Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

We discussed various properties, I got the sense that whenever I started digging into the details of their numbers, he got uncomfortable, and was evasive, he also just didn’t know a lot of things.Then he emailed me that night that two properties just came on the market, and if I was interested, I would need to respond fast.

Trying to get a split level (not a lot of sqft) on the market in the next three weeks and trying to decide on whether to open the wall between the dining and living room for a feel of openness or leave it as I have heard from two interior designers that the open concept is on the way out as we are more at home and liking our separate areas in the home.Pragmatically speaking the opening of the wall will be mostly a time drain with it being a load bearing wall and having to support the ceiling while rebuilding and all the drywalling necessary.

Why ask: A mentor who is actively involved in the market is more likely to offer relevant, real-time insights, strategies, and lessons learned.

I have been investing in the stock market for 5 years and I am now transitioning over to real estate after doing my research on real estate for the past two years. 

-Interest rate of 5% is much lower than market interest rates. 7-8%+-There are no capex reserve considerations included. 5% is a starting point.

If you are doing unpermitted work, it’s either too small a project or you probably don’t want to spend the money.So the market for such inspectors is probably small. 

This will make it a lot easier to manage, will cost you less than buying on the market and typically you can get 1:1 rent returns.

I help investors find opportunities in the NYC market, specializing in residential and commercial properties.

I didn't follow the impacts on the housing market though.Great website.