#INVESTTHIS EP 55: The Promises and Pitfalls of New York Real Estate Investing

#Investthis iTunes Cover - multifamily investing

As Frank Sinatra mused “If you can make it here, you can make it anywhere” holds true for New York real estate investing. It’s a different animal, and my guest, Joe Cordes provides a generous amount of advice on how to navigate this irregular market.

Joe Cordes is the owner of Comax Properties, a local real estate solutions company. Joe has been interested in real estate since his college days. Even during his career as a police officer, and later as a sales manager, he invested as side-hustle.

On today’s episode, Joe provides an in-depth look at the New York market and how to find your competitive edge. He discusses the pitfalls of investing in an attorney state, as well as dealing with permits, which could be a full-time job. Also, Joe advises on wholesaling and the problems with multifamily investing. Because he knows the market so well, he has a unique take on where it is going in the next five years.

Tip of the Day:

More Useful Information on Investing in Tough Markets

#INVESTTHIS Episode 38: How to Successfully Invest in a Tough Real Estate Market

Start In Wholesaling:

Want to start in wholesaling? I got my first deal going using Real Estate World Wide. TRY IT YOURSELF!

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by Jim B on Invest This
New York Real Estate Investing

I am an old friend of Joes it is great to see that he still has the same determination and passion in all that he does as when I first met him over thirty years ago. It’s inspiring listening to him. Congratulations Joe on your accomplishments and all your future endeavors.

About the author, Scott

Scott is an energetic and health conscious Real Estate Entrepreneur. A transplant from the state of Iowa, he has excelled in business from his very first venture. Entrepreneurship has come naturally for Scott, as he started his first company at the age of 17. He studied at the University of Iowa with degrees in Business Communication and Entrepreneurial Management, also studying Health Promotion with an emphasis in Nutrition before moving to Arizona to dominate in his Real Estate career.

Starting off in residential retail Real Estate sales with Keller Williams Realty and closing $2.2M in volume his first 12 months, he quickly realized being a realtor was not for him. Since then, he has moved into the investment space flipping over 150 residential transactions and building a portfolio of rental properties with over $20,000,000 in closed volume to date. He is also the host of the #INVESTTHIS Podcast, interviewing only the elite of Real Estate Investors for his listeners. Now with his knowledge and experience, he is moving into larger investment opportunities in multi-family and commercial Real Estate, focusing on building strong relationships with his investors, providing solid returns, and building wealth for his family.

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