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Updated over 9 years ago,
New Investor from Staten Island, NY
Hello all,
Joined BP a few weeks ago & found a lot of good info here. Bought a 2nd prop--duplex of which I'm renting out 1 unit while living in the other. Also, own a SF that is rented out as well. I'm interested in owning commercial rental props--be it in NY/PA/MD.
Should I buy & wholesale what I find as low-priced SFs & MFs that could possibly use some cosmetic work or rent them out for a yr speculating that housing prices will increase in order to gather up a down payment for a commercial prop?
[b]Other ideas for acquiring commercial property are MUCH APPRECIATED.
Regards,
Paul