New York City Investment

[Ken Yeung]

For those of whom are investing in New York City, would you consider multi family home in the Bronx? Is there any agent/broker you can recommend in the Bronx?

[Nicole (Dunlap) Pendergrass]

@Melida Maldonado-Perez

I bought a 3 family in the Bronx with 3.5% and I "cashflow", granted I bought in 2015 and now have about $150-$200k in equity. I'm trying to tap it to use for future investments but my DTI is too high at the moment. Cashflow is quoted bc I had nonpaying tenants which made me using credit cards for living expenses so all my cash could go toward the mortgage... ugh! (But if they had been paying, I wouldve cashflowed even without paying anything for the unit Im living in - new tenants and doing great so far!)