All Forum Posts by: Samer Abbas

Hi All,

I am in the process of buying my first rental property in Albany, NY. I will probably keep it as a student rental. I would really appreciate if anyone can please recommend student rental friendly property managers.

Thank you,

Samer

Thank you all! For now, I am going with Karen DeAneglus. She already had a relationship with my agent and was cheaper than other attorneys.

@Julio R Gonzalez my agent is Deborah Hoelzli. My older brother lives in Albany, NY and he is the one who recommended her. I would definitely recommend her as well!

I am buying a Single family house in Pine Hills. Its 5 bed 2 bath for $135k, and rents for $2000.

Thank you,

Samer

@Ken Warg I got following recommendations from my agent:

Jami Rogowski - Block and Longo

Karen De-Angelus in Clifton Park, NY

I’m not sure if I can post their contact information here on BP. You can just google their names and their contact information will come up.

Thank you,

Samer

@Pierre Luc leblond Thank you for the recommendation. And yes, I did get some recommendations from my agent. I just wanted some more options.

Thank you,

Samer

Hi All,

I am looking to buy my first long distance rental property in Albany, NY. I already have an Agent and currently making offers on properties. I just found out, I would need an attorney to sign off on the contract. I would really appreciate some attorney recommendations in Albany.

Thank you,

Samer

@Kirsten M. that deal actually fell through. I am still looking for a fourplex to buy.

@Jaysen Medhurst haha I was just tired of waiting and wanted to jump in the water and learn to swim.

I am buying for $275,000. ARV is $350,000. I will be able to increase $150-200 in rents. Renovation cost is approximately $17-20k.

Thank you

Hi,

I am in the process of buying a fourplex for $275,000 and I only have money for down payment and closing costs. I will probably have $100 cash flow with current rents, and I want to rehab all the units to increase my cashflow by increasing rent but I don’t have any money for rehab.

How can I raise money for rehab?

I have family and friends who will be able to loan me money for rehab but how do I add them as a partner? Do I give them equity or do I share money from cash flow? What kind of return should I offer?

I don’t want to flip. I want to buy and hold.

I would really appreciate your suggestions.

Thank you

@Michael Coakley i will definitely keep that in mind! Thanks for the advise.

@Chris Ichter is there anyway you can please share a sample of that contract. It would really help me or anyone here at BP who is starting out.

@August Olgren I get it now. Thank you!