I am originally from brooklyn and now live in staten island. Buy and holds seem impossible here. Also being a realtor i know that the people here are vicious... Any thoughts?
What makes you say buy and holds seem impossible? What's your target cap rate?
I am looking for at least 8. I know thats really high for the area. But I feel like for the time and effort, if I get less than that I might as well go with a reputable turn-key like Chris Clothier and Memphis invest.
Originally posted by @Joseph Pugliese:
I am realtor on Staten Island as well and to be honest to get 8 cap rate is very difficult in this area , but I sure it's out just have willing to invest in some of the areas with future upside in my opinion
I think the whole 5 boroughs of NY is pretty much low on cap rate.
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