All Forum Posts by: Vik Kuang

Investment Info:

Single-family residence buy & hold investment in Kent.

Purchase price: $424,000
Cash invested: $150,000

Single-family residence buy & hold investment in Kent.

Hi Johnery, did you actually get that property since the post is 3 years ago?  I've been looking around in NYC and those rent-stabilized properties seem pretty attractive, but my realtor friend is telling me that they're not worthy of investment due to the headache with tenants and the renewal process.  Would love to hear from someone with experience, or if any direction on where to look for more info.  

Thank you!

Hi Jennifer!  Newbie here in NY, still learning about investing tho.  Investing in NY requires a very strong financial position, and the numbers doesn't look right with buy and hold a lot of times.  Seems like everyone are just looking forward to equity from appreciations, do you recommend any area with positive cash flow?

Can newbie come and learn?