STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.

Partner Driven added value by identifying the property's hidden potential and leveraging our market expertise.

Hi guys, hoping for your guidance. I am a physician in NYC, a friend asked me to help a single mother with two teenage children who ended up on the streets after being evicted in Houston. “Genius” me agreed to rent a ...

It sounds like you have a good amount of expertise in management and oversight, so that will definitely be a plus in the property management area. 

I have reaped huge rewards from investing in the red hot Bay Area real estate market.

I'd appreciate your insights on balancing the trade-offs between initial capital outlay, monthly cash flow, and potential returns.Thank you for your expertise,Ricardo

House hacking is another excellent strategy, especially for getting your feet wet in the investing world while minimizing living expenses.Your goal to invest in affordable housing is commendable and can be a rewarding niche.

More trouble than its worth unless you partner with an operator that specializes in it and can provide the expertise, nursing contacts, etc. 

Starting in investment real estate, especially with a focus on student rentals, can be a rewarding endeavor. 

We are fortunate that land development is something we've been doing for several decades, but each site presents its own challenges and rewards.