All Forum Posts by: Vincent Rondinelli
Vincent Rondinelli has started 3 posts and replied 4 times.
Post: Construction financing; Selling condos pre-construction
- Real Estate Broker
- Buffalo NY
- Posts 4
- Votes 2
Buffalo NY
Post: Construction financing; Selling condos pre-construction
- Real Estate Broker
- Buffalo NY
- Posts 4
- Votes 2
I am planning a 40-50 unit mixed use project in New York State. Does anyone have experience with construction finance for brownfields projects? I am interested in selling condo units pre-construction. Has anyone done a deal like this before?
Post: New build single in Buffalo NY
- Real Estate Broker
- Buffalo NY
- Posts 4
- Votes 2
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $1,200
Cash invested: $500,000
Built a new house for myself with what I want on an irregularly shaped lot.
What made you interested in investing in this type of deal?
The time is now to build in Buffalo.
How did you finance this deal?
Alden State Bank
Post: Live in double, 1st house
- Real Estate Broker
- Buffalo NY
- Posts 4
- Votes 2
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $55,000
Cash invested: $100,000
Lived in upper, rented lower, moved out 10/2020.
What made you interested in investing in this type of deal?
Got to start sometime.
How did you find this deal and how did you negotiate it?
I was an agent. I brought it to a client and they didn't want it. So I took it.
How did you finance this deal?
Mort. broker
