On the other hand, welcome to the housing market in 2024!

Long Island will always be a desirable market. 

My initial analysis suggests a conservative offer in the range of $3.2M to $3.35M could be justified, factoring in current market cap rates and the property's upside potential.I'd appreciate any insights on:1.

Purchase price: $200,000 Cash invested: $24,000 16 unit good bones building bought at an amazing price as an off market deal since it had many downsides but the downsides are just temporary.

If the market softens, you have a defined rent, but if it strengthens, you can't increase rents beyond what is defined in the term.As noted, NNN is a broad classification, so you need to read all leases to understand what is covered and what isn't.  

Mid term why did the market swing?  

I'm particularly passionate about investing in emerging markets across the country.Outside of real estate, I enjoy all outdoor activity, including golf, boating, sailing, fishing, skiing, hiking.Excited to learn and connect with you all!

From insightful discussions to exciting opportunities, BrewRE continues to be the go-to event for networking in the real estate community.Thank you to everyone who attended and contributed to another successful BrewRE event! 

It opened my mind to a new marketing avenue.

Are there any resources that exist to determine what the fair market price for a condo should be in a particular area?