We have a very severe affordable housing issue here!

The trade off is the building must remain affordable housing for 30 years.  

Higher mortgage rates in January 2025 compared to January 2024 may impact buyer demand and affordability.❓ Question: How do you think the current mortgage rates and market trends will influence buyer behavior in the coming months?

I made the mistake of letting someone get in one of my first units that was a bit off the 3 times, they were great tenants very kind and enjoyed their stay and experience with me, but could not afford it when I increased the rent on them, which is something you will have to do because of rising insurance/tax costs.5.)

People who can afford a property like that will buy a home themselves instead of renting(majority of the time).

I plan to make 6 affordable residential units and 1 commercial unit in the existing building.

That means they are affordable for owners and investors alike and may have some appeal for growth. 

Here are a few innovative strategies that have been game-changers for my portfolio:- Co-Living Spaces: With affordability concerns rising, co-living setups are attracting young professionals and students.

Hi Sean from Long Island, New York-You are 18 and wonder if you should buy a duplex on Long Island which is an expensive area and likely would negative cashflow for you if you lived in one side--at least at first.You currently are still living at home and wonder if you should leverage your low cost of living to invest in a more affordable market.Obviously, the choice is a personal one, but if you could continue to keep your cost of living low living at home you could buy a cash flowing property in several markets in Michigan or similar areas and the equity would build up quickly.Then, you could use the equity to buy the next rental until you were ready to buy a house on Long Island or your priorities may change and you may decide to live somewhere else or work or school takes you other places.To Your Success!

I knew that the property would be easy to sell to another investor or owner occupant, as it was affordable and a 3BR/2BA of 1,650SF so it checks the boxes for many prospective buyers.