Beginner Investor - South Bronx - Multifamily Buy/Hold

[Nazimcan S.]

Hi - 

Following some time of study and savings, I'm looking to make my first deal in South Bronx. My strategy is Buy&Hold Multifamily properties. My previous career was Graphic Designer, I would be happy to provide some marketing value in this area to any active investors and other RE professionals in the area who believe they can provide experience value related to my strategy.

Best and thank you

Naz

[Carl C.]

@Barbara G. The South Bronx is an area many people in the city see as the next great location for development and investment. The past 20 years, yes, it's been a tough area. But it has direct subway access to midtown Manhattan, very reasonable prices for type of housing available, and diversity not just of residents but also housing stock. There was recently an article in the NY Times about this. Not that long ago people would have said Williamsburg, Park Slope, and Bushwick were war zones. Now they are all highly desirable. There aren't a lot of options for areas with easy commutes. I think the South Bronx has a lot of potential for greatness despite its historic perceptions. Part of my opinion comes from working there several years ago for the city and seeing the beautiful buildings, easy commute, and also the changing demographics.