Controversial Real Estate HACKS: Queens, Long Island & Brooklyn

Innovative Strategies
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Controversial Real Estate HACKS: Queens, Long Island & Brooklyn

Abel CurielBusiness Member
Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes

Dear "Real-Estate Hacker Enthusiasts",

I know your time is valuable, so I will get right to point!  

I need your advice.

I am putting the finishing touches on a new book.

"How To Win In Real-Estate As A Millenial"

Bottom line:  We want to have your questions answered in our book...

So... In exchange for sharing some of your most important questions below...

Our expert team will not only provide you with a FREE copy of the book,

We will also be inviting the first 20 people that respond to a COMPLIMENTARY Lunch in the New York area.

List questions below...

REbuild Team - eXp Realty5234 Reviews
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Juan Barreneche
Real Estate Agent · NYC & FL · Member since 2014 · 69 posts · 29 votes
8y

What's the best way to get a deal in a low inventory market ?

4Reply
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  • Juan Barreneche
    Real Estate Agent · NYC & FL · Member since 2014 · 69 posts · 29 votes
    8y

    What's the best way to get a deal in a low inventory market ?

    4Reply
  • Cornel Smith
    Real Estate Agent · Queens Village, NY · Member since 2017 · 91 posts · 57 votes
    8y

    Is it possible to house hack in queens and have the rental income fully cover your mortgages,  premium mortgage insurance and other property expenses?

    4Reply
  • Josane Cumandala
    Appraiser · Brooklyn, NY · Member since 2018 · 106 posts · 118 votes
    8y
    When would be the most advisable time in your investment career to create an LLC? What are the pros/cons?
    2Reply
  • Michael R.
    Jamaica, NY · Member since 2018 · 6 posts · 3 votes
    8y

    How do you gain the confidence to purchase and maintain a property out of state?

    1Reply
  • Ryan Heywood
    St. Helena, CA · Member since 2016 · 147 posts · 59 votes
    8y
    How can you get creative to cash flow in expensive markets? How can you use tech and services to enhance efficiency when self managing?
    2Reply
  • Casida CainesPro Member
    Investor · Queens, NY · Member since 2017 · 32 posts · 9 votes
    8y

    For home equity gained through market appreciation, what underlying criteria's should be examined to determine whether a HELOC or a cash-out refinance is the most practical option when aiming to scale your portfolio?

    2Reply
  • Abel CurielBusiness Member
    OP
    Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
    8y

    Thanks for your input @Juan Barreneche @Cornel Smith @Josane Cumandala @Michael R. @Ryan Heywood @Casida Caines!

    Keep it coming BP community!

    REbuild Team - eXp Realty5234 Reviews
    WebsiteView Page
    1Reply
  • Donald Jeune
    Brooklyn, NY · Member since 2016 · 49 posts · 12 votes
    8y

    Is it good to target 2 (or more) markets at once when starting out? When is the right time to tap into another market if you've already acquired properties in one market already? 

    2Reply
  • Pierre A.
    Investor · NYC · Member since 2016 · 51 posts · 45 votes
    8y

    How would you go about structuring a private money deal with a partner such as your family or friends using an LLC? Do they receive an annualized return or do you split the cash flow with them?

    1Reply
  • Victor Zhu
    Staten Island, NY · Member since 2018 · 2 posts · 1 vote
    8y

    1) After how many properties should you set up an LLC structure to hold each property?

    2) How long should you wait to do an appraisal for either a cash-out refi or HELOC?

    3) Reading several posts on BP, the consensus is that NYC property is not best for cash flow but rather a play for appreciation. With this in mind, a common strategy would be to use the BRRRR method. Are there other worthwhile strategies for REI in the NYC Market?

    4) Should you get a real estate license to gain access to the MSL database or would it be better to work with a dedicated buyers agent?

    5) What are some methods to find off market properties for REI who are trying to avoid paying retail price?

    1Reply
  • Nancy Bachety
    Rental Property Investor · North Fork, NY · Member since 2016 · 1k+ posts · 631 votes
    8y

    1) What's the best way to keep track of my income and expenses SO THAT I can invest in RE? (There's no shortage of apps.)

    2) What the best way to keep track of income and expenses for each rental property? What records do I need to keep and where should I keep them to make life easier?

    3) Should I pay a guru to teach me OR should I read your book then get started on my own?

    1Reply
  • Andrew C.
    Investor · Forest Hills, NY · Member since 2014 · 101 posts · 52 votes
    8y

    1) How do you find a mentor or potential partners to do deals in areas with a higher barrier of entry like NYC?

    2) How to do find trustworthy real estate agents/property managers/contractors?

    3) Rather than traditional long term rentals, would a short term rental yield more in and around NYC?

    4) Other than traditional financing, what are alternative methods to coming up with money to invest in real estate?

    5) What are passive ways to invest in real estate and how profitable are they: REITs/crowdfunding/syndication/notes/private lending, etc?

    1Reply
  • Ali L.
    Investor · Brooklyn, NY · Member since 2016 · 121 posts · 31 votes
    8y

    How to cash flow in markets with high holding costs like NJ? 

    How to fast track basement and attic legalization in NYC?

    1Reply
  • Odie Ayaga
    Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
    8y

    1) Who is real estate WRONG for?

    2) What is the biggest misconception about real estate?

    2Reply
  • Nick Rudolph
    Long Beach, CA · Member since 2016 · 11 posts · 5 votes
    8y
    There are different market cycles all over the US, how can I find an up and coming market? How do I determine if it is already saturated and should move on? How do I evaluate a market and market trends?
    1Reply
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