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Updated over 6 years ago,

User Stats

37
Posts
28
Votes
Kevin Rhoden
  • Real Estate Agent
  • Yonkers, NY
28
Votes |
37
Posts

Hey everyone, please help!

Kevin Rhoden
  • Real Estate Agent
  • Yonkers, NY
Posted
Hello everyone, I recently bought a one bedroom co-op in Yonkers New York for a 109k with 825 sq ft. When I purchased it there was a very elderly couple living here so the appliances and the overall style and setup were very old fashioned. I replaced all of the appliances with brand new stainless steel Samsung stove, refrigerator, dishwasher and mounted microwave. I was also thinking about either redoing the kitchen countertops or the bathroom reason being because I start investing into MFH or multi unit buildings and I was hoping to take the equity out after I do all of this stuff so I can have the money to do it. I’m looking for feedback on whether this is a good idea or not, or if someone has a better idea? Oh and if someone can explain to me what note investing is? And what is the BRRRR strategy?

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