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Updated about 5 years ago on . Most recent reply

Jimmy Borbon's profile image
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Jimmy Borbon
  • Member since Jan 14, 2020
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Jimmy Borbon's profile image
Jimmy Borbon's profile image
Jimmy Borbon
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Jimmy Borbon
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Buying & Selling Real Estate

Starting off with property

Jimmy Borbon
Posted

My parents have a multifamily in Corona NY. Nine family walk up. I think it's worth about 1.5 mil. Mortgage is paid off. They've been sitting on it for decades just collecting rent, mostly just collecting rent and investing in agriculture in the Domincan Republic. 

Recently we've talked about finding ways to use that to leverage into other properties. Maybe incorporating the property to do so... 


Looking for suggestions on how to go about this.... 

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