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Updated over 7 years ago,
Buying an apartment building in Brooklyn, New York
Hi,
My name is Phil and I am new to real estate investing in the US, although I own property in Bermuda where I live. My adult daugthers' live in Brooklyn, NY where they rent an apartment and I'm investigating whether it makes sense to buy an apartment building, as an investment, in which they rent a unit rather than pay rent to someone else. I have listened to Brandon's Beginners Guide to Real Estate Investing which i found extremely helpful, but have been unable to find a site on the internet that lists apartment buildings for sale. I could contact a local real estate agent, but would first like to understand the various types/ sizes of aparment buildings on the market, their costs, locations, financing options, etc. I would very much appreciate any information one could offer.
Many thanks,
Phil