All Forum Posts by: Suzanne Player

Try giving yourself an option at the 60 month mark for long term fixed rate financing at a rate slightly higher than the current rate in the applicable market.  If rates go up you're obviously protected.  But the seller would also benefit by having a loan at a generous rate if the rates went down but you didn't sell.  When the time comes, the seller might want to continue getting predictable payments and you might not want to sell (or face a difficult market to sell in).

Also, the seller might not want to foreclose if the market for the property is not conducive to selling at the 60 month mark.  (After all, if the seller foreclosed the property is now his/her problem & they have to pay the carrying costs on the property.) 

Some topics we'll talk about this month:

How to find deals - off market

A walk through how rental cash flow changes over time & how to consider a deal given today's high prices

A quick analysis on some cheaper deals as cash flow properties

**Please feel free to message/email/phone/text group leader if you'd like to add an topics or bring up questions

As always, bring your investing questions, none are too basic, we've probably heard the question before. For any of our meetings, further topics may be added, as always, anyone who has an idea or something to share is always welcome to bring it up & talk about it with us.

Remember...
Even if you are not ready to invest just yet, you can start the process of educating yourself about real estate.
You don't get anywhere by just clicking the Join button on Meetup.
You make progress toward your goals by actually attending events, learning new information, & meeting new people.

PLEASE NOTE: This is not an advertising platform, a sales funnel, or a marketing ploy. We don't want to waste your time with useless drivel because we hate to waste ours. And, we will not put you on any marketing lists & start spamming your inbox - no matter how much you beg us to.

Twitter: @RealEstateRoxNY
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Facebook Networking Group: By Invitation to meeting attendees

There are a lot of groups that meet in person locally, check the Events & Happenings section on Bigger Pockets, choose Long Island from the drop down menu.  You can also go on Meetup.com & search for groups in the area

When you have a deck removed (or made much smaller), what do you about the old metal & cement supports?  Are they a safety hazard if left in?  Does covering with new soil & re-seeding the area work or would they be in issue if the ground changes over time (due to rain)?

What type of contractor would you call to remove them completely?

I have a meetup & am about to schedule the next meeting, we

always post our meetings on Bigger Pockets forums at https://www.biggerpockets.com/...

Hi Kristin

I have connections with wholesalers who might have something you're interested in, feel free to contact me  

Hi 

Does anyone have a recommendation for a GC you've used in Nassau County, Long Island, NY?  

If you have any warnings or caveats, please feel free to message me privately as well

Compared to other parts of the country, the real estate stock in New York tends to be very individualized, non-cookie cutter.  A lot of properties have unique architecture, due to a lot of spot building done over the years.

Geographic market areas in the New York City metropolitan area are extremely specific, and there are a lot of factors that can affect the value, like school district.  Getting comps on a property is more labor intensive than other places (from what I hear).

If you missed this event, you can find the next one, and others scheduled, on Bigger Pockets in the Long Island Events & Meetups section in the Classifieds left sub menu in Forums

Our next meetup is posted at:

https://www.biggerpockets.com/forums/521/topics/1114141-may-2023-lets-walk-through-some-sample-2-unit-deals

To get notified automatically when an event is scheduled, you can join our group as well

https://www.meetup.com/real-estate-rocks-investing-group/

Investors (& aspiring investors) of all levels welcome

If you live and/or invest in the Long Island/ New York City area, please feel free to send me a Bigger Pockets connection request

If you missed this event, check this forum for upcoming events such as the May 2023 Real Estate Rocks 

Meetup

https://www.biggerpockets.com/forums/521/topics/1114141-may-2023-lets-walk-through-some-sample-2-unit-deals

To get notified automatically when an event is scheduled, you can join our group as well

https://www.meetup.com/real-estate-rocks-investing-group/

Investors (& aspiring investors) of all levels welcome

If you live and/or invest in the Long Island/ New York City area, please feel free to send me a Bigger Pockets connection request