All Forum Posts by: Noelle B.

@Bjorn Ahlblad we are not selling. We are cash out refinancing. The amount we'll be left with after paying off lender and debt is $300,000. I'm trying to figure out where I should invest the $$ 

I love everything about real estate. It's how I want to spend my days. It's not even so much about the money. Once it clicked that real estate was something I was passionate about, it became less about how much I make, and more about creating a life where I can find/analyze/purchase deals and improve the assets I acquire. Cannot wait to learn more! Just getting started. 

Hi! My name is Noelle and I'm an investor on Long Island in NY. 

My husband and I started investing a year ago and found some pretty great deals. Specifically, we did one flip and two BRRRRs, and we're on the "refinance" part of the two BRRRRs right now. 

Since we purchased the two rentals ~60% below market, we have quite a bit of equity. After paying off our private lender and the debt we've accrued to rehab the properties, we'll be left with ~$300,000. 

My question to the experienced investors on BP is: what would you do? 

To me, this is a relatively large sum of money to have and I want to make the right decision. Here are a few things I know:

1. We do not want to continue BRRRR'ing single family homes. It is our goal to move into larger commercial deals as soon as possible.

2. We are not afraid to invest out of state. 

3. We have a healthy appetite for risk in terms of taking on projects that maybe others wouldn't, but the equity needs to be there to mitigate this kind of risk. 

That's all! We're new and would love some guidance from other BP'ers who have been in the game, specifically commercial. What would you do!? Thanks!! 

I'm looking to buy my first property in NYC but I'm not sure where I should pull the trigger. What area will see the most growth? Can something like that be predicted? 

I think the most affordable thing to do would be to find a two bedroom apartment in the city our outer boroughs and live in one room, rent the other. 

I think buying a multi-family may be too expensive at this time in the market, and for my budget. 

I'm always looking at different properties in areas I think will see growth but how can I know for sure? Any advice? 

Neighborhoods I've looked into: Hudson Heights, Riverdale, Jamaica, Queens (anywhere in Queens really... but then I ask myself, where exactly?) 

Thank you!