Brooklyn is becoming way to expensive and every one wants a piece.

As you know a short sale in Brooklyn is like finding gold.

Our biggest challenge has been the fact that we live and work in New York City, and have been looking in Brooklyn, Queens, and on Long Island where the price of entry into the market here is so extreme.

I live in Brooklyn, NY, but invest in my hometown of Little Rock, AR.  

@Richard DecosteIt all depends, when you say large multifamily in Brooklyn what does that mean?

In Brooklyn NY, we have areas where 3+ beds are highly desirable.

Recently purchased a 3-story apartment building in Brooklyn, N.Y.

Sorry for the late response but here is my take; "Douglas Elliman rep: 70% of Brooklyn home sales going to hedge funds, investors and international buyers" reference http://freewilliamsburg.com/douglas-elliman-rep-70-of-brooklyn-home-sales-going-to-hedge-funds-investors-and-international-buyers/.NYC is a different market, Brooklyn is a very hot market.

Good deals in this area (Brooklyn) are still moving pretty well for discounted properties.In any case, hopefully someone will have some feedback on the method I was inquiring about or offer some different options for closing with retail end buyers.

As soon as you’re labeled a habitual contract flipper in the market, you’ll find it very difficult to have a P&S contract offered to you.My recommendation would be to try your hand at wholesaling in Queens, Brooklyn, the Bronx or Staten Island where prices are lower and sales are much more frequent.