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Updated almost 5 years ago on . Most recent reply

Jorge Rivera's profile image
Jorge Rivera's profile image
Jorge Rivera
  • Rental Property Investor
  • from Long Island and New Jersey
  • Member since Feb 13, 2020
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Jorge Rivera's profile image
Jorge Rivera's profile image
Jorge Rivera
  • Rental Property Investor
  • from Long Island and New Jersey
  • Member since Feb 13, 2020
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Jorge Rivera
  • Rental Property Investor
  • Long Island and New Jersey
2
Votes |
34
Posts
BRRRR - Buy, Rehab, Rent, Refinance, Repeat

SFH homes dropping in Long Island NY?

Jorge Rivera
  • Rental Property Investor
  • Long Island and New Jersey
Posted

Hey BP!

Hope you all are safe. How low, in your opinion, will SFH in Long Island NY drop (average %) these coming months?

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Craig Schneider's profile image
Craig Schneider's profile image
Craig Schneider
  • from Nassau County, New York
  • Member since Jun 25, 2011
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Craig Schneider's profile image
Craig Schneider's profile image
Craig Schneider
  • from Nassau County, New York
  • Member since Jun 25, 2011
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Craig Schneider
  • Nassau County, NY
14
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52
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Craig Schneider
  • Nassau County, NY
Replied

When you run your long term numbers make sure vacancy/bad tenant cost is higher since evictions are getting harder by the month.  Courts are backed up and the Sherriff typical only does 2 evictions a day.

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