Purchased for ~$20k under market value.

It's a safe way to learn the market and build your team.

Retail on these condos is around $125k ea. 

In order to make educated judgments, market demand must be researched, high-impact upgrades prioritized, and specialists consulted.

You can do the BRRRR method too with private loans, but in this market, that's pretty tough. 

With a deep passion for NYC's unique real estate market, I specialize in helping investors and professionals make informed and profitable decisions.

It depends on how competitive the market you are in is and if they are doing a BRRRR or flip strategy. 

And if you're looking for your next investment, I recommend looking into the Columbus OH market.

In my market, agents/investors/wholesalers pitching creative financing get this objection as well.They typically have a 2nd offer (usually much lower purchase price) for the owner to be able to accept now and cash out. 

I have some in the stock market and a HYSA, i've always wanted to own real estate investments as another way to build wealth.