I personally don't own in Oakland anymore besides being an equity partner for a new 300 unit apartment deal in Brooklyn Basin.  

I'd recommend looking in value-add areas such as south Brooklyn, South Queens and Southeast Queens for your first house hack... build up some equity, increase rental income YOY and get your Astoria househack in a few years.All the best!

Tags: Manhattan, New York, NYC, NY, negotiation, Cashflow 101, Cashflow 202, networking, Brooklyn, Queens, Long Island, Staten Island, Bronx, Westchester, private equity, leveraged buyout, lbo, Rich Dad Poor Dad, Robert Kiyosaki, Donald Trump

I live in Brooklyn and would prefer my first property to be within 1hr driving distance.I found many methods online that people use to estimate certain costs (i.e. vacancy, capex).

The examples in the book are just that examples and they work because of that. when i plug in these real numbers i just can't seem to find any good properties when cap rates are this low. is new york commercial dead or stagnant cause from what i've read places like astoria and brooklyn as well as the lower east side have a huge market and low vacancies. i need some help please

8) ) Also, thank you for mentioning that it's difficult to find bldgs that will cash flow in NYC, I was up until 2am last night trying to find one bldg in Staten Island or Brooklyn that would come close to the 2% or 50% rules I've seen discussed.

Hi my names Eran and i live in brooklyn. what i do is find destressed, rehabbed or houses that are in the process of foreclosure and buy the deeds. my main problem is actually locating and getting intouch with the current owners. im subscribed to 2 people finding websites, beenverified and intelius (which are good but dont really locate most people accurately).my question is does anyone know of a different or maybe better way of finding and getting intouch with these property owners.thanks!

I also speak spanish and can be your boots on the ground in Queens, Brooklyn or Manhattan.Please let me know if you're open to the idea of sharing some knowledge in exchange for some assistance in anyway shape or form that I can provide it.Best regards,Javier Diaz

I know it will be tough in NY, but I find that Queens and some areas of Brooklyn are still very much "ripe for the picking."

I keep getting turned down, but I've been told some local banks will sometimes entertain it.It's located in San Diego, California, and I live in Brooklyn.