Unfortunately being in Brooklyn it seems that the best bang for my buck is out of town and it’s a scary thought investing that type of money long distance.

Take duplexes in the Old Brooklyn neighborhood.

@Mitch Messer hi I am a flipper in Brooklyn and going to do house hacking in atl or surrounding area this summer .

A prime example is a 3 bedroom, 3 bath duplex condo I rented for last July and August in Park Slope, Brooklyn, NY.

Wondering if you would have more interest if you moved it to Brooklyn..

I live in the NYC area, and I am looking for houses in Queens/Brooklyn/and Long Island.

I have an estate property in East Flat Bush which I am interviewing and hiring a real estate broker to list and sell for the estate attorney.The property needs updating.  The transaction needs to be arms length so it ...

I started a Partnership with some friends and relatives who mainly are Stock Market Investors.The purpose of the Partnership, in this case an LLC, was to purchase a $1.5 Million 3 Family in Brooklyn, All Cash.3 months ago I told everyone to pull out their cash in the Stock Market.They completed their stock sales a few weeks ahead of the Market falling off the cliff.I then closed on the 3 Family at a very good Price, collected a $40k buyer's commission as I am also the Buyer Broker, and just finished renting the 3 Units, signing the last apt lease in a few days, getting approximately $6k per month in Cash Flow for the 1st year.Not only that, I am securing an Investment HELOC at a 50% LTV, so roughly $750k, which I can use to investing in the Stock Market.I had already anticipated the fall of the Market as the inevitable Corporate Tax breaks had to wear off eventually.There just isn't enough consumers that benefited, in my opinion, therefore Corporate Revenues cannot increase and profits has to either stabilize as the max Corporate Tax breaks levels off.Really, only one way to go.I am anticipating the decline to last for a while.As an Trader, however, I will eventually buy long term growth stocks but also hedge it with PUTs in case I get in a bit too early.My friends and relatives are ecstatic as they probably saved a decline in their net worth by as much as a $1 Million.BTW, there is an old saying, "It is easier to make the 1st Million than it is to keep the 1st Million."

Account Closed mentioned about property types, Those $30,000 Duplexes in Cleveland won't need an IRR template but the property in Brooklyn, NY or South Orange County, CA will. 

I am a beginning real estate investor in NY and was recently contacted by an NYC wholesaler proposing to work on a joint venture "wholetail" deal in Bushwick, Brooklyn.