Our culture, economy, and media are permeated with the notion that everyone should have a nice, newer car, and that they should use a loan to obtain such.Get rid of your car loan!

Large markets with diverse jobs and culture.

ridgewood and bedstuy would be best bet just as far as event/culture trends (where young ppl want to live). ppl moving to bedstuy dont mind the grungy and still borders bushwick. bedstuy willl prob have most growth as far as minority owned small businesses. trains, gyms close by. also wyckoff hospital is buying mfh nearby and using them as offices. it's possible a larger hospital network like lij/northwell health will buy them and expand so you may have a rental property to sell to them. lol. dont be suprised if new mayor proposes some new train or fast rail line like the L train on outskirts of bk\queens. your prop value will skyrocket in 10 years if you bet on that.

The homogenous cultures first and foremost. 

@Matthew Irish-Jones no,  the 15k was my out of pocket cost/down payment after the lender determined the ARV of the property.

@Matthew Irish-Jones thank you sir. 

@Kashyap Patel @Matthew Irish-Jones and @Drew Sygit are giving you some great advice here.

@Matthew Irish-Jones, I'm just looking for the most efficient way to reduce my interest rates and pull out capital. 

I see a LOT of good things happening around here (finally) with new business and cultural improvements in many areas.  

- Is the culture to rent by the room or by the house/unit?