Own rental property2.

It's a great way to build a rental portfolio. 

Not only are Queens and Brooklyn the busiest Counties in terms of activity (new listings), but they also have some of the most competitive investors in our market.Properties are selling for 8.5% more than they were in 2023, showing us just how desirable the borough is.With its proximity to NYC, numerous public transportation options, and overall vibe and attraction, it is no wonder why the popularity has been reflected in the buy-and-hold rental market.

I have seen a couple of different ones that span from single family rentals to mobile home parks and commercial real estate such as office buildings, storage builds, etc.

Mostly I have not experienced much wear and tear difference between MTR and STR rentals.

I have been working with him to find deals, and manage rentals for a while now.

He likes that when he can check on all his rentals in one trip. 

Rentals may be tricky considering the strict state laws. 

Purchase price: $726,000 Cash invested: $1,300,000 Sale price: $4,500,000 We are developing a 4 story a luxury Duplex.Property is primed for short term rentals with conservative estimates of ($40,000-$50,000) per month.

Like with any rental, tenant screening is crucial in this area because opioids and other drugs have hit the area hard. 2019 has been my first year without an eviction so it has been a learning process.