2 Units
6 Bed 2 Bath
Current Rent: $823
Expected Rent: $2,400
In June 2023, our clients purchased this property. Previous management was poor and was in the process of an eviction. On top of that, there was a hoarder living downstairs. We waited for the eviction to be complete prior to the sale. Since closing, we're working to get the tenant with a hoarding issue out of the property.
2 Units
4 Bed 2 Bath
Current Rent: $650
Expected Rent: $1,900
April 2023, we purchased this 2 unit as part of a package. The previous owner was burnt out and was ready to move on. We came in and purchased the property as-is and closed on his timeline.
3 Units
7 Bed 3 Bath
Current Rent: $3,100
Expected Rent: $3,650
April 2023, we purchased this 3 unit as part of a package. The previous owner was burnt out and was ready to move on. We came in and purchased the property as-is and closed on his timeline.
2 Units
4 Bed 2 Bath
In December of 2022, we partnered with another investor to purchase this property, which we continue to operate and manage. Since then, we've made some upgrades including, tearing down a garage and creating a parking lot, new flooring, and painting throughout.
2 Units
5 Beds 3 Baths
Current Rent: $2,500
We helped a long distance investor purchase this property. Although he wasn't in the area, we oversaw the renovations and worked to make sure the client was happy.
3 Units
7 Bed 3 Bath
Rent: $3,400
This on-market, turnkey triplex was purchased by clients of JL Advisory Group. Joe served as the Licensed Real Estate Salesperson and assisted them with the purchase. Joe walked them through the deal analysis and helped them every step of the way. This asset is in the process of being stabilized.
1 Unit
3 Beds 2 Baths
JL Advisory Group assisted first time home buyers in purchasing this property. Our clients couldn't be any happier that they are now building equity! They came to Joe, with a limited budget and a serious time constraint. Although using an FHA loan typically is a 45 day closing process, Joe and his team of lenders and attorneys were able to close this loan in just 20 days. This is unheard of but not impossible with the right team.
2 Units
6 Beds 2 Baths
Current Rent: $2,850
Expected Rent: $3,000 + Gas & Electric
This was an on-market turnkey student rental for long distance investors. Joe served as a Licensed Real Estate Salesperson and got his clients the home. JL Advisory Group stayed on as management. Rents are currently below our target, and the opportunity for growth is in raising rents and passing on utilities to tenants.
5 Units
15 Beds 5 Baths
Rent: $6,000
This home was purchased by clients of JL Advisory Group. We stayed on as an asset manager. Purchased from a neglecting landlord, there was expectations of lots of deferred maintenance. Tenants were extremely grateful to us for speedily repairing issues that arose. Since stabilizing the property, JL Advisory Group no longer manages this property.
2 units
3 Beds 2 Baths
Current Rent : $1,150
Expected Rent: $1,200 + Gas & Electric, Water & Sewer
This was an off-market purchase for clients of JL Advisory Group. It was purchased from the same owner as 2 Mill St and closed simultaneously.
5 Beds 4 Baths
JL Advisory Group advised their client on the Stony Brook University student housing market. Our client was down in South Carolina and really wanted to capitalize on the booming student population. This property has been performing really well and provides a strong source of income for our client.
2 Units
6 Beds 2 Baths
Current Rent : $1,000
Expected Rent: $3000 + Gas & Electric
JL Advisory Group formed a Joint Venture to purchase this property with a partner. Prior to purchasing the property, the upstairs unit was flagged by the Department of Health for lead paint. This along with many other issues, allowed for a value add opportunity. Since then, we sold our share of equity.
2 Units
5 Beds 2 Baths
Current Rent: $2600 + Gas & Electric
JL Advisory Group partnered with another investor and purchased this property, and continues to operate and manage the property. It needed mainly cosmetic work, new paint went very far here. Working with limited space in the bathroom, our team fully gutted the bathroom and reorganized the toilet, vanity and shower.
5 Beds 3 Baths
JL Advisory Group advised their client on the Stony Brook University student housing market. This student rental has been performing very well and continues to provide a stable source of income for our client's portfolio.
1 Unit
4 Beds 1.5 Baths
Current Rent : $1900 + Gas & Electric, Water & Sewer
JL Advisory Group partnered with another investor and purchased this property, and continue to operate and manage the property. This property was a nearly turnkey rental, needing just some light cosmetic work. Since being rented, it has offered stable and strong returns. We plan on renovating the 2 car garage out back and renting it as storage for an additional $200 per month.