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Would love to chat with other investors in Poughkeepsie to share market analysis, trends, landlording tips, etc. I have a 7-unit in the City of Poughkeepsie and currently looking for another. If there's enough of us...
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My first investment property, so appreciate the feedback. Looking at 2B condos. Everything I'm modeling out is in the red so far...looking at Hackensack, Cliffside Park, Teaneck, and North Bergen. Thoughts on the assu...
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Hello,I bought a home in the Bishop Arts area in December 2021, one street south of Jefferson Blvd. A really beautiful home that was completely renovated which included an additional 15-20 feet of home addition to the...
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There is an REO I have under contract and still within my inspection period. I went down to city hall and discovered the additions on the home are unpermitted and violate setback rules. I cannot obtain variances sin...
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Recently, a mentor of mine did a flip in Lakewood and the property didn't have a garage or pad. He had both constructed (2 car), but said he didn't get much out of it as far as ROI is concerned. It seems that most hou...
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I had a tenant die (of "natural" causes I believe) 3-4 weeks ago. Apparently her son decided that her apartment, in my building would a grand place for a meth lab.I found out about the dead tenant and the lab in the s...
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Very weird situation we have got ourselves into. We purchased a major rehab building in New York about a year ago. The real estate agent was also in property management, ran his own PM firm and his family has run a c...
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Hello everyone, starting the process of buying a multi family I found this property that was zoned for 3 units, then re-zoned to 2 units but it currently has 3 units and three separate tenants.In other words it is a d...
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Hey BP!I am grateful to say I am being gifted some land upstate in the Liberty, NY area. It is just a few acres with an older cabin on it which needs to be rebuilt. No one in the family has visited in years and it has...
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Can you guys enlighten me with a breakdown of holding costs? What do you pay? The price of the loan, utilities, insurance, and maybe half a year of property taxes or so. What else is there?