Today, those properties are still making $1k per month and have NOT YET moved up in Apprecation.If I do my calculations, $1k per month x 12 month x 15 years = $180k in Cash flow over the 15 years.OK... that's pretty good by most standards... but no where NEAR being a Millionaire.What was even worse was that in the year he bought his properties, he rented an apt for $2k per month in Manhattan.

Criminals are  drawback of MULTI's put a greater part pf your portfolio at risk. 

Not only that, it's a rent controlled unit in midtown Manhattan, NYC.After the shock of hearing it, we all wanted to know "why ????"

I know of Big Property owners that own over 70 buildings in manhattan that have done this

I know apartments that are available to buy in Manhattan for under $100,000, provided you use it as a primary residence.

I've worked for a corporate real estate firm in Manhattan and made partner in a venture I created.

Now that we're in the age of instagram and facebook and twitter, millenials want to be flashy and show off their awesome new modern apartment with manhattan views but what happens when the'yre stuck in these apartments with crippling student debt and subpar office jobs. 

Outside of maybe Manhattan there is nowhere in the country with more opportunity than California.

That is what SEO is. ranking on the 3 page of google means you have your store in the cornfields in mountyvill in the mountains somewhere... and if you are #1 result on the first page.. you are in Manhattan, on those HUGE  billboards flashing your business for everyone to see.Now. the difference is real boi.

It's driven mainly from out of state money coming here in droves, but if you're in real estate, besides maybe LA and Manhattan, Chucktown is where it's at.