shop. Get a feel of who the homeowners are that you are seeking to work with - It will help you figure out what marketing channel works better for this specific neighborhood, and when someone finally answers the call - you can speak with confidence b/c you know this area already. He/she can sense that you are not a virtual caller. This can start the conversation a lot better.

5. None of those programs or any guru "masterminds" courses will help you start making money! What would really help you is You, the frame you are operating from, and a cell phone.

6. Don't get lost in finding answers on YouTube or BiggerPockets, they are all great sources of information and networking, but at the end of the day, It is about you taking action.   

7. Good Luck! 

@Evan O'Brien 

Hi Evan, I'm in the NY/NJ market. 

I sent you a PM.

Quote from @Nathaniel Barnes:

Everyone seem to agree that Jerryll Noorden program is legit so can anyone tell me how much is the program. 

 around $6,000 for the credibility part before SEO 

Quote from @Mike Sarhan:

Hi BP Community,

Does anyone have any experience with buying or selling a NYC class B SRO building in NYC and SRO conversion? Specifically converting a building with Class B rooming units to Class A apartments.

@Mike Sarhan

I am on a contract w/SRO property in Brooklyn. From my experience so far this is going to be a long and tough process.
Some of the laws in NY changed recently and you are required to obtain a certificate of no harassment, No permits will be issued until it is resolved.
You will need to work with the current tenants for this certificate to be approved which can take up to a year or more, Definitely something big to consider.

Quote from @John Geldert:

@Roi Azoulay terrific, do you currently invest in PA?

I’ve seen a few properties for sale and sent offers in the past week, did not close on them yet but doing my homework in the area…

Quote from :

@Shoshana Shulman haven’t worked with Norada, but do with another turnkey company doing new builds in Cape Coral. Currently I’m building a 4/3 new build in Cape Coral. Total all in cost is about $265k and I financed It at around 3.6% with 10% down. Rents right now are at about $2300 and climbing. Currently post construction appraisals are coming back at $340k-$410k depending on location of the property. If I play my cards right I will be Anel to do a cash out refi, still cash flow decently and take all my equity out to do it again. I’d be happy to connect to share experiences. Good luck!

@Patrick Bavaro 

I received a few offers on a similar size built in Cape Coral, Do you care to share more about your experience and maybe recommend someone local?

Quote from @John Geldert:

@Jon Kelly sounds good! Will keep this thread posted on a date and location. Feel free to Dm me to connect beforehand.

@John Geldert I’m interested as well! 

@Kelii K. The Catskills area is in deed very hot, I have sent an offer this week for $50k above asking price for a great Turnkey STR just two days on the market and the seller already accepted an offer.
There are some good options for cabin style properties if you have to time and funds to invest in upgrading a unit to the current standards. 

@Mark Miles Thanks for sharing the info about the Poconos, I have an offer to purchase 3 STR all together spread out in the Poconos and still trying to decide about this area and how quickly I can have them up and running. It seems like the number of STR over there is very high which is hard to compete with but compared to other strong vacation markets like Smoky Mountains or Florida beaches the prices are still decent.