What made you interested in investing in this type of deal?

However you will need to use the money as a down payment and partner with a lender to acquire and renovate.Lastly, I would say using the capital to begin a marketing company where you target distressed sellers, get properties under contract and then sell the contract to investors would be a final way I would use the capital.Hope this help you.

Have you found any creative ways to access capital quickly without jumping through endless hoops?

Or is this some other case? 

This post will be shorter than usual, but I’d love your insights.

This is a long term rental, correct?

Hello there, I am from NYC too just joined this forum.I started in queens and highly recommend it, not as expensive as brooklyn or Manhattan, good pool of excellent tenant base, diversity and etc, you name it.Stay away from 6-fams though.

(Don't ask how I buy these)Do you think it is still worth to apply this BLOC from the lender?

Some of you mentioned everyone staying upstairs, but this is actually a walk-out basement which where you would enter the indoor hot tub room and exit to the outdoor pool.

I'm not sure if this is the right place for this.