Masashi Borges-Silva

Investor

Manhattan, NYMember since 2018

About myself

My goal is to purchase my first rental investment property in Columbus, OH. I am looking for a turn-key 2-4 unit multi-family property under $150k and using my $70k towards the down payment and other fees related to closing costs (title transfer, attorney fee, insurance, points for rates, annual property tax, and minor repairs). Criteria: ROI ≥ 7%, monthly cash flow ≥ $100/door, target tenants = section 8 (Housing Choice Voucher holders). [My primary income] I am a mechanical project engineer, and I am working with NYCT to introduce brand-new subway cars to replace old fleets. New vehicles will start to roll around in the Summer of 2023! Due to the nature of my primary career, I cannot qualify as a professional investor as I cannot meet "more than half of total work hours in real estate." [Personality] I need to see data and facts for an explanation (no ad-lib) as I am an analyst (instead of an accommodator or assertive) type. So I am naturally skeptical, and when I receive first, I think it must be a trap (according to Three Negotiator Types*). [Real Estate Activities] I also host bi-weekly real estate networking events locally in Washington Heights (Manhattan, NY). (https://www.meetup.com/real-estate-investors-in-washington-heights/) [Website] I am building my website (http://www.investwithmasashi.com/) - Three negotiator types are found in Never Split the Difference: Negotiating As If Your Life Depended On It (https://www.goodreads.com/book/show/26156469-never-split-the-difference) or search "three negotiator types black swan" in pdf version

Interests

RentalsHouse HackingShort-Term RentalsCommercialOther StrategiesMedium-Term Rentals

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Active over 1 year ago

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