Would you recommend the course/class that you took? 

Yes, I probably have some protection, but rely mostly on insurance.NOTE: we manage a lot of Class C properties and unfortunately get sued 2-3 times annually.

Most real estate investors need a Plus subscription to separate by class(property).

Those areas have higher rents, lower vacancy and higher appreciation.If you manage class A or B assets it’s not awful as most tenants are not professional tenants trying to live rent free for years.

@Nicholas Foy average sales price in The Eye was $87,944 in 2023.We consider it a Class C- Nieghborhood.So, tenants will probably have FICO scores under 580.Means you may want to use a Vacancy/Tenant nonPerformance factor of 20%+ in your metricsYou'll also need a real good team on the ground to minimize losses.

This is making it incredibly challenging to compete with.As you poke into Brewery town, point breeze and going further into those neighborhoods you will start to see the class of RE change quite drastically. 

Our refusal to accept a recession is actually only making the pain much worse, and is the underpinning of a massive wealth transfer from the middle class to the rich.   

Additionally, it can help maximize renovations and improvements.38.36% of the total depreciable basis was classified as 5-year class life.

@Craig Bowman Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Hi BP Community,Does anyone have any experience with buying or selling a NYC class B SRO building in NYC and SRO conversion?