Hi all, I have an office in a building where it will go on sale once the owner passes.

Days on Market (DOM) since Q3 of last year.Single-family residence values continue rising and are selling for nearly 9% more than last year - National average for home sale price increases is 4% since last year per one of BP's most recent podcasts.Multifamily properties in Queens have sold for a median price nearly 6% above last year, jumping from $1,058,000 in Q3 '24 to $1,120,000 in 2024.Lastly, despite inventory increases, the # of sold properties has declined when compared to last year.

My gut feeling is next time this happens I tell the seller that I won't go along with such a situation.

-I will then put in place a lease agreement between ourselves personally to the new property management LLC to lease the cottage and between the ownership entity of the other rental property to the prop management company. 

That's not going to stop me, I'm currently building a team over in Birmingham to get my portfolio started, but I wanted to get some advice about how the out of state buying process normally works.

I’m thrilled to introduce myself!

Looking forward to hearing your experience.

In renting this property, I've been able to amass a nice database of potential renters in the area. 

Fortunately, the city has given me permission to rehabilitate the house, which I plan to use as an Airbnb.

Your unit seems to be on the luxurious end.