Purchase price: $141,500 Cash invested: $29,000 Single family home in West Side of Worcester, MA; conveniently located one block from Worcester State University and less than 2 miles from Worcester Regional Airport.

Where can I find what the houses sold for a block in NYC ?

We are thrilled to be able to provide our current tenants with renovated + safe access to their units, updated interiors, replace ancient HVAC systems and bring their roofs up to standard.

For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersI really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides

Put NOI in the numerator and divide by Annual Debt Service, must be greater than 1.25x.Costs for repairs really depend on how much asbestos you have (you might not have any) and cost to replace K&T wiring (depends if the wiring is accessible from a drop ceiling, in an exposed basement, open attic, or behind plaster walls that will require some cutting and patching. 

Wondering if it would be better to access a HELOC or use some savings and taxable investment account (about 50k in it) to finance an initial purchase of a multifamily (preferred) or a single family property.

Visit ask questions get lost and grab lunch at some hole in the wall.This way when you get mugged two blocks from the property leaving a liquor store because you can't find anything else... you'll have saved yourself from buying something that looked fantastic on paper.On a slightly more serious note...the realtor will make you feel like you're a deal on a good house and you'll be pumped.The inspection will make you feel like you're buying the biggest money pit you've ever seen. 

Subscribed to Pro to get more involved and have access to the calculators so I can practice the practicals and analyze deals.

There is lots more info at my website which you can access through my profile.

The two compliment each other because the brokerage side brings in much of the profit while the PM side levels out some of the volatility of operating a brokerage and also generates leads by providing access to a client base of investors using the PM service who are likely to buy and sell through the brokerage.