All Forum Posts by: Ronnie Diaz

Hello everyone,

I am new to Real Estate Investing and looking to start with my first investment property. I am currently searching for any lenders and realtors who are investor friendly in the Schenectady County area. Does anybody have any experience in or near the county with any lenders and realtors who have worked with investors that they can recommend? The help will be greatly appreciated. Thanks!

Hello All!

I am looking to invest in Orlando, Florida and thinking of doing STR's on AirBNB and VRBO. I live in NYC and was looking for realtors that have experience in investing in the same market or helped any other investors in this niche as well as a Property Manager that has experience in this niche too. Also, if anybody knows of any real estate attorneys that would be able to help and guide me on what licenses I would need to operate an STR business in Orlando, that would be a huge help as well. The issue is kind of hard to find online.

I would also like to know what do people think of this fairly new concept of "Rental Arbitrage". Has anybody tried it and found luck with open-minded landlords? Is it something to consider? 

 Because I live in NYC. I don't have the funds or enough saved up for the 10-20% down hard money lenders ask for on new investors (maybe I haven't checked for the right one) in this market. In other words, the market in NYC would have me pull more than what I have as the down payment and I don't have that kind of credibility for someone to take that risk on me if I would need to borrow. Therefore, a less expensive market I believe would be a great way to start if I need to borrow more than what I have. These can be seen as excuses but I just don't find myself starting in NYC just yet. While NYC looks lucrative when it comes to selling, it's still a big risk.

Hello all! I live in New York City where the house market is too expensive to do anything as a newbie (or at least fear is telling me not to start here first). I want to start house flipping out of state so that I can start generating some revenue and then later use that money saved to invest in buy and hold properties and vacation homes in the future. As mentioned, NYC makes it almost impossible to start and I have been looking at some markets and found that there are some counties in PA worth investing in. I'm currently in the process of looking for agents to work with and some hard money lenders. 

My biggest challenge would be not being present during the whole process of rehabbing and managing the construction process. Of course, communication is key and tech allows us to video call as well. My question would then be how and who would I hire to manage the rehab process physically? Is a GC that I find trustworthy enough? How would I outsource that "job"?

I have a 9-5, Monday-Friday so I would obviously make trips during the weekends when I am available to check up on the property but life happens and there would be times where I won't be able to see the property myself. Any advice on if this is even a good move to make as a newbie? Any other markets where risk isn't so high? I know I just asked more than 1 question but I am stuck on analysis paralysis which I am trying to beat and I guess I am trying to play it "safe". 

Thank you!!