Preface: my employer got bought out by another corporation and we now currently use a different 401K company.

Hired a local contractor to walk the home and bid the entire project so I knew what I would spend before I bought.

Our landlord bought the townhouse from her father.

I have a buddy of mine who bought a condo and now the HOA doesn’t allow renters.  

Say you bought the rental in January 2017 and put on the new roof in January 2018, you'd only have 26.5 years left on the building when you start the 27.5 years for the roof.

I am not considering selling the place but I bought it 2 years ago and NYC market has been pretty flat ever since.I have an outstanding balance of 460k$ on a mortgage at 4.3%, which is 30 year fixed.

If a property that is worth 5.3 million today at 6% cap approximately, can be bought at 5% interest rate; if the same property I could get at 4.3 millions in 2 years if the market falls, then interest rate possible at 6-7%, my cash on cash may be better but still not significantly better due to the higher interest rate, plus opportunity costs of sitting on capital for 2 years (1.3 million investment earning 1% bank interest instead of 7% COC if invested, loss of tax break depreciation, total loss may equal 200k loss in profit), plus increase in the rents and some value add could increase the cap from current 6 to 6.7 or so in 2 years.Unless, I find another source that can give me a COC of 7%, sitting on cash for 1.5-2 yrs for market to correct may itself be a loss.

Hello all - I have been a real estate investor for a few years, and I have bought/held/sold SFH's and condos in NYC, LA, and SF.

Just bought our next one.

I just bought a six-unit property for 15% below market with just 10% down and 5% interest.