About David DeRosa
David DeRosa is an experienced real estate professional currently working in the greater New York City Metropolitan area in New York State. He has over two decades of experience in the real estate industry, managing investments and collecting an impressive portfolio of properties.
Since 2005, David DeRosa has been operating as a Managing Partner at IPA Asset Management, LLC. The team at IPA focuses on distressed properties. Since its inception, IPA has purchased or invested in over 5,500 properties. Their work has been instrumental in revitalizing dilapidated properties and providing new and updated housing for residents across the state.
When homes are foreclosed on or abandoned, far too often, they are left to degrade due to neglect. This can lead to a multitude of problems ranging from overgrown yards to serious structural issues and water damage. David DeRosa is passionate about his work, taking properties in these kinds of scenarios and turning them into usable spaces again. With the team at IPA Asset Management, David works to raise the value of these properties and either resell them or rent them out to local residents.
IPA Asset Management has become a dominant force in the distressed properties market. They have developed a unique methodology that helps them make the best investment possible. With their combined knowledge and experience, David DeRosa and his colleagues are deeply familiar with the real estate market in New York State. They are skilled at evaluating the value of a property and deciding if it is worth the effort and investment. With a full in-house legal staff, they are equipped to handle all phases of litigation, working out everything from liens to foreclosures.
In addition to IPA Asset Management’s in-house staff, David DeRosa and the rest of the management team have built an impressive network of other professionals in the industry who help support them through financing. This includes Nationstar Mortgage Servicing, PennyMac Loan Services, Long Island Investments, and more. Currently, IPA Asset Management has over $260 million in assets under management, and they hope to expand into other markets moving forward. IPA Asset Management has become a well-oiled machine, prepared to jump on every new property lead and quickly decide if it is worth the time and investment.
Another unique aspect of IPA Asset Management is location properties. Not only do they sell and rent residential properties, but David DeRosa and the rest of the company have several properties that they offer up as filming locations for movies, documentaries, and other similar uses. This includes everything from large, luxurious properties to office spaces and abandoned buildings.
Prior to helping establish IPA Asset Management, David DeRosa was a partner at Island Properties and Equities, LLC. He is passionate about the real estate industry and is incredibly knowledgeable about navigating negotiations, real estate law, and more. Working with foreclosures and distressed properties offers unique challenges, but David is never afraid to take them on when a good investment opportunity is presented. He is a hard worker and dedicated professional who is proud of the company he has helped build over the years.
