All Forum Posts by: Nick B.

update -

still renting in NYC. bought an investment property in upstate NY and just finished rehab. planning to do AIrBNB. still interested in multi-families, but seems to me its difficult to cash flow positive with a decent ROI on this coast.

Hey everyone. Looking to start investing (BRRR) in multi-families within driving distance from NYC (3hrs). Does anyone have any experience or knowledge of what areas nearby can offer cash flow positive returns?

Thanks Michael. Curious what strategies others would do in this situation. Look at the suburbs surrounding NYC (if so, where?) , nearby cities ? (I.e. Philly)

Hey guys. I'm new to bigger pockets and to real estate. I currently rent a 2 bedroom in manhattan for me and my family but am looking to buy a place. Everything we like ends up being between 2.5 and 3M for a 2 bedroom apartment (gotta love Manhattan) and I'm wondering if it would be better to just continue renting and invest outside of the city. Currently we are paying $6500 +/month in rent and have about $300k saved up for investing purposes. I would really appreciate any input you all may have regarding strategy and how you would proceed. Thanks very much in advance! Nick

Hey guys. I'm new to bigger pockets and to real estate. I currently rent a 2 bedroom in manhattan for me and my family but am looking to buy a place. Everything we like ends up being between 2.5 and 3M for a 2 bedroom apartment (gotta love Manhattan) and I'm wondering if it would be better to just continue renting and invest outside of the city. Currently we are paying $6500 +/month in rent and have about $300k saved up for investing purposes. I would really appreciate any input you all may have regarding strategy and how you would proceed. Thanks very much in advance! Nick