I tried in my market which is the 2nd biggest to New York, so pricing for ads was really high and the return was not great.

I am located in new york city.

To estimate closing costs and monthly expenses for a multifamily property, closing costs in New York typically range from 3-6% of the purchase price.

For instance, using bank financing to buy in expensive places like California, Washington, New York or Illinois are really tough to cash flow.

Consider Charles Lindbergh’s 1927 solo flight from New York to Paris.

And I don’t mean something like saying you want to invest in New York City, I mean an expert on specific neighborhoods you have chosen for a specific reason.

Originally posted by @Alfredo Martinez:Hello, I am a contractor licensed and insured in New York & New Jersey. 

This would not necessarily be the case, or the spread could go the other way, though such motive could present one reason for conversion.I am not even sure if rent control gets eliminated through a possible condo conversion in most towns in Hudson County - West New York, for  base condominium rent > $1000, is one exception, it seems valuable to determine the others.

Geographically, Michigan, New York and Ohio are great states to invest in with low barriers to entry. 

“Terms offered to investors by RAD Diversified are in line with those offered by similar, competitor REITs.”John Carney, who helps lead the securities, enforcement, and litigation team at BakerHostetler in New York, said any move by the SEC to share an outside report would not have been taken lightly by the agency.