All Forum Posts by: Rick Grimes

Excellent!!! I'm there!!!! If you can send me the link, it would be appreciated.  Your first invite got lost in the read folders.

Hello all! I've been hoping that someone has a reasonable solution to this problem. The more properties, the more potential problems. Although appreciation is great, it's speculative so I prefer to focus on generating a lot of cash flow. My criteria deals with small multifamily properties (2 to 4 units) and have been wondering what would be the best strategy to maximize cash flow in each property so one can minimize the amount of properties needed to purchase?

I was just wondering for those who buy and hold, if you have any out of the box or basic but over looked strategies to achieve this?

Thanks Matthew.  I commend you for becoming a CPA. A very important role in real estate.  Have you seen any good deals in your borough? I've been wondering if Queens is a good place to invest in small multifamily properties. Living in Manhattan is not the place for someone starting out, to invest in due to overpricing. 

-Rick

Hello everyone! First and foremost I'd like to say that I am honored to become a member of Bigger Pockets. I feel like I've learned so much more than I knew before by listening to the podcasts alone.

Cut to the chase.  I Live in Manhattan and am looking to invest in a small multifamily property no more than about a two hour drive from the city. Does anyone know some good neighborhoods in New York or New Jersey that produce decent cash flow for buy and hold properties and have a price point no more than $100,000? (less than $70,000 is most preferable). I reviewed a few places in Brooklyn but the properties seemed to only favor appreciation and not cash flow. I'd greatly appreciate your feedback.