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9 November 2024 | 10 replies
Would your group be looking to take on any in-state investors that may make your properties more attractive to financing by local banks?
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9 November 2024 | 23 replies
My Partners and I have been buying Brooklyn small multi's (2 to 4 Unit buildings) since 1998.We currently own 9 of these buildings in various neighborhoods including Clinton Hill, Bed-Stuy, Windsor Terrace and Ditmas Park.Total Assets would be somewhere between $15 and $20 Million in the portfolio.Every since we bought the first property, which was in Ditmas Park for $340k in 1998, everyone told me it was crazy.I continue to hear how crazy I am to continue to buy every one or two years since 1998.That $340k Property in Ditmas Park is worth $2 Million today.
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13 November 2024 | 13 replies
These events are likely to attract cash buyers looking for their next deal.
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16 November 2024 | 32 replies
I'm also sure a million things get reported out of spite every day and mods are left looking at a legitimate post for no reason.The bigger any forum or group gets, the more spammers.
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7 November 2024 | 51 replies
Its way easier to take a couple million from a bank or credit union through a Line of Credit than it is to please 100 small time investors with $50k invested.
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9 November 2024 | 1 reply
The property’s location in Morganton, a growing market, and the opportunity to add an ADU made it an attractive investment.
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4 November 2024 | 1 reply
The city is projected to add over 1 million new residents by 2040, with a significant portion of this growth occurring in the next five years.
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7 November 2024 | 2 replies
decor and furnishings attractive to vacation renters.
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5 November 2024 | 6 replies
Below are estimates of the housing shortage by different institutions:The National Association of Home Builders (NAHB) estimates a shortage of 1.5 million units (2021 data).Freddie Mac’s estimate is a 3.8 million unit shortfall (Q2 2020 data).A report commissioned by the National Association of Realtors (NAR) (2021 - Rosen Consulting Group) suggests a 5.5 million unit housing shortage.No matter which data source you choose, there is a massive shortage.
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8 November 2024 | 3 replies
Currently the ARV is $1.5 million.