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All Forum Posts by: Sal Mazzone

Sal Mazzone has started 8 posts and replied 43 times.

Post: Scared, Excited, and Ready!

Sal MazzonePosted
  • Investor
  • Tarrytown, NY
  • Posts 44
  • Votes 10
Originally posted by @Benjamin Potts:

Sounds like you're off to a great start.  Let's get together and have coffee sometime, I'd love to brainstorm together.  

 Thanks Ben. Happy to meet up for coffee. 

Post: Scared, Excited, and Ready!

Sal MazzonePosted
  • Investor
  • Tarrytown, NY
  • Posts 44
  • Votes 10

Hi everyone,

My name is Sal and I'm currently living in Westchester, NY (about 25 miles north of manhattan).  I'm primarily looking to get into cashflow properties.  I currently own two properties, one of which is being rented to a tenant, the other is my primary.

The biggest issue I'm having is finding good deals here in Westchester.  Properties are very expensive, and taxes are extremely high. When I run the numbers, it's almost always resulting in negative cash flow.

I have a decent amount of equity in my primary residence as I bought it from the county at a deep discount and rehab'd it. So I would most likely tap into the equity and do a BRRR method.

Any advice on expensive markets? I've been thinking about looking further north in Putnam county which has more affordable taxes, and lower property prices.

Post: Looking to expand buyers list in NY and NEPA

Sal MazzonePosted
  • Investor
  • Tarrytown, NY
  • Posts 44
  • Votes 10
Same question as Mike above. If westchester/Rockland is part of your area I would be interested.