Listed Price 90kGross Rents 5.2kUnits: 10With an initial investment of 25% I would put down 22.5k.

You will need to wait 6 months to get a loan on the ARV ($120K), but you'll get much of your initial investment back.Try it for a year or two.

- My initial thinking was that people don't rent in this area.

That being said, for NYC that's not too bad and if you really can get a place that generates $3800/rent for $400K, that's a great deal.

I recently came into a windfall which I am looking to turn into generational wealth for my family as well as pay for my Mothers living expenses and younger siblings college.I've been interested in RE investing for a long time but never got too serious with it.

@Stanley Parsley I was initially looking to make a cash profit off of this deal.

Our initial plan for the next couple of years is to get rents to market, and see what we can do with the water and heating bills.Over the next few years, we will build out our buy and hold portfolio in the Toledo area.

Most of the time the income generated by the building won’t even cover debt service.

They are in their 60s now and have adult kids , but just those two smallish buildings were able to create generational wealth.

This means they pay $900 per year to this fund, and that means for every 100 units that signup, we generate over $90,000 in additional income that goes right to the bottomline.