I have a 2 family property in Queens NYC and I'm trying to get a HELOC.Only issue is my basement is a converted illegal unit.

It's helped pay for, without a deductible on my primary insurance: -A new King Bed after guests broke the other bed when they showed up and most likely jumped on it-A new Queen Bed  and Box Spring after similar situation in the upstairs bedroom-A new Dining Table after guests left a bunch of super hot pots/pans on it and bleached the wood-Repaired door frame after a guest must have broken the front door-A new sleeper sofa after guests bent the pull out metal hinge to the point where it would no longer retract into the sofa. 

Elizabeth, thank you for your story- my husband and I have considered moving out of our house but haven't thought about it recently.

They tend to be treated like dirt for most people... they are your kings and queens!

Elizabeth,I started listening to BP Podcast episode 103 this morning, and then started checking posts/replies here on the website...

Question for all the seasoned NYC / Brooklyn / Queens multi-family buy and hold investors out there.

In regards to learning I'm also new but have my first wholesale deal currently in Elizabeth if you have any questions please feel free to reach out! 

I purchased my primary residence approximately 3 years ago in Freeport, NY and I am looking to purchase my father's property in Queens, New York.

I was just looking at one in Elizabeth, two family with 17K a year in taxes.

Originally posted by @Elizabeth Wilson:@Peter Benson -  while sites are great for data for analysis, there is nothing better than "boots on the ground" (pls forgive the military jargon!).