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All Forum Posts by: Thomas Higgins

Thomas Higgins has started 10 posts and replied 73 times.

Post: So how's the market for LTRs?

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

Hi Mike,


Pittsburgh's rental market is seasonal. Time your leases so the units hit the market again in June, and you will do well. Miss the rental season; drop your rents to get heads on beds.

There is a narrative in town that it is a difficult market to break into and hard to get good labor. This has not been our experience. I would recommend looking at the more desirable locations. Avoid low-income areas and pay under 200k a door; you will do well! Pittsburgh's MSA has negative population growth but the micro "up and coming markets" have strong positive population growth

Post: Any recommendations for Property Management Software?

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

Buildium all day! 

Post: New investor from NYC

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

@Elias Marte Feel free to direct message and I will give it to you.

Thanks

Post: How I made a $29k profit in 2 months on 1/2 a house.

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

Great story! 

Post: New investor from NYC

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

@Jalen West AND @DARIO ROSARIO

Hey guys,

I appreciate reaching out. Always interested in looking at deals / opportunities. Currently focusing my sites on Queens (JH, Astoria, Sunnyside) flip/rental opportunities.

Best,

-Tom

Post: Fire Island - Saltaire

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

Hello,

In search of an experienced agent that works in Fire Island - hopefully with past listings in Saltaire. 

Possibly looking for a listing agent for a sale coming in May.

Thank you!

Post: New York City REO Broker Needed

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

Hey Richie - you should also look into a good REO RE lawyer which will definitely be necessary when dealing with REO deeds. Also any seasoned lawyer will definitely have a rolodex of REO specialists. Let me know if you can not find anyone good - I haven't deal with this side of the business so I don't know anyone directly but I could ask around

Post: New York City Newbie RE Investor

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45
Hey Richie, Like minded investor in the NYC area would love to chat about the market sometime. Best, Tom

Post: Importance of being a broker in New York City?

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

Will do Jesse I appreciate it. ty

Post: Importance of being a broker in New York City?

Thomas HigginsPosted
  • Investor
  • Pittsburgh, PA
  • Posts 78
  • Votes 45

Hi all,

New to BP and love it so far!

I am currently finishing college and was a very active licensed sales agent doing property sales and rentals in the Columbia University area for a brokerage in 2013 and 2014. I have kept my sales license active but have not been actively doing agent work since then - instead focusing on school and interning for a larger RI firm in Manhattan.

 After graduation I am planning on starting my own RI company with a partner to do (part time) investing while we work until we feel comfortable to commit to it full time. I also have a brokerage lined up to hold my sales license while I start my company and work at a full time job. 

That being said I am curious if there is any extra incentive for me to put in the hours now to get my brokerage license. Will a brokerage license be useful for me when I am investing / starting my own company over being just a licensed real estate sales person? 

Thank you in advance for any advice.

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