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So i now own a 6family unit in Yonker New York. Unfortunately I’m not getting anything higher than 1300 for a 4 bedroom from place that is literally 5 minuites from NYC. I have one guy on rent control paying 700. And ...
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Hi all!Hope everyone has had a great start to their week! For those that have purchased small multi-family (under 4 units) - if those properties cash flowed well and you bought slightly under market - did you have a p...
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I am underwriting a self storage property which apparently stays around 80% physically occupied year around and seems charges market rates. Based on population in 3 and 5 mile radius, it seems market has only about 2...
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This is SmartAsset’s eighth look at the best housing markets for growth and stability.In this study, SmartAsset investigated the housing markets that are best for growth and stability, comparing home value data in 400...
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Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $2,050,000
Cash invested: $750,000
We purchased this 32 unit complex for $64K a unit when they trade...
Hi, I would like to ask the well of wisdom that is bigger pockets if anyone has heard of or has experience with converting a nyc 6 family building into a 5 family to get out of rent stabilization. These buildings typi...
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Hello all,I am currently analyzing a 9-unit MF in Manhattan. 8 out of the 9 units are rent stabilized, which really affects my cashflow. I know you can convert RS to FM by giving in writing, a note stating that you wi...
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As the title says, curious how long others are seeing in their area to stabilize a SFR in a C neighborhood. A smaller SFR I purchased a year and a half ago took about 12 months to stabilize. It already had a tenant wh...
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It seems that the new Rent Stabilized bill that was signed into law last week by the Governor makes it impossible to make money off rent and do a condo conversion. Any ideas? Now "51 percent of tenants in the building...