Since you’re renting out a furnished basement in Long Island, NY, you’ll want a proper lease that covers both standard rental terms and specifics for a furnished space.Easiest option: check out eforms.com or lawdepot.com — they both let you build a New York lease customized to your setup.

But here’s the catch:In New York, the official process for nonpayment of rent requires a 14-day Rent Demand, not 10.

Even in landlord unfriendly states (I invest in upstate new york), it won't be a huge issue provided you do a good job documenting everything, know the law, build a thorough lease on what is and isn't allowed, screen your tenants, keep your building habitable and safe, and run your business professionally.

Hi BiggerPockets Community,My name is Dana, and I’m currently diving into the world of real estate investing with a focus on wholesaling in the New York and New Jersey markets.

Lately, I’ve been noticing more investors focusing on affordable markets where properties are under $100K — places like parts of the Midwest or smaller cities in New York.

May sound a little shocking but in many states right now you can be making double your passive income if not triple.I have investors in states like Texas, California, New York, CT and other that are selling or taking out equity through a cash out refinance to buy in states like Indiana, Ohio, Tennessee, Florida, AL, NC, SC and a few others.

I don't have a lot of advice specific to New York, but rather the college area piece of things. 

Real estate data analytics company ATTOM said in a May 29 statement.Zombie homes, which can fall into disrepair and negatively impact the value of other properties in the neighborhood, are a sign of distress in the housing market and the broader economy.According to ATTOM’s analysis, Peoria County in Illinois ranked at the top in the list of U.S. counties with the highest zombie foreclosure rates.Those counties include: Peoria County, Illinois (17.6 percent of properties in the foreclosure process are vacant); Broome County, New York (13.8 percent); Cuyahoga County, Ohio (11.2 percent); Baltimore City County, Maryland (10.8 percent); Marion County, Indiana (10.5 percent); Lucas County, Ohio (9.9 percent); Allen County, Indiana (9.8 percent); Saint Louis County, Missouri (9.6 percent); Pinellas County, Florida (9.3 percent); Vanderburgh County, Indiana (8.7 percent). 

I am Sharon Jacas, of New York, and I've have also been investing with Beckstone Partners Notes under 3 different entities. 

Despite Treasury yield volatility throughout 2024, cap rates remained steady with industrial and multifamily sectors even experiencing slight declines.After a 51% drop in transactions during 2023, CRE sales volume rebounded 9% last year — signaling improving investor confidence.The New York City multifamily sector presents a particularly interesting story.