All Forum Posts by: David Xu

Hi @David Xu - Welcome to the community and thanks for the post. I’ve been looking at queens investing for some time both multifamily and mixed use. Happy to chat if I can be helpful.

I’ve been focused on Sunnyside and Woodside as other markets are skyrocketing (e.g. LIC, Astoria, Flushing, Jackson heights etc). Queens is definitely seeing a lot of momentum from a migration perspective and development is following. Whether it makes sense to invest depends on your hold period and risk appetite, would love to get a better sense of what you’re thinking. 

Did you know that you could invest passively in other people's deals in various markets around the country?  Why restrict yourself to New York?  I don't have faith that you would get good returns with what you're suggesting to be honest and when I hear conversations about emerging markets, Queens doesn't ever come up.  You could partner up with various syndicators, provide the capital and sit back and collect distributions, while other people do all the work!  Man if I had $600k that's what I would do... lol.  Food for thought.  Hope that helps!