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JIMROJEKREALESTATE.COM
JIMROJEK@VERIZON.NET
SIUTA REALTORS and PROPERTY SURVEYORS
716-433-9238 or 471-9381
SIUTA REALTORS INC
Your full service Commercial/Residential REAL ESTATE and PROPERTY DEVELOPMENT COMPANY
JC Property Management Company
Full Service Real Estate Property Management and Maintenance.
We do it all with flair and integrity....
Call Jim at 716-433-9238 or e-mail jimrojek@remax.net
LICENSED NEW YORK STATE REAL ESTATE AGENT
SPECIALIZING IN MULTI-FAMILY INVESTMENT PROPERTY IN WESTERN NEW YORK STATE...
BACHELOR'S AND MASTER'S DEGREE IN MINISTRY AND PSYCHOLOGY.
30 YEARS EXPERIENCE MANAGING, BUYING AND SELLING APARTMENT HOUSES
WWW.JIMROJEKREALESTATE.COM
2 Magnificent Brick 4 unit apartment houses in the Englewood Section of the Town of Tonawanda, New York. Apartments totally remodeled, nice yard, ample parking, lovely area.
Gross Income is 22,800 and 27,600 per year respectively. Low expenses with separate utilities. Can be purchased as a package or separately...179k for each. Excellent shape. Great tenants. Must see to believe--close to the University.
Contact Jim Rojek at 716-433-9238 or jimrojek@verizon.net.
18 unit brick apartment house for sale on 6367 Robinson Rd in Lockport, NY 14094. Excellent condition, low vacancy rate, ample parking, coin-operated laundry on 2 acres. Must see to believe...Call Jim Rojek for financials at 716-433-9238 or jimrojek@remax.net. 679k-650k negotiable.
53 unit apartment house--4 buildings, all brick, excellent condition, 8 coin-operated laundry machines, ample parking, management available. Great long-term investment--excelllent money maker. Call Jim Rojek at 716-433-9238 for financials or jimrojek@remax.net
4.240 million 156 Robert Drive in North Tonawanda, NY 14120
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This week--New series of articles on Real Estate Investments for the new and old investor.
The 20/10 rule of investing--can you follow it? jimrojek@remax.net
1. When searching for investment properties, especially multifamily, the 20/10 rule states that if a property sells for 1 million dollars, the gross annual income should be 200,000 dollars or 20% which is the 20 of the 20/10 rule.
The net of the property should be 100,000 dollars or 10% which is the 10 of the 20/10 rule. Easy as pie right! Still, an old developer told me this is the golden rule of real estate investing. My father Anthony followed that rule to much success in life..
2. When you find a property that fits into the 20/10 paradigm, make sure that the property is in good shape so that all your profit will not be soaked up in constant repairs. Having a proactive Property Manager, like myself, implement preventive maintenance programs will save you much stress and money in the future...
3. Buying wisely within the 20/10 paradigm--meaning 20% of gross annual income of what you pay for the property; and a 10% net operating income gives you a cap rate of 10 and a sound springboard to financial success.4. Preventive maintenance and sound property management insure you're property will increase in value for years to come. Contact JC Property Management. 716-433-9238..
4. Real Estate Bubble and then Bust...Not in Buffalo or Niagara County New York--Why? We never had a bubble therefore there was no bust. Real Estate property values increase by 4% consistently every year in Western New York State. In fact the Buffalo Niagara Region broke the 2006 record for most homes sold by 13%. Fantastic for Canadian, European or Mexican investors.
5. If you want great service choose a high quality company like REMAX North--if you want an ethical, fair-minded and service-oriented agent who will put your needs first: call Jim Rojek at 716-433-9238 or jimrojek@remax.net.
6.Good luck and God Bless America.
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