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Updated about 8 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Marcia Langley
  • Rental Property Investor
  • Kingston NY
1
Votes |
17
Posts

small multi fams in NJ/metro NYC s/t rental

Marcia Langley
  • Rental Property Investor
  • Kingston NY
Posted

Getting back into buying after a rather long hiatus since the crash... after burying about 300k cash into a small farm rehab project, now am operating with far fewer resources than before. Excited to buy 3fam or 4fams, may live in or may not, and rent out on s/t furn basis...and do some fix up...like to buy with at least seller paying close costs and small seller carry-back loan of 10k-30k...

Great to be part of this community! 

Goal: get monthly net income to 6k for retiring from f/t work. 

(one res rental now and one comm bring 575 clear/mo: 5,425/mo to go!)

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