I've just aquired a 6 family unit from family in Queens NY.

In fact we have several agents that we work with that have become the "Short Pay King/Queen" in their prospective areas.

I have a question about the real use of the 50% rule as taxs are WAY different in parts of the country or even local marketsI am looking at 3 and 4 plexs in areas like Newark NJ and seeing tax rats of 4-5k per year, and the essentially same units in Elizabeth, NJ have taxs more like 10-12k per year.

I was recently looking at properties online in Jersey City, since I haven't found anything I liked in NYC (meaning Brooklyn/Queens/Bronx) with a decent CAP rate.My other option is to look upstate NYany thoughts or options?

If we can get those as well we will own almost 75% of the street and be the "King and Queen" of the neighborhod!

Whether you say ethics or any other BS in the real world these REO kings and queens have a list of buyers ready to purchase with cash where the REO broker can double end a deal.If the offer is close to what the asset manager wants then the bank doesn't care about double ending.How you level the playing field is to tell the listing agent they can keep all the commission so they will push your offer with all things being equal.It is a classic mistake I see brokers and agents make time and again.The REO broker is only getting a tiny fee on their side and having to cover a bunch of costs listing the REO so getting the other side is huge for them.If you are flipping you will save the commission on the sell side as an agent and you can put 4% co-op to get buyers agents in droves and still save 2%.The price has to be competitive and the rehab quality for the area as always.You can't just offer a higher co-op and then list high to compensate for it.That is another classic seller mistake.good luck

I was wondering if there's any newbie investor who want to network in NY (queens, L.I, Brooklyn, NY city) whatever strategy is fine. so let me know. also anyone want to have a trainee. let me know .thanks guys

It doesn't take too much work to be able to spot within a few years when a house was built- just like a car nut can easily tell the difference between a 1920 and an 1950 Ford, or a fashion queen can tell when a poodle skirt fits and what trends are in or out this year.

He has been told that he has the best offer on a home I believe in Queen Creek Cave Creek but has still been waiting for two months for the final answer.

She is afraid of of her sister, kind of the family mouse vs the queen B.