All Forum Posts by: Assaf Kehati

Thanks so much for your time. I really appreciate it!

Thanks so much Linval.

If you have more thoughts about NY I would love to hear those. I'm sure that there are people that do invest in Brooklyn. So How do they do it??

Thanks @JD Martin

So how can I move from being a renter to being a house owner in my area?

I think it is recommended to start real estate in your own area first.

Should I ignore the cash flow aspect and consider an investment? That means, loosing money every month but at the end I still own the property vs. rent money that would be just vanished at the end?

I'm thinking to buy an apartment instead of renting one in Brooklyn. One direction was to hack housing, which is to buy a 2 family house and live in one of the units and rent the other unit. But, it's really hard for me to see how the numbers work out. 

Let's say for a one bedroom apartment in Brooklyn you pay around $1200-$1500 (around Prospect Park area). Then, if you buy an apartment (not even talking about the 2 family house) it will cost you $250-$300K. Only for mortgage you will pay around $1000 a month, on top of that you will pay insurance, taxes, repairs, utilities, and attorney fees, etc. Maybe I don't see how the numbers work, but something doesn't make sense. 

I'm trying to look for an option with positive cash flow but it looks like it's better to rent then do buy. Still, I do want to get into the market of buying a property, and buy one every year, but it looks not possible numbers wise. 

Anything I am missing in my calculations? Would love to hear your thoughts! 

Thank you!

Thanks! @David Dachtera

That's exactly why I had this idea "house-hacking"...I heard it in one of BP podcasts!

But still, I'm trying to get some opinions from people's experience how to do it and also how is the market in Brooklyn. Any help and tips would be great!

@Ingrid J. @Mark Holencik @Trexie E.

Hi everyone and thanks a lot for writing!

I will definitely read the books you recommended. So far what I did is watched about 5-6 podcast of BP on Youtube and made some notes.

Because I don't own any apartment I was thinking to buy a two apartment house and live in one of the apartments and rent the other. Any thoughts about that? Any thoughts specific about the situation (and tips) in Brooklyn?

Happy New Year!

Hi everyone,

One of my main goals for 2016 is to buy an investment property. I'm totally new to real estate and started reading some materials and watch some videos. I currently rent an apartment and never bought one. Any opinions to where and how should I start? How is Brooklyn to start with?

Thanks and Happy New Year!