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18 February 2025 | 8 replies
Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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20 February 2025 | 6 replies
See my video on this for more info.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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18 February 2025 | 12 replies
I’d strongly recommend networking.
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21 February 2025 | 9 replies
If you're open to looking at some resources here's what I would recommend you start with based on what you've said:1.
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19 February 2025 | 5 replies
All the best to you during your last semester.Househacking is one of the most common routes for new investors in NY.For best returns, I'd recommend focusing on South and Southeast Queens, Central and Southeast Brooklyn, and the Bronx.There are parts of the suburbs (Westchester and Long Island) that have househack opportunities but the property taxes are higher and the commute time to NYC is longer.Abel
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21 February 2025 | 10 replies
Recommend purchasing a primary residence first, ideally a home that needs work in an appreciating neighborhood.
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21 February 2025 | 4 replies
I'd recommend starting with books $10-$20 gets you 90% of the info you need.
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16 February 2025 | 5 replies
I highly recommend starting with a basic househack, easy barrier to entry and gives you a crash course in being a landlord who lives on site.
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16 February 2025 | 14 replies
Quote from @Brook Burns: Thanks so much for the recommendations!
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19 February 2025 | 13 replies
I am looking for recommendations for best financing options.The owner is considering financing it, but until they agree, I am planning as if they will not do so.The local credit union I use, who is very investor friendly, is unable to lend on properties larger than 4 units right now.