All Forum Posts by: Will Shaker

@Jon W. I'm going to move out of NYC by Q3 and live in a multifamily (probably in Bronxville NY or Norwalk CT) 

I’m looking for suggested locations to purchase my first multi family property about 60 minutes from Manhattan (train or drive). My goal is to get experience as an owner-occupant under my belt while keeping my day job…and a tenant helps pay off the mortgage. I intend to buy a duplex or triplex by Q4 2022 priced around 700K. 

Currently exploring B or C class neighborhoods in southern CT, northeast NJ, and parts of Westchester county.

Feel free to DM. Happy to explain my situation in better detail and hear about your own REI journey over the phone.

Be safe and happy holidays! 

@Jason Lee I figured it would be too good to be true. Also exploring southern CT (Fairfield County) and class B areas north of Manhattan (Bronxville, Tarrytown, Hastings on Hudson, White Plains). Where would you look, assuming I have ~50K liquid for the investment? Would love to talk offline if youre willing.

I'm in the research/networking phase before pulling the trigger on a multifamily property in or around NYC (goal is to close by Q4 of 2022). My plan is to to get experience as a house-hacking landlord as I save to build a multifamily/BRRRR portfolio. I do not intend to invest solely in NYC, but it would be convenient as I continue my day job in Manhattan. Any advice, info, or anecdotes are appreciated.

-Can one find a solid duplex or triplex with ~$50K down in Brooklyn (Cobble Hill, Carroll Gardens, DUMBO, Brooklyn Heights area)?

-What are the most important indicators for a good deal in a Class B area of Brooklyn? What are the red flags?

 -My goal is to house hack the first property in order to save more cash for a second property. Is NYC a realistic market for a newbie?

-Is house-hacking and offering the vacant units on Airbnb worthwhile in NYC?

Stay safe everyone.