Things To Consider When Buying A Multifamily Investment Real Estate Property in Brooklyn
Set A Return Quote that you want to achieve and understand the financial risk that you are about to undertake – understand that you will be running this multifamily home as a business.
NHS- Neighborhood Housing Services of New York offers classes that introduce residents who are interested in becoming property owners to financing, upkeep, tenant-landlord issues and other beneficial topics.
Get To Know the neighborhoods that your are interested in- attend local community board meetings- real local area blogs and newspaper – Find Community Boards in Brooklyn
Hiring a property manager or super- make sure that they are aware of federal, state , city and county housing laws as well as qualified to manage and maintain building.
Renting- run credit and background checks on tenants
Offer your tenents incentives
Hire an accountant
When you are ready to buy or sell a multifamily real estate investment property in Brooklyn
Call: Michele Cadogan
Fillmore Real Estate
Licensed Real Estate Associate Broker