Is it smart to buy properties that are already move in ready and rent out immediately in an area like this as opposed to buying rehab properties? 

I don't know why i'm so nervous about buying a listsource list, Sharon Vornholt.. but I am :/ In doing research, people have used so many different sets of criteria!

I was in a similar position without the rezone, I can put a third unit on my duplexes property, but after running buildout numbers it makes far more sense to use that capital towards just buying another duplex.

I'm curious if there was to creative in financing when buying from the VA.

But if I bouget it under the LLC, by law I have to buy it also for my employees.

What that 20% translates to in dollars really depends on where you are buying.

However, short of my stock portfolio, which I don’t want to touch as it does well too, I don’t have the cash to buy my first deal.

We were told to buy lots and then sign contracts to build with Blacktip.

So.. please be careful buying in NYC or any of the Rent Stabilized localities throughout New York State.Good luck! 

However, it is the third factor—whether investor business had actually commenced—that is determinative here.In investor’s business outline, dated May 10, 2004, he indicated that he was starting Value Property Investments “for the purpose of buying, remodeling and renting property.”