All Forum Posts by: Matthew Saskin
Matthew Saskin has started 1 posts and replied 73 times.
Post: Rentals - City vs Suburbs
- Chapel Hill, NC
- Posts 74
- Votes 29
It's going to be highly market specific. Our MFH properties in NYC generate fairly good cash flow and over the past 5 years have appreciated *significantly* (75-100%) - but that's a function of the time and the neighborhood.
By comparison, our MFH properties in the suburbs outside Raleigh, NC are not likely to ever appreciate in any meaningful way, so it's purely about cashflow (which is also pretty good...)
Long-winded way of saying it's not a just comparison to make until you're at the point of comparing specific markets to each other.
Post: Brooklyn Newbie
- Chapel Hill, NC
- Posts 74
- Votes 29
As everyone else has said, welcome. I'm a newbie here as well, but not to the Brooklyn real estate and rental market. I've been invested in the area (specifically Bushwick and Ridgewood) for a number of years now and it's treated me very well. I'm happy to share my experience and guidance if you have any questions.
-matthew
Post: College Student Looking to Start Early!
- Chapel Hill, NC
- Posts 74
- Votes 29
Originally posted by @James Wise:
@Account Closed
Welcome to the site.
An owner occupied 2-4 unit property would work great in your situation.
Only need 3.5% down with an FHA loan.
I'd second this statement. We bought our first home (which also happened to be an investment property) via an FHA loan - we were a few years out of college, but the point remains. Triplex in Brooklyn, NY, lived in one unit and rented out the other two. We lived in it for two years before moving elsewhere and that property still sites in our portfolio.
-matthew