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All Forum Posts by: Steven G.

Steven G. has started 2 posts and replied 40 times.

Post: ROI on Accessory Dwelling Units

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9

Unfortunately I didn’t look into it more deeply

Post: ROI on Accessory Dwelling Units

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9

@jeff 

@Jeff Carll  @Luis Cruz hey guys! Did you find anything out? I’m looking at doing this in Middletown nj, curious how far you guys got?

Post: SUNY Oneonta / Hartwick Student Rental Inquiry

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9

@Will McGuire very cool, your profile says newburgh—that right? My family owns a couple there 

Post: SUNY Oneonta / Hartwick Student Rental Inquiry

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9
Quote from @Will McGuire:

@Connor Donovan I went to school at SUNY for 4 years so I am very familiar with the area. It is my intention to go back and invest in the area as i think it presents a great opportunity. 

I have been looking for my first investment there for the past few months but didn't find anything that the numbers worked on. 

Your observation is correct; there are a large number of SFR that were divided and rezoned multiple.

Any questions you have on the area, Just reach out!

 @Will McGuire hey will! did you ever end up find a place in oneonta? if not, where did you end up?

Post: SUNY Oneonta / Hartwick Student Rental Inquiry

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9
Quote from @Connor Donovan:

Thanks for the info, @Will McGuire! Couple more questions for you: 

1. Do you happen to know if there are additional restrictions on occupancy once you rezone? By browsing the listing of the bigger student rental players in the area I have seen buildings split into as many as 10 units (mostly studios and two BR apts). If I'm looking at a 4BR home currently zoned as a two unit multi would I be able to put up a few walls and convert it into two 3 unit apartments? Or is there a cap on the number of residents per unit? 

2. Based on your experiences during your time at SUNY, what are the students looking for? Is a big 4 person house more desirable than renting two 2-person apts in the same house? Or do the students not really care as long as they are living under the same roof as their friends?  

 @Connor Donovan did you ever end up going into SUNY Oneonta market? if not, where did you end up?

Post: SUNY Oneonta / Hartwick Student Rental Inquiry

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9
Quote from @David MacClintock:

I live in center city and own student rentals in Oneonta. I am SUCO alum and grew up 12 minutes from town. there are very limited deals to be had right now and student unit vacancy is through the roof. Hillside Commons stole 175 students from a relatively small off campus pool already. Hartwick 2 years ago changed rules so that now only seniors may live off campus and the college is significantly under enrollment. The multiplexes made from old Victorians are a thing of the past now. the ones that exist are grandfathered in but you will be hard pressed to take a 2500 ft SF and make it a 1250/2 duplex. Put simply, the biggest player in the student rental game is now playing in commercial on main street and some of their student units have been put up for sale. I actively search for deals to be had around Oneonta but expect to continue working (full time investor) in other markets for 3-5 years.


 David! I hope all is well. I'd love to hear, it's been 5 years since you've said that ^. Are you still in other markets, or are you more in Oneonta? Have you seen things looking better there these days? 

Post: Building a Team in Albany Area

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9

@Wesley Sherow i’d love to! Closing was pushed back to end of April so I don’t have the keys yet. But I’m getting ready to have them very shortly

Post: Rentals in Port Jervis, NY

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9

@Kimberly DiMarino did you end up finding anything helpful about the area? Are you investing?

Post: Port Jervis Remodel Advice

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9

hi @Remi Oguntoye! I'm just getting started looking into the area. Did your deal go through? Any updates on your renno?

Post: Port Jervis NY

Steven G.Posted
  • Rental Property Investor
  • Posts 50
  • Votes 9

@Jonathan Martinez awesome to hear I've been eyeing the area the purchase prices are really good for NY! what are the rents like? have you found vacancy to be a concern?