Welcome Ryan Thomas..I am a former Long Islander..currently in Hampton,VA

I live on the big island you might want to check other islands too it's cheaper but beware coquis here.

I do have a real estate connection in the US Virgin Islands (St.

This is also an unusual lot in that it is land locked with no street access, which brings value down from others.

@William...the current property owner is an investor from Rhode Island who spoke to a real estate agent who told him the property is in the west side of detroit which is better than the east if that helps at all.

This home is on Long Island in good school district on busy road3bdrm 2 bath needs about 10-15k work (full basement as well)price 162k 20% down then rest at 30 years 5.5% fixedtaxes 6400Income will be 1800/monthPlease any input would be appreciated

If they have double that figure once you get the other tenants out.192,000 -115,200 ( 60 % ) = 76,800 NOI once stable and fully rehabbed.At a 10 cap which most rougher areas might trade at a 12 but let's do best case you have 768,000 resale value.If you pay 450,000 and then have 40 units by 5,000 improvements that is 200,000.Resale of 768,000 minus 6% commission 46,080 = 721,920Figure title work , buyer concessions ,etc. maybe you are at 705,000Take 705,000 net minus your 650,000 in you are looking at 55,000 profit and that is IF the buyer isn't asking you to take back a second mortgage of 10 to 15% and then your profit is gone.The key on this deal will be immediate repairs needed and if the area is really rough it won't make a difference how nice you make it the quality tenants will stay away and the new tenants will thrash your rehabbed units again.To me I just don't see this as a deal unless there is land involved but if the area is rough the redevelopment would be weak unless the government was coming in and buying stuff up with grants to revitalize.

Palm Springs is a real estate island that has little to do with RE in CA.

As soon as you’re labeled a habitual contract flipper in the market, you’ll find it very difficult to have a P&S contract offered to you.My recommendation would be to try your hand at wholesaling in Queens, Brooklyn, the Bronx or Staten Island where prices are lower and sales are much more frequent.

Hello everyone.   I'm looking for a great home inspector for a multi-family property in Pawtucket, R.I.    Someone that you've personally used before for a home inspection and have had a great experience with.       T...