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In NYC, there are MFs for sale. the problems are: they are expensive... like a 2% cap rate if you're really lucky, and many are rent stabilized. I'll be looking at a possible 6 family investment tomorrow. Every unit ...
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Hi, I just wanted to know if any of you had any information on raising rents on six families in New York. I have deal at the moment with low market rents. I want to go ahead and rehab some units but need to factor the...
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Does any one know if rent stabilization applies in a 6 unit build in NYC with the owner living in 1 of the 6 and renting out 5 units?
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Hey BP,I'm looking to close on a 3-plex (3 flat) in Chicago in the beginning of December and doing an FHA full 203k rehab of the property.One of the items we are upgrading for long term buy and hold stability is the f...
Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $1,500,000
Cash invested: $3,400,000
Sale price: $5,400,000
This was a ten unit rent stabilized building...
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A.How does one determine the best strategy once we’re fully leased up:1. Hold 2. Cash-out-refi and hold 3. Sell4. OtherB.Not sure if I should create a fund of investors to increase my CoC, or just fund it myself. Thi...
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Good afternoon folks, In my daily analyzing of deals i came across an interesting deal that i'm not sure how to project 5yr, 7yr, 10 yrs. All 14 units are rent stabilized, and rents are significantly under-market. No...
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Hi all, I recently moved to Las Vegas. Currently in market for a primary residence but also looking to buy SFH rentals in the coming months and finally start my real estate investing journey here. Do any of you local ...
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Hello, I am an investor in NYC looking to get end-to-end consultation and advice on how NYC's department of housing rent stabilization works on multi-fam units greater than 6. I want to invest in properties in the 5 b...
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Hi, new member here on BiggerPockets and first time posting on this Forum.
I’m a young RE investor owning mainly 1-3 family housing all at market rate rent via Own and Hold strategy in Queens, NY. I currently manage...