Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Is this a good deal? and is Bronx NY up and coming?
Hey guys my name is Isuf Aruci, I saved a good amount of money and want to start investing into 2-4 families. I'm about to close on this 2 family property in Pelham parkway north Bronx, NY 3BR over 3 BR over 2 BR in above ground basement. Rent has gone up in the area I got the property for $ 670,000 with 20% down (134,00). I feel that I'm putting a lot as the down payment if I put a lower down payment I get stuck with the PMI. Can some one please help me out.