Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago,
Buying Apartment Buildings
Hello BP! I am looking for some advice and guidance, hopefully someone can help me. I currently live in Queens, NY and will be moving upstate to Rochester, NY early next year. My husband and I own 3 two family homes in Rochester and we love the area and the market is much more affordable than Queens. Our co-op is paid in full, I did some research and spoke to my agent and she said we can get a minimum of $250,000 for it. My question is what would you do with $250,000? I have enough money saved as well to purchase a home to house hack with my husband as soon as we move there. I have been doing a lot of research on purchasing apartment buildings and I am thinking of going that direction, possibly BRRRRing it. What do you guys think, what would you do? I am open to other areas such as Buffalo and Syracuse as well. Any advice is appreciated!