All Forum Posts by: Will McGuire

@Connor Donovan I went to school at SUNY for 4 years so I am very familiar with the area. It is my intention to go back and invest in the area as i think it presents a great opportunity. 

I have been looking for my first investment there for the past few months but didn't find anything that the numbers worked on. 

Your observation is correct; there are a large number of SFR that were divided and rezoned multiple.

Any questions you have on the area, Just reach out!

I know of one in Orange/Sullivan County. He deals mainly in commercial Real Estate. Message me, if interested.

I am a new investor in the Hudson Valley, NY. I am currently analyzing a number of deals and wanted to get an idea of other people's experience with flipping in the area. Has anyone actively flipped houses in the Hudson Valley that could share some advice on what areas are best for flipping? Any advice on the subject is appreciated!

I was looking at a 3 family in Middletown a few months ago. It was a foreclosure that had been unoccupied for a number of years. The CofO had expired but the Realtor said it would be no problem renewing it for all 3 units. After going to the city clerks office, I was informed that Middletown as a whole was taking older/expired CofO's and not allowing them to be renewed other than as SFR.

Welcome Richard Brideau , I am also a new investor in the Hudson Valley. Have you been to any of the REIA meetings? I'd be glad to compare notes sometime!

@Account Closed I am also a new investor in the Hudson Valley. I have also been doing a lot of research and have a few experiened real estate investors I am working with in mentor roles. I am interested in fix and flips and rentals as well as commercial real estate. I will be taking my licensing exam on Tuesday and plan on getting started almost immediately. Would love to connect and compare notes! 

Be very careful using the term "Bird-Dog." As I understand it, this is when a buyer is brought to a seller on a property. However, you need a RE License to bring buyers to a seller.

Wholesaling is different because you are contracting for yourself to buy the property, then selling your stake in that contract to a third party in exchange for a small fee.

I know it seems like semantics, but I think it is an important distinction to make as you can get into trouble for "bird-dogging" without a license.

@Patrick Meyer I will need you to accept my colleague request before I can send you a private message. 

@Lorcan Malone 

I have a few reasons for my current interest in the Oneonta Student Rentals market. Not the least of which is that I went to school there thus, I am very familiar with the area. Also, there are two colleges in the city, SUNY Oneonta as well as Hartwick College both within a one mile proximity - double the demand in the same rental area. 

The city is also has many summer festivals, and is close to Cooperstown and therefore provides summertime rental opportunities, as well. 

Though I don't think its the best rental area in the state, it is a good place to find good deals in the beginning of my investing career. 

@Patrick Meyer I would say, tell me more! I have had this thought cross my mind before and if you are working on a system that does what you say, I am very interested.