I used to work for an apartment building owner who I rehabbed apartments for in Manhattan.

I'm thinking about leaving my $1,700 per month studio in Manhattan to live almost rent free in the immediate suburbs.

I also work in Manhattan so ideally finding a MF in Hoboken/Edgewater/Weehawken would allow me to declare primary residence and get the mortgage tax benefits.

One of my early mentors is a very successful real estate. although not having any property at Manhattan, he has several four-family brownstones in Clinton Hill brooklyn and other primary areas in Brooklyn.

A basic multi-family outside Manhattan can go anywhere from 700K to 1 million, you are going to need to rent them pretty high in order to break even.

Many, myself included, would like to think that California is Manhattan in terms of real estate - an island where values will always be super high.

Donald Trump went into Manhattan to stake his claim and by hedging investments from other people and taking tons of loans out he was able to get credit anywhere and fund his projects.

I know Long Island better than anywhere in the world but I was born in Manhattan and lived in Brooklyn as a child, I still go there to see family from time to time and feel as I'm someone who learns quickly.

.* in my home town, high end half to one acre tear downs in top tier area go for 300k to 500k and new builds go for around 180-200 per foot, super exceptional for maybe 250 pf, usually around 6000-8000 feet...

Right now I got into touch with Bank Manhattan and I think it might work out.