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Updated over 4 years ago on . Most recent reply
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Brooklyn, NY Multi-family Investing
I have $1,000,000 cash and $1,000,000 in equity in the condo I own in Brooklyn. I'm eager to stake my claim in the Brooklyn rental market, specifically with multi-family properties (thinking less than 5 units), but I'm having an impossible time finding a property with numbers that make profitable sense.
Does anyone have real experience owning and operating multi-family rentals in Brooklyn and is willing to shed some light on the market and provide some pointers on how an inexperienced investor like myself doesn't find himself at a loss?
I've been seeking properties in Crown Heights, Bed-Stuy, and Bushwick.
Any real advise is greatly appreciated!
Thanks