Is a Rent Control building worth the investment

Upstate New York, New York
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Is a Rent Control building worth the investment

Janice Mae
Member since 2025 · 2 posts · 0 votes

I'm thinking if purchasing a 2 family house in NY. I'll live in 1 apt but the 2nd apt is rent control. Is it worth investing in a rent control building or focus on free market apt. home?  

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  • Clayton Silva
    Lender · CA · Member since 2018 · 638 posts · 393 votes
    1y

    Generally speaking, unless you have a huge bankroll and a verrrry long time horizon, rent control buildings ought to be avoided.  Most investors do not have the ability to eat the short to mid term losses long enough for the purchase to be worth it.  As a general rule of thumb that is.

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  • Peter MckernanBusiness Member
    Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
    1y

    If this is your first deal, no... If this is your 50th deal it is not bad if you know how to manage it and handle the management of the property or have a great PM to do that. 

    The McKernan Group4.957 Reviews
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  • Janice Mae
    OP
    Member since 2025 · 2 posts · 0 votes
    1y

    Thank you! 

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