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All Forum Posts by: Michael Sherwood

Michael Sherwood has started 64 posts and replied 331 times.

Post: New member fro Buffalo, NY

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

@Maiddo Esho you are correct most lenders will not do more than 5 mortgages privately. I recommend you talk to some of the local banks ( not the big ones ) You will have more success. I would also recommend talking to funding companies that focus on helping real estate investors fund their properties ( You can take a look in the pro section)  

Regarding number 2 I know most banks will not deal with LLC. I would consult an attorney and a tax professional on how best to handle this situation, you need to be careful because if you don't do it correctly and if you move the property without thoroughly looking at the contract they can call the balance due so be careful.

let me know if we can help you.

Post: Buffalo or WNY property manager recommendations

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

@Michael Eng and @Jarrett C. We do manage properties in the area but would like to know what kind of investor you both are and what are some things you are looking for help on. 

Post: Looking for GC in Buffalo

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

Looking for a GC that is looking for consistent work in the buffalo area. If you are interested PM me.

Post: looking to meet partner and good GCs

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

Hi Y'all 

I have been going to the local raleigh meet ups and they have been great! 

I want to help new investors but I am at a disadvantage in this market as it is newer to me than where our current business resides in buffalo. 

With that said, I want to find a business partner in the area to create and grow a real estate business primarily focused on property management. We will also be purchasing some properties here for our company as well. The advantage that we bring is we have an established back office built in buffalo that could field phone calls from owners, tenants, and perspective tenants along with other back office tasks. 

I am looking to find someone who could also help us on the GC stuff as well. In the beginning I was planning to do a lot of the work myself because that is how we started it in buffalo until we found some good contacts. 

please let me know if anyone is interested in chatting about this opportunity. 

Post: New member from Buffalo, NY

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

@Everette Barner welcome to the buffalo real estate market! let us know if we can be of any help to you. also, there is a local meet up group that is free for all comers. 

Post: August - Raleigh, NC Meetup

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

@Dawn Brenengen thanks for setting this up again!  it was great to meet everyone !

Post: new to the area and investment opportunities

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

@Nicholas Meeker it was great to meet you as well! well, honestly I am still learning too. I feel that no matter what there is much to learn from each other. thanks for the offer! 

Post: new to the area and investment opportunities

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

Hello all! many of you know me from the Buffalo area real estate meet ups. A little more than a year ago my wife and I moved down to Raleigh from the winter tundra! My business partner is still in Buffalo running our rental business (as do I from here) but we are considering expanding down into this area. We are interested in learning about the types of deals that exist down  in this area. ( I feel it will be very different than buffalo) I would love to sit down and pick someone's brain about the market and can even share some of our experiences from up north. Also, for other investors we do plan to start managing properties down here in the coming months. We already have considerable experience in property management business.

thanks all for the help!

Post: Raleigh, NC Meet Up - Thursday, July 28th - Cameron Bar & Grill

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

thanks for a great meet up guys!

Post: Raleigh, NC Meet Up - Thursday, July 28th - Cameron Bar & Grill

Michael Sherwood
Posted
  • Investor
  • buffalo, NY
  • Posts 354
  • Votes 23

I plan to be there. looking forward to meeting you all!