SA918 | Purchase Income-Producing Rental Properties for Short-Term Hold with Joe Finneran

Today, Joe Finneran joins us to show what it’s like to thrive in real estate without a fixed strategy. He shares his sustained growth in the business by buying, holding, and selling rental properties, his straightforward yet effective way of communicating with tenants, and the things he’s now focusing on to make more money from property investing.So, if you think of investing in the New York market, listening to this episode could help you begin your journey!Key Points & Relevant TopicsJoe’s entry to real estate investing in New York and his comparison of the property prices after the market crash in 2008 vs. the market todayThe impact of COVID-19 on the NY housing market What made Joe decide to hold properties for long-term cash flow after buying and selling without a strategyThe importance of evaluating tenants and setting expectations when you’re self-managing propertiesWhen to buy and hold and when to buy and sell propertiesInvesting in multiple single-family rentals in one market vs. multifamily apartment buildingsWhat is a cap rate and why learning it is importantThe difference between a true real estate investor and a homebuilderResources & LinksRich Dad Poor Dad by Robert T. KiyosakiApartment Syndication Due Diligence Checklist for Passive InvestorAbout Joe FinneranJoseph Finneran is an experienced and active real estate investor located in Orange County New York. His main focus has been investing in towns that are up and coming due to their proximity within the Big Apple. When covid first hit people thought real estate would collapse along with the economy. Joe believed in continuing to buy and was one of the first ones that analyzed and captured this great opportunity to continue to invest in the outskirts of NYC during Covid due to the migration of people leaving NYC to the suburbs due to covid 19. His focus is 50 percent buy and hold and 50 percent flipping. For Joe, every property is different, and believes in looking at real estate for what its "highest and best use is" while also keeping in mind "how much time something takes". Joe has been in the industry for over 11 years and has been involved in over 100 real estate transactions to date.  Get in Touch with JoeWebsite: https://www.stressfreehomebuyers.house/ Instagram: @thecasainvestorTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!