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

How Did They Do It? Real Estate

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 Topics

• Joe’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 today
• The 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 strategy
• The importance of evaluating tenants and setting expectations when you’re self-managing properties
• When to buy and hold and when to buy and sell properties
• Investing in multiple single-family rentals in one market vs. multifamily apartment buildings
• What is a cap rate and why learning it is important
• The difference between a true real estate investor and a homebuilder

Resources & Links

• Rich Dad Poor Dad by Robert T. Kiyosaki
• Apartment Syndication Due Diligence Checklist for Passive Investor

About Joe Finneran

Joseph 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 Joe

• Website: https://www.stressfreehomebuyers.house/
• Instagram: @thecasainvestor

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