I understand there are real estate investors out there who are reluctant to deal with someone with a bad credit history :)Go figure!

In 2023, there was an 11% difference between what sellers listed their properties for and what they actually sold for.Since it has the highest count of sold small multifamily properties, here are House Hacker's top 10 Queens neighborhoods:Jamaica: 102 dealsFlushing: 71 dealsGlendale: 41 dealsAstoria: 34 dealsEast Elmhurst: 32 dealsBayside: 29 dealsCollege Point & Corona: 27 deals, respectivelyWoodhaven: 25 dealsWoodside: 24 deals* Just missing the top 10: Far Rockaways: 23 deals - Maspeth, Ozone Park & Ridgewood: 22 deals, respectivelyHow optimistic are New York sellers?

They put the money down and you do the work (finding the deal, overseeing rehab, maybe management) and split the equity.

#1031 exchange the rest of the way What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

Next goal for me is to do my first multifamily( 4 unit) deal in San Diego either through 1031 exchange of my condo or  (my cash  + friends cash).

@Erik B.The easiest way would be to sell and roll the equity into the next deal, a bigger one than you have right now.Refi is probably out of the question.

If he is only having hard money for a few months the delta between 7 and 10-12% is not that much.There are many other reasons, but those two I see are the most common I agree on the speed, but if a conventional lender is taking 60-90 days on a 1-4 unit deal, I would have some concerns on what exactly they are doing.

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