That's a tough one.

You’re right—New York can be tough with high property prices and tenant laws, but there are some great areas just outside the city where you can still pull off a successful BRRRR. 

I’ve created a spreadsheet with prices for major items such as water heaters, roofing materials, appliances, and other big-ticket repairs.

not sure how far along in this project you are, but Building Materials Outlet (BMO) in eagan is the go to place for construction supplies like cabinets, flooring, etc.Hope that helps

Become a syndication Co-GP by lending the escrow funds for the true GP where you receive 1% of the GP share of project upside, then create website and social media marketing materials where you hold yourself out as THE GP for the syndication.5.

I guess the reason why my wife is very hesitant on cutting losses is because between our friend and us, we have spent $92,000 out of pocket on this deal and I guess it’s a tough pill to swallow

With prices high and interest rates also relatively high, getting a property to cash flow (at a 1.2 DSCR) at 75% LTV is really tough in most places.

Best of luck to everyone out there dealing with the slow market, it’s tough!

But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more. 

Money Back claims are easy - except when you are asked for the money back then the excuses start.We bought into one that is well known and is actively soliciting new members several years ago and found it to be a total waste of money - generic material, generic advice and support that vanished when we did not see the results they claimed and asked for some additional assistance.