Although I can confirm, that whenever I work Manhattan transactions - it's through Street Easy (aka Zillow). 

Shocker - Manhattan real estate provides a better return than Birmingham?!?

PF

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Luxury apartments in Manhattan and Brooklyn offer unparalleled views of the city, and penthouses in neighborhoods like Tribeca, Upper East Side, and SoHo are highly sought after.

If you decide to continue wholesaling in New York, please keep me in mind for Brooklyn, Staten Island & Manhattan in good areas.

@Claus Goritschnig: Okay, so how much have you paid to be part of the programhow much are you being paid to post this and most significantlyHow much have you made as a result pf joining the group? 

There are 1% deals in every market, maybe only excluding Manhattan and the SF peninsula.

If so, what would be the best way to advertise this type pf setup?

I'm an educator, a personal caocher and business advisor and since my kids has grown up 10 years ago I started doing real estae in Israel, where I live.A few years ago we went into some 3rd party investments in the USA, as part of an LLC group of investors- one in Manhattan and one in Atlanta.Based on the experince I have with those market (as well as Newtom MA, where I lived for 3 years) I lately decided to choose Milwaukee as my next market, focusing at the moment on single family houses.I'm looking into 3/2 single familiy houses to buy and will be happy to work with local agents and build a team.