Just heard on NPR interviewing Ali Velshia) Surplus of apartments in NYCb) Pullback of foreign investorsc) 5% price decline avg sales price, 17% decline in salesd) Increase in inventory discuss?

Hi everyone, I recently acquired a few multi family properties with section 8 tenants and as far as I can tell, the last landlord did not increase rent in over 5 years.

I also recommend finding a mentor to keep you focused, accountable to your commitment, on track and help you increase your learning curve and shorten your timeline to success.

Increasing the NOI is the way to increase value.

Depends on the unit and the tenant, but generally for our better tenants we just allow them to go month to month, with or without an increase depending on what the market is doing and whether we want to keep that tenant or not.

I'm very interested in using a 203K FHA loan for financing the purchase, and rehab of a property that I would move into... and drive up the equity... eventually leveraging the increased equity to refinance & invest forward... or outright sell and invest forward.Is it possible to find a deal that matches my house hunting criteria from a wholesaler, and use a 203K loan to do the purchase? 

That’s on top of the 4,270 units that were introduced in 2017.DURING JUNE, THE AVERAGE RENTAL PRICE IN MANHATTAN INCREASED BY 1.15%, FROM $3,944.35 TO $3,989.64.

Their parents bought a 4 family house in Ridgewood in the early 90s and its value has increased tremendously.

As more info comes out the cities will be interested in increasing awareness of these investment opportunities.

I plan to improve and stabilize it, increase rents, get some cash flow, then sell for a little profit in a year or so if the market supports it