All Forum Posts by: Christopher Fasheh

All your replies are appreciated ! Thank you

Good evening everyone, 

I'm not sure if this is a highly discussed subject on bigger pockets. I know that it is illegal to use airbnb in Manhattan mainly. But does anyone know if it's legal to rent a private section of your one family home that you live in, in the area of Bayonne, NJ ?

A client of mine was fined by the city of Bayonne today for renting out his basement. Is this new? is there a way around it? 

All responds are appreciated. 

Thank you

@Dion DePaoli Thank you Dion 

@Tim W. Thank you Tim 

Hello all,

I'm so excited this is actually my first discussion on BP. I need help pricing out a rented 21 Unit condo in Bayonne, NJ. 

The building has 21 units 1 bedroom and 2 bedroom, gross income is 190k. 

The building is rented out in full with 0% vacancy. Income after expenses is only 45k. 

Obviously the building is miss managed and has low rent cash flow, some units are rent control. 

What is the best way to price the building? Should I advise my client to convert the building to condos and sell them individually for best return?

Hello @Ibrahim Hughes

I went to your website, I couldn't find any inventory. How can I see what you got for sale?