All Forum Posts by: Andrew Jennings Freerks

@Joshua Morency I started out by househacking a 3 bedroom rental allowing me to basically live rent free for a few years while I saved up enough money to buy a condo.  Just make sure you try to househack in a desirable area where people will pay a high amount per bedroom.  Brooklyn, Manhattan and Western Queens are good areas for this and townhouses/ small landlords will probably give you the most opportunity.  After a few years you can springboard into a small multi-family or multi-room condo/ coop.

@Brian Cam I own and manage 4 properties in the South Bronx, including 3 2-family townhouses.  Want to jump on a call to discuss?

I can share my knowledge as well.  I own/ manage 9 properties in NYC, ALbany and Chicago.  Happy to help this get going

@Giuliano Ka I do have a few off market options.  One is located in Mott Haven and the other is located a little farther North in Morrisania.  I'll message you now

I'm always looking for good plumbers/ electricians.  Message me with your contact information and I will save it for the next project.  Just making sure you service the Bronx?

@Bruce Faulk  Upstate NY you can get this.  In B area's of Albany, NY you can get a 2 family house for $150K in decent shape.  As for your numbers, you could probably self manage, saving yourself some money.  Just find yourself a good handyman to call on when things break.  Happy to jump on a call to discuss further.

@Quentin Thiery great observations.  NYC can be expensive to start and or continue investing in.  We purchased 3 properties in the South Bronx, before deciding to give Albany a try, mostly due to the price point.  Due also Albany has several schools, hospitals and also all the state workers.  It is a nice trifecta :)  So far Albany has been very good to us, so drop me a line if you want to chat more about the Capital Region. 

@Samantha Simantiris welcome to the community.  I am a realtor as well and own a few places in the Bronx!

I am looking at a 2 unit property in Poughkeepsie this Friday with the idea to BRRR it. Has any BP members invested there and how did you fare? How was your tenant base? I am fairly seasoned investor, but this will be my first foray into the market there. Thank you for your insight.

@Adriana Orozco definitely looking for multi family, within 2.5 hours of NYC and priced under $1 million. Value add projects only. Thank you very much