Among the worst in the country for decades... until people figured they were both right next to downtown, one to the south, one to the east... since then, they have gotten nicer, safer and so expensiveI see this as a huge opportunity, as crime is going down, house prices are going up...

Salam (means Peace in Arabic) pros,It feels good to be among the PROs, even without any invests executed yet!

The Note goes in your pocket.The Deed of Trust or the Mortgage (depending on where the property is located) gets recorded among the land records.Yes, those (and a few others) are closing docs and the costs associated therewith are closing costs.

Last thing that comes to mind is that a lender is going to want to see some sort (it varies) of liquidity within the holding entity and/or among the key principals to cover some expenses. 

Among the various types of commercial leases, the triple net lease is by far the most favorable to the landlord and will play a major factor in your ability to increase your cash flow/net operating income; both in the near-term and in the long-term.I recommend that you spend the time to calculate the yearly average cost of these expenses against your net operating income.

Among the various types of commercial leases, the triple net lease is by far the most favorable to the landlord and will play a major factor in your ability to increase your cash flow/net operating income; both in the near-term and in the long-term.I recommend that you spend the time to calculate the yearly average cost of these expenses against your net operating income.

@Liz C.This is not just for Liz, but since she asked about New York.....Like everything in Real Estate, a lot can be boiled down to a specific location.New York State might be among the top OUT Bound States.... but NYC is still projected to grow another 800k more in population.The Statistics of just IN/Out bound migration of people can e VERY misleading.Obviously, if NYC has a population of 8.2 Million, let's say 5% of the people leave, but 10% of the people have at least ONE child per Adult........ the NET population still grows significantly.NYC Population ProjectionsAll Real Estate Investors know that the most immediate factor in your success starts from:1) The dynamics of your Investment2) The Block that it's on (if this is a dense city)3) The Neighborhood4) The City5) The MSA6) The State7) The Nation and lastly8) The World EconomyThe report is based upon 7) The Nation and how people are migrating.

Have you seen trends, or common characteristics among the people who are selling their homes to you?

The third-highest home value forecast (4.7 percent) and a whopping 142,084 jobs — by far the most in the top 10 — highlight its attractiveness to new residents.San Jose, California, tops the list of hottest markets for 2018, mainly because home values in the Silicon Valley hub gained 17.4 percent over the past year — the fastest growth among the 50 largest metro areas — and Glassdoor estimates that San Jose has 0.036 job openings per person, which is the highest rate among large U.S. metros.

House hacking at its finest : )6.Just FYI- Long Beach ranked 8th nationally among the 100 largest US cities in month-to-month average rent increases and y-o-y from 2016 to 2017 with a 7.8% increaseI’ve contacted multiple planners from building and safety and have gotten the green light that a rear unit can be added as long as it passes through historical commission (yes I know this can be a headache) and as long as it meets parking requirements.I currently have a short and sweet background in real estate appraisal for tax purposes but not so much for real world investing that have real ramifications.