I’m going to lay out all the numbers here and hopefully some people will chime in with their thoughts. 1 bed/ 1 bath condo in north New Jersey (~10 min bus ride to midtown Manhattan)May 2016 Purchase price: $270kDown payment: $54k (plus 10k in closing costs)Current market value (best estimate): $325kMortgage remaining today: $205kCash flow per month as rental: $300The way I am looking at this is I am deriving my “net equity” (net of selling closing costs) to be:$325k x 94% = ~305k, less 205k (mortgage remaining) = $100k net equity.Therefore, my RoE on an annual basis is $300 monthly cash flow x 12 = $3,600 divided by my net equity of $100k = 3.6%On one hand, it seems like I could use that $100k elsewhere and likely beat 3.6%.

Many are saying it is similar to Manhattan KS before it grew up.

http://www.wbur.org/hereandnow/2018/07/03/manhattan-real-estate-sales-fallAccording to a new report, Manhattan real estate has now had its worst second quarter since the Great Recession.

For example: SFH investing in Manhattan is not realistic. 

Manhattan median rent is up YOY Q2 0.6%, ppsf is up 2.3%, number of leases is up 5.2%, days on market is down -34.1%.

At the time, my wife and I both have good paying jobs in Manhattan and wind up in Rego Park, Queens due to subway and express bus options.

If you enjoy the BP podcasts @Darren Sager hosts a monthly meetup in Manhattan featuring BP podcast guests.

'I am sure there is ample opportunity for investement, but due diligence required.Atlantic Highlands is probably the most desireable of the areas, with some amazing views atop the hill overlooking the bay and Manhattan 

@Patrick Flanagan We have one in the Bronx and our buddy @Darren Sager has one out of Manhattan.

The home models are called Brooklyn, Manhattan and Rochester.Houses in North Las Vegas “are going like hotcakes,” said Trish Nash, a real estate broker and longtime resident.