So my family has owned a 6 unit (4 bed/1 bath units) apartment complex in westchester, NY for almost a century, and I think it is time to see if there is any way we can get round the ridiculous rent control.

@Hector Martinez RosalesPost some more detailsSq ft# of Bed/BathsProjected RentRehab estimateetc...

Hi All-I see a property on the market and want your opinion on it:1) 1980 built, Duplex , 3 bed 1 bath each. 2) Sale Price $320k County Appraisal value is $206k3) Leased for Adult care until 2023 with $2500/month for both unitsQuestions:1) Does it makes sense to buy a property higher than CAD value?

We are planning for five 16-bed homes and ten independent living patio homes over 6 acres. 

Purchase price: $178,000 Cash invested: $781 Contributors: Daniel Kidd, Chalie Krautkramer, Shelby Osborne, Jessica Franco 1999 / 3 Bed 2 Bath / 1050 sq ft / side by side duplex.

Purchase price: $178,000 Cash invested: $781 Contributors: Daniel Kidd, Chalie Krautkramer, Shelby Osborne, Jessica Franco 1999 / 3 Bed 2 Bath / 1050 sq ft / side by side duplex.

All nice, no crap including four poster beds. got a lot of nice vintage pieces also.

Purchase price: $65,000 Cash invested: $53,554 2 BED/1 BATH/ PIER AND BEAMHouse Size (sq. ft) 988Lot Size (sq. ft) 7000Year Built 1922Property Type Single FamilyConstruction WoodRoofing ShingleFlooring Types WoodWiring Condition Knob and TubePlumbing Condition PoorSiding Material MedTotal Reno $40,000Plan to REFI in 6 months to recover Cash Investment What made you interested in investing in this type of deal?

There was a small main house (1 bed, 1 bath)  that rented out for $450 a month and there was a manufactured home (2 bed, 1 bath) in the back that rented out for $650 a month.  

Purchase price: $66,500 Cash invested: $30,000 Sale price: $138,000 Smaller 2 bed 1 bath home in a great neighborhood.