All Forum Posts by: Christian Orellana

Hi Everyone,

I currently have a single family in NYC which i had planned to sell to buy a multifamily in NYC. With all the rent laws in NYC i have been considering taking the money and buying single family homes in Florida. My family currently owns 3 houses in the Southchase area. Based on your experience in the Florida market, do you think this is a smart move?

Thanks in advance. 

This is extremely helpful.

If you know Prospect Heights, the property is 2 blocks away from the Barclays and half a block from Vanderbilt where all the bars and restaurants are. 

I spoke with a Agent the other day and he said 1.25M. I knew that was extremely low. Now with the Gov's new housing proposal, it might be more appealing to an investor to offer me 2M. 

Hi,

Wondering if anyone here knows what the price on a 25 x 100 lot in Prospect Heights, Brooklyn Ny would go for?

Interested in what square footage is going for these days in the area.

Thanks in advance

Hi,

Wondering if anyone here knows what the price on a 25 x 100 lot in Prospect Heights, Brooklyn Ny would go for?

Interested in what square footage is going for these days in the area.

Thanks in advance

@Michael Dumler my parents bought back in the 90s. Now just I’m trying to continue their Real Estate portfolio

@Michael Dumler Thanks for the response. Yea the idea is to continue to build a portfolio. To be honest i find it difficult to find properties that can help increase my cash flow.

Hey Everyone,

I am pretty new to investing and would love to pick your brains. I currently have a 16unit that's paid off, and family operated with good cashflow. My question is, should I pull out some equity and use it as a down payment in another property? or do investors pull cash out and pay if off completely? I was thinking of pulling out between 200-300k. Looking to purchase another multifamily between $1-1.5MM.  Thanks in advance!

@Taylor L. Thanks someone already reached out and they are gonna give me a close estimate to the value of my property.

So i have a 16 unit multifamily in Brooklyn. its a prime neighborhood

and the only negative aspect is that majority of the apartments are Rent

Stabilized. My questions is whats a good cap rate and how high can i

ask for in the event i decide to to sell this property. Just to give you

an idea. I had someone tell me the most i can ask for is 2.5M. I feel

thats a lowball number.

Income: $194k
Expense: $75k
NOI: $118k

Thanks in advance.

So i have a 16 unit multifamily in Brooklyn. its a prime neighborhood and the only negative aspect is that majority of the apartments are Rent Stabilized. My questions is whats a good cap rate and how high can i ask for in the event i decide to to sell this property. Just to give you an idea. I had someone tell me the most i can ask for is 2.5M. I feel thats a lowball number.

Income: $194k
Expense: $75k
NOI: $118k

Thanks in advance.