Decades of neglect, mismanagement and diversion of allocated monies to pet projects have put us here.This deal will in the long run be great for NYC, especially LIC and the adjacent neighborhoods in Queens.

Soon it will be 22-30 depending on how large my next acquisition is.I ended up purchasing a10 unit in Fort Lauderdale, but have been busy so I haven't updated this.I'm looking to connect with people who want to help learn by doing some work and small projects and checking in on my property.

On-going project

Within 2-3 years they refinance, returning my principal, though I continue to hold equity in the project.

They then have another realization that “sweat equity” is actually hard and requires tools, time, and a know-how in order to do the job right.When you’re under contract you’ll come up with a scope of work and budget, submit it for approval to the lender, and you’ll be able to make draws once you’ve closed and started the project.

@Chanoch Moller, If your mentor is a real estate investor, you should talk to him about creating a Joint Venture so that he can advise you in your first few projects.

You inject 35% /cash into the project & the lender will finance 65% LTC, set a maximum purchase price, pick a specific location, and property type. 

If you are dealing in retail or larger commercial projects, a NY attorney should be able to help you as long as they have what we call a "local counsel" consultant or a member of their firm with some knowledge in that State, which most commercial lawyers do.

One is a partnership and handles commercial projects, the other is a LLC and handles small projects like kitchen or bath renovations.

There is also a big revitalization project in the Portland area, but I think there is a perception of that part of town and it's relative distance to the other areas already mentioned that make it a hard sell.