haaaeeelllllppppp!!!!!!

[eve_32]

You may be able to go to nyc.gov and see if there are any links to the city planners office but this past may there was a brunch given at NY Law school detailing the city planners layout for the city it was on channel 75, I think. I know in one area of the Bronx they are putting up all new 2 family homes to keep it residential. Once the new arena in Brooklyn goes up thats it for Brooklyn, it will soon become congested like Manhattan. Not to mention a lot of people will have to move because of so there will be a lot of apartment hunting going on soon not just in Brooklyn but in all the 5 boros.  Try asking your real estate agent for some info, I mostly know the plans for manhattan and brooklyn!  Good Luck!!!

[karlakr]

"could you point me those sources. i would love to show them off so that people out here don't think i'm crazy investing in that area."

"i have a dream...and its the bronx"

You go, afterdigital!  Do people criticize your choice of location?  I think the most precious thing about REI is that everyone can have their own little niche.  After all, if we ALL wanted to invest in the Bronx it wouldn't work......

You've got a plan!  That's more than I can say for half the people out there who have been reading books for years and attending seminars who have yet to buy a property!

I love it!!!!!!
K in A

[Matt_In_Texas]

Why is this prime 500k propery vacant?

[eve_32]

Most people in NYC, especially if they are investing to flip, keep the properties vacant to avoid the headache of tenants.  Most purchasers especially in the city prefer the property to be vacant so that they can put their own tenants in there.  I was selling my house in Brooklyn and the most frequently asked question was will it be delivered vacant!!!!

[karlakr]

Why is this prime 500k propery vacant?

Also, a lot of investors buy rental property and don't know what they're doing - therefore can't keep a place full.  They basically give up and sell.  Don't know this situation first hand, but we've run into that several times.  Actually have got some of our best deals that way.

Better vacant than with dead beat tenants!!!!!!!!  :o

One of the conditions of our purchase agreements is always that we have the right to begin showing/leasing/rehabbing the property once the offer is signed - prior to closing.  Of course that can pose a risk, and we don't always act on it, but there have been times when we've had a tenant ready to go, move in on the day of closing and we have no vacant days!
Karla in Amarillo

[afterdigital]

"could you point me those sources. i would love to show them off so that people out here don't think i'm crazy investing in that area."

"i have a dream...and its the bronx"

here Karla

http://161.185.1.156/html/nypd/pdf/chfdept/cs040pct.pdf

these stats are for the 40th precinct in the south bronx.

The other stats i managed to get by a website that provides neighborhood information as welll as comps in the area and a lot of other goodies - for a charge of course..... i got all this info on the trial basis.... the site is called PSHARK


Where do you live? I live north of the Bronx and look forward to being part of the revitalization......

regards....

[telarsen]

You're gonna be a "don't wanter" in about 6 months - too thin a deal, with too much work needed! If you could have stolen it for $370 like the current owner then, yes - go for it! You are getting in too deep for your first deal - keep looking!