Purchase price: $1,870,000 Cash invested: $300,000Offering a sliver of ocean view from upstairs, plus an ideal setting conveniently close to the area's most popular shops and restaurants, there's plenty to love in this location.

Have you purchased or looked into any multi-family opportunities yet?

With respect to the properties you previously purchased, whether you decide to transfer those properties to the LLC is entirely up to you.

Your choice, but it is not reasonable to expect to pay lowest rent and living in above minimum maintained properties.  

Could be CLass A, but you didn't share what the ARVs are.Most investors finance 75-80% of a purchase or do a cashout refi to BRRR it.Class A properties are almost impossible to cashflow with, especially with +7% mortgage rates.Class B, you're lucky to cashflow these days, but can do it if you buy wisely.Class C is what many investors are focusing on currently as they can cashflow from day 1, even with +7% mortgage rates.The challenge is most investors targeting Class C for cashflow, don't take into account the corresponding lower-class tenants and all their associated challeges.

Rates ticked down the most in a week for 2024, last week so sounds a hair high..we just priced a DSCR purchase for 5+ units just below that..Check in with @Joseph Chiofalo for a quick quote.

You can "generate" it if you purchase, either yourself or with others (e.g. syndication), a large property and do a cost segregation. 

I'm potentially looking to purchase a small rental building which falls under the NYC rent stabilized program.

If anyone is interested in purchasing, DM me your email address and I can send you details and pictures.  

However - my job is very high paying so I will look to build savings and start making my first purchases.