Now, I'm proud to say that I own multiple apartment buildings, and I'm enjoying the financial freedom that comes with it.What I Bring to the Forum:Experience: Over 15 years in the real estate industry, with a focus on flipping houses and investing in apartment complexes.Knowledge: Expertise in value-add properties, seller financing, and leveraging equity for growth.Passion: A genuine desire to help others achieve financial security and freedom through real estate investing.What I’m Looking For:Connections: Building relationships with like-minded individuals who are passionate about real estate.Learning: Staying updated with the latest trends, strategies, and insights in real estate investing.Sharing: Offering advice, sharing my journey, and learning from the experiences of others.If you're ever interested in discussing strategies, sharing experiences, or need any advice, feel free to reach out.

My goal is to own more rental properties, and was wondering whats the best strategy to achieve this, with regards to what to do with monthly excess money. 

Accurate valuation is crucial for both buyers and sellers to achieve optimal results.To make informed decisions, we must closely analyze market trends.

That could be achieved in 1 property. 

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

It is a balancing act for sure.

From the looks of my ledger, I have about $18,000 in uncollected rentsAttached is the balance owned and the current monthly rent expected. 

Achieving a quick turnaround required detailed planning and coordination.

New sales in the house hack sector went from 219 last year to 224 this year.Westchester’s most popular neighborhoods for 2-4 family properties:Yonkers: 85 dealsMount Vernon: 35 dealsNew Rochelle: 17 dealsGreenburgh: 14 dealsRye: 12 deals* Ossining & Harrison: 10 deals respectivelyConclusionInventory increases across the board could signal an oncoming balanced market.

I am committed to dedicating time and effort to achieve this goal, and your insights will be invaluable in shaping my journey.