In 2017 I would like to buy a 2-4 family distressed property @Brooklyn/Queens and flip it to start generating funds for my long term buy-and-hold strategy.

@Brooklyn Wright congrats!

Expensive Maplewood is still cheaper than expensive Brooklyn and Manhattan.

Here's the deal, I am about to enter into a partnership / real estate deal with the seller. I'm excited about having created such a creative investment opportunity, though terms will be tricky and are still in negotia...

I'm seeing it become the next Oakland or Brooklyn.

Before purchasing my first property, a 2 Family in Brooklyn way back in 1997, I asked several Friends and Family to go in with me.I remember their responses as if it was yesterday!

I've been buying for 2 decades+ in Brooklyn, NY.

@Brooklyn R. just an FYI you can legally own bazookas and tanks - and what do you know no one ever commits crimes with them.

He switched from making a cash flow to losing cash flow as his NYC rents moved up above his $1k cash flow.In the same 15 years, I bought a 3 family Brooklyn Property for $900k.

For the last 21 years, I have been building my portfolio of Brooklyn, NYC properties that ARE NOT and have a high chance of never being rent regulated.Not only that, should RC get strengthened, as it just did, my RE Portfolio will also get strengthened.The important concept here is to first understand the root of the problem and then plan to reduce the risk and strengthen your portfolio in spite of the changes.