Real estate takes a long, long time to unwind.

This is part of the reason that we (our clients) have few properties well south of HWY 160.Infrastructure will be a long term issue.

Hello,We are first-time buyers looking into STR investment in Long Island.

The good news...it doesn't seem you have actually purchased real estate in these entities yet.

I would imagine that it's hard to entice private lenders without offering a really high interest rate given what people can get as much as 4-6% in some CDs these days where not long ago it as more like 1%. 

Without knowing the cost of interest on the line of credits, it is hard to say whether this is a good or bad option.

Not to be rude, but it's my experience, that if people dont absolutely love building they won't be good tradesmen.If its learning flipping as a whole, I'd start with J.

Sure its possible, just not likely.Additionally, just because they have other offers, doesnt mean those offers are actually good offers. 

There is a more long term order they can get.   

All of those markets have been good to me as well.