I am a new investor in East New York Brooklyn NY.

@Josh StackI started investing in 1998, all properties are in Brooklyn, NY.Pre-Financial Crisis ----------------------------1998 - Bought 3 Family Building2000 - Bought 2 Family Building2003 - Bought 3 Family Building2004 - Bought 4 Family BuildingDuring the Crisis-----------------------------------2008 - Bought 4 Family BuildingPost Crisis-----------------------------------2013 - Sold the 2 Family bought in 2000 for a 1/2 Million Profit2014 - Bought 3 Family Building2015 - Bought 3 Family Building2016 - Bought 3 Family Building2017 - in Contract for a 3 Family BuildingWhat would I have done differently?

Being that, it’s very hard for me to communicate with my clients and convince them to decrease price or increase their offers.I recently sold a big commercial building in brooklyn and ,thanks god ,deposited a big check.It’s never easy no matter what position you are.

I am hoping to find a great investment opportunity in Orlando.Also, thanks for mentioning Mills50, I will visit that area when I come back down from Brooklyn.

While I happen to be a Broker in Brooklyn with my own Brokerage, I'm not taking on Agents, not at this time.

@Angela CeresnieCreating an LLC for each property is more costly than having one LLC for all your properties.Creating an LLC for each property includes cost such asformation costs to the Secretary of state possibly annual/upkeep fees to the secretary of state additional accounting fees to your accountant if a partnership return is required to be filed fees paid to registered agents With that said - you should definitely consult an attorney if you should set up an LLC for each property.The following are factors if you should create an LLC for each propertyYour risk toleranceYour risk exposureYour net worthCost to form additional LLC'sI am also located in Brooklyn(but I decided not to go the turnkey route).

And everyone is expecting the Bronx to be the next Brooklyn and it sure will continue to appreciate.

And I do all cash buys in Brooklyn NY area u work w a me to as well who funds my deals and the investor I work with is a wholesaller but Im personally looking for investors w more of a full commitment to investing and uses different investing strategies that i can learn from while producing value and results for the investor.

Here is a REAL EXAMPLE:In the year 2000, I bought a building for $140k with 15% down and some closing costs for an out of pocket investment of $28k.This year, comps tell me that I can sell that property for $1.1 Million here in Brooklyn, NYC.The unrealized gain is $960k.Just to put some calculations here, the tax to the IRS alone, not to mention the State and local tax, would be 20% x $960k = $192k.

Queens, Brooklyn?