It was in a very desirable area, so the market supported it's improvement more than the cost of the actual improvement.

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Look for areas in your market that are trending or new initiatives by the gov't to help change/improve areas.

Look in the property records at your county, or the tax assessor, and see if you can search number of units. 

Emrich I think you should expand your search area.  

Hi All,I've been searching the NYC/NJ area for approx. a year now, analyzing different markets and trying to figure out the best areas to attack for my first RE investment (don't want to screw it up).

Hi All,I've been searching the NYC/NJ area for approx. a year now, analyzing different markets and trying to figure out the best areas to attack for my first RE investment (don't want to screw it up).

also if they redeem they owe you what you paid plus statory interest which i think is 9%.. but you do any work past winterizing and you lose those improvements.

A quick search turned up 10 Things I Wish My Broker Had Told Me for an article which seems good, "Your First Year in Real Estate" and "The Millionaire Real Estate Agent" and many other books, and I don't even want to get sucked into Youtube finding examples :)I've heard that new agents sometimes get assigned (or asked to volunteer) for "desk duty" to handle walk-ins.

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