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Investment Property

Started by geddyian
about 15 years ago
Posts: 5
Member since: Oct 2007
Discussion about
I'm looking to purchase an investment property, preferably in Queens or Brooklyn (prefer Queens). I'm looking for a co-op that I could rent out immediately (or could even have a current tenant). $300k or lower...whatever will yield the best for my investment. Is there a broker that perhaps specializes in this? Thanks!
Response by ab_11218
about 15 years ago
Posts: 2017
Member since: May 2009

here's a building that i know of in brooklyn.

http://streeteasy.com/nyc/building/2950-ocean-avenue-brooklyn

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Response by MrSuttonPlace
about 15 years ago
Posts: 155
Member since: Aug 2009

Do co-ops in Queens/Brooklyn let you rent the unit out at your whim?

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Response by MAV
about 15 years ago
Posts: 502
Member since: Sep 2007

Some brokers will not only find but also manage your property, but I think it is better to find an experienced manager (who is likely a licensed broker) who will find you an apartment.

What kind of returns would you like to achieve?

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Response by geddyian
about 15 years ago
Posts: 5
Member since: Oct 2007

Managing the property will not be an issue. I'm looking for a broker that really knows the area so if there is a broker that can help, please let me know.

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