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Updated about 3 years ago,

User Stats

19
Posts
9
Votes
Lucia Lilac
  • Rental Property Investor
9
Votes |
19
Posts

Buying Apartment Buildings

Lucia Lilac
  • Rental Property Investor
Posted

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! 

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