Although my company is not based in NY, we are both buyers and private lenders on lower $ ARV SFR properties throughout the U.S.Wishing you great success.

For my lower end units in rougher areas, I am getting around $500 for 2/1.

Some investors think they should get a discount on every transaction, because they do two or three a year.

If you negotiate a good enough deal that pays you then complete the transaction with the investor to buy the house you have under contract.

Rent was lowered but still with no results.

I know inflation will slowly send my real estate values up through the years, (though for real value: I am not intelligent enough to say whether it will be higher or lower) and with a my current financing structure I will do more than alright if I hold on for the next decade or so.The portfolio is structured on a 20 year term, of which I am 6 years through.

So if you still owe $100k, you would get $20k back to use for your next deal less any transaction costs. 

I share the details here to show what a series of small low-risk transactions can do over the medium and long term to build passive income for retirement.The PA is for a 1 BR condominium unit in a 150 unit complex where we already have 22 units, bought in 3 earlier transactions.  

I chose orange county because I am somewhat familiar with the area as I travel there quite often, the taxes are lower than nearby Rockland and Westchester counties, and the percentage of home sales have risen more than the respective counties over the past year. 

Typically, you'll pay more and get a little lower split right off the bat, but like so many people say on BP - 50% of a deal is much more than 100% of nothing.