Updated almost 18 years ago on . Most recent reply
New from New York
While I'm not new to RE investing, I haven't done anything in a while and I'm ready to go. My wife and I bought our 1st property(a 2 family) in 1998 and have rented it since that time never living in it. We cashed out on that property 2 times to help finance the building of our primary residence in 03-04. The rental property is currently breaking even, which leads me to believe I should do something to generate a cash flow. The rental property is in a great area of Queens, NY, so I am reluctant to sell especially in the current market. The rental still has a considerable amount of equity that I can pull out to do something else. The something else I'm not sure of(20% down rental properties do not cash flow in this area and I'm not crazy about going out of state, flipping is a possibility, since I have experience with building) This site has so much great information, thanks for having me.