All Forum Posts by: Bill Sonzogni

I think J Scott did a great job in defining how we as investors extract value and why we seek out real estate as an investment vehicle. It is not the actual property itself where we derive the value from, but how we uitlize that property. Whether it be rehabbing, cash flow, etc, it is all a way of producing a return, so even if property X's value stays constant, investors create wealth by how they maniplulate the property and it's percieved value at any specific time. So in essence, Shiller's notion that inflation adjusted gains in real estate from 1890-1990 on a value basis are non-existent, he's right. If you bought a home 30 years ago with no intention of it being an investment, simply a place to live, then chances are it only provided you shelter and a hedge against inflation. However, I argue that if you bought that home with the intention of extracting value and returns out of it, then you absolutely could have and likely did realize gains from it.

Darren Sager - this heat map you have created here really is an amazing tool for analyzing data, wow. Having that information so readily available at your fingertips is very valuable. Impressive

Abdul R. - thanks for the welcome! All the best to you as well in your investing!

Cassandra Faraci - I have 2 small children myself, one is almost 4 and my little guy literally just turned 1 on 8/2 -- so I know first hand how helpful it is having Grandma and Grandpa around! All the best with the new music school and your future investments!

Hi Cassie - thanks so much for reaching out! It's great to meet new people on here from nearby that share smiliar interests. You never know, perhaps we will work on a deal together someday!

I'm in Bergen County which isn't too far from where you're moving to and actually have a bunch of friends over in Morris, so if you have any questions about the area please don't hesitate to ask.

Hello Everyone - I'm new to the site so unfortunately I wasn't around for the first meeting, I'd love to participate in the next one though. Hopefully we can get something on the calendar!

Darren this graphic you provided me here is amazing! There is a ton of value added with this, what a great tool. Any chance you can send that to me directly so I can open it larger? Thank you again, very much appreciated.

?Hi Darren and James! Thanks for the warm welcome, guys!

Darren - that's great so you're obviously very familiar with the area! I'd say the 3 towns I've been focusing on have been Glen Rock, Ridgewood, and just recently I started to look into Wyckoff as well. Ho Ho Kus is an amazing town too (our pediatrician and some of our favorite restaraunts are there), I just haven't studied that market yet.

James - thanks for the suggestion on adding a picture. I will definitely be attaching one to my profile.

Hello All -

My name is Bill Sonzogni and I just wanted to take a quick moment to introduce myself and express how excited I am to be a part of this community. As a novice investor it's an incredible resource to have at my fingertips. As for my investment focus, my concentration is on flips within specific markets within Bergen County NJ. I look forward to learning from and hopefully speaking to many of you!