Buying A Multifamily Property in Brooklyn, NY| Real Estate Investing | Jerry's Two Cents

What's good yall. It's been a while, but I'm back with another video to show yall some of the steps to buying a multi-family property. This description is based on my personal experience recently buying a property in Brooklyn, NY, however, I believe this advice can also be used when buying in several other markets.

In this video, I go over a couple of the main things you should consider when purchasing a multi-family property, but I did not go into every single last detail, cause that would've been an hour-long video damn near.

PLEASE supplement this video with the advice of a real estate agent, loan officer, or anyone else you trust who is knowledgeable within this space. YOU WANT TO MAKE SURE YOU GET THIS THING RIGHT THE FIRST TIME!

Also keep in mind that the interest rate benchmark was still at zero at the time I was buying and has gone up since, so you definitely want to consider that if you're going into the buying process yourself.


Video Breakdown
0:00 - Intro
2:39 - Research the Location
4:52 - Find a Lender
9:48 - Make an Offer
12:21 - Close on the Property
14:06 - Deal Analysis
20:06 - Outro


Other resources + info/credits

Investment Property Calculator: https://financialmentor.com/calculator/real-estate-calculator

Supplemental Articles: https://www.investopedia.com/articles/investing/110614/most-important-factors-investing-real-estate.asp

https://www.investopedia.com/investing/8-things-consider-buying-twofamily-house/

https://www.investopedia.com/articles/mortgages-real-estate/11/how-to-value-real-estate-rental.asp

Sweater: https://www.visionarysociety.co/shop/navigation-knit-crewneck (IG: @visionarysociety) - https://www.instagram.com/visionarysociety/

Recording Done By: Jeramey Hampton (IG: @hampnyc) - https://www.instagram.com/hampnyc/

Background Music: https://www.youtube.com/watch?v=ap2YU7TKIUo (Saint Bernard)