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Updated over 4 years ago on . Most recent reply

Raymond Armani's profile image
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Raymond Armani
  • Flipper/Rehabber
  • from Kirkland, WA
  • Member since Jan 13, 2021
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Raymond Armani's profile image
Raymond Armani's profile image
Raymond Armani
  • Flipper/Rehabber
  • from Kirkland, WA
  • Member since Jan 13, 2021
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Raymond Armani
  • Flipper/Rehabber
  • Kirkland, WA
0
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General Real Estate Investing

Purchasing condo/apartment in New York

Raymond Armani
  • Flipper/Rehabber
  • Kirkland, WA
Posted

Hi, wondering if anybody has ever invested in New York. Looking to purchase an apartment studio in Manhattan that’s around 250K. My plan is to rent it out. Has anybody invested in that area I that can give me some advice?

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Alexander Szikla's profile image
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Alexander Szikla
  • Real Estate Agent
  • from New York City
  • Member since Jan 23, 2020
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Alexander Szikla
  • Real Estate Agent
  • from New York City
  • Member since Jan 23, 2020
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Alexander Szikla
  • Real Estate Agent
  • New York City
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Alexander Szikla
  • Real Estate Agent
  • New York City
Replied

Small apartments in Manhattan will have high monthly fees, typically, in comparison to the rent. Better to use that money on a 2-3 family in an outerborough where your margins and yield will be far superior.

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