All Forum Posts by: Tyler Drapeau

@Omar Ismael great story! NYC carpenters ? Keep up the crazy work my man

@Alex Kenny What town do you work in? I would try and look around a short commute area. Areas that I see appreciating, long term regardless of an impending downturn, would be areas like bound brook, rahway, and wharton/dover. All are undergoing/have undergone further development in their downtown areas. I know Wharton and Dover are specifically in an opportunity zone which which I think will bode well for appreciation long term. All three of those areas are at decent price points for central to northern NJ, but the key is what really makes sense for you and your full time job at this point. 

@Miguel Carbajal Make some connections at REI events, find ways to cut your expenses and save money, figure out your strategy, narrow down your market, and go! Basically what @Taylor L. said above.

@Vuthy Seang

Look into Norada Real Estate Investments, they are extremely helpful and helped me with the turnkey I purchased in the Memphis area.

@Frank Procopio @Greg Dickerson I figured as much, just wanted to make sure I wasn't hoping for something that wasn't in the realm of possibility. I appreciate the insight!

My partner and I are looking at purchasing an apartment with extensive code violations. The violations include pulling construction or electrical permits and the fines are seven figures. Has anyone ever negotiated down the fines associated with an apartment building they were going to purchase ? I’m calling the code office on Monday to start the conversation and wanted to get some input. Also we will of course use this in negotiations with the current owner.

Any thoughts or comments would be greatly appreciated!

@Drew Walls I didn’t realize you were having an event. I would have come to it!

@Kenneth Butler of course, good luck! Any way I can help please feel free to reach out.

@Derek Catt Suggest househacking the VA loans in properties that you'll have at least 20% equity. The equity would allow to you to refinance out in a year and continue the process. You'll have multiple units, have put no money down, and can continue pushing ahead. Good luck!

@Kenneth Butler I’d say my first step would be to see what expenses you can reduce or eliminate. Take the money you are saving each week or month and apply it to the credit card aggressively. If you can’t reduce any expenses, try listening to the latest BP money podcast about becoming a notary for real estate closings. It could be a great side hustle!