Nah it was good video bro. Im from south side jamaica queens, sittin here watching this in brownsville brooklyn at work. You already know how impossible it seems to grab a multifamily in NY. Beyond discouraging. But this motivated me! Where there’s a will…theres a way. Hope that deal turns out as successful as you and your brother vision it💪🏽

Broke it down soo well and was super inspirational too. Its amazing to see you and your brother do it and know that its possible. Very motivating

@jerrystwocents7273

2 жыл бұрын

Appreciate that bro. Its def possible and I hope you can get it done yourself one day. Glad you liked the video 🙏🏾

Keep killing it brother !!!

Great video filled with gems! Can’t wait to see more 🤝

@jerrystwocents7273

2 жыл бұрын

Appreciate it my guy! More to come 🙏🏾

Amazing Bro, love this for real🙌🏾🙌🏾🙌🏾

@jerrystwocents7273

2 жыл бұрын

Appreciate it bro! Glad you liked it 🙏🏾

This video answers so many questions! Thanks!

Awesome video ! Thanks for the details. I’m looking for a two family in NY so this helps

@jerrystwocents7273

2 жыл бұрын

Appreciate it! Glad you found this helpful 🙏🏾 . Wishing you luck on your homebuying process btw! Hopefully you can get all of that situated before interest rates get too high. Let me know if you ever have any questions.

Amazing video!!🙌🏾

Nice job! Congrats on your investment property

great advice!

Good video. Thank you.!

Great job guys .. what a video... Very inspiring... I am also into buying multi family in Bay Area California. You are so right that need to find a good lender. I am still looking around the lender. Do u have any contact info of your lender that fund your deal?

Great video. I'm curious how's your experience been 6 months later?

Thanks for the video man! Can you tell me who’s the small lender who made your FHA?

Congrats fam 🏠🏠🏠

@jerrystwocents7273

2 жыл бұрын

Appreciate it my guy 🙏🏾

My guy 🙏🏾💪🏾💪🏾💪🏾

@jerrystwocents7273

2 жыл бұрын

🙏🏾🙏🏾🙏🏾

Not bad! Closing and Downpayment was approx 18% of property!👊🏿

Do you have a link to access the excel sheet you used for the analysis?

Truly educational and inspiring fr congrats 🙏🏾 1.5 mil in cash was crazy tho 😂

@jerrystwocents7273

2 жыл бұрын

Appreciate it bro 🙏🏾 and son! Someone having that much in cash blows my mind everytime lmaoo

@by.tranquility

2 жыл бұрын

@@jerrystwocents7273 Odee blows minds 😂

Hey Man great video. I am a landlord in Brooklyn and queens. Be careful all basement apartments are illegal in nyc. One violation from NYC DOB and all profit is gone and a paperwork nightmare.

@compoundmaintenance819

Жыл бұрын

Also if you have one in laying tenant or a vacancy every month this building will cost approximately 2500 to carry it

@wendygjohnson2062

10 ай бұрын

From the outside I see 4 meters. So maybe the basement apt is legal in this multifamily house.

@Jerry's Two Cents what income ranges do you guys have so I know that I can qualify like you?

Great video! Give us an update!

@jerrystwocents7273

Жыл бұрын

New video out now! kzread.info/dash/bejne/h3WpmZWbecy6ops.html

Gems For DAYS.

@jerrystwocents7273

2 жыл бұрын

🙏🏾🙏🏾🙏🏾

Hi thank you for this nice video. Do you have any suggestions for lenders?

@jerrystwocents7273

Жыл бұрын

Hi, thanks for watching! Smaller lenders are the way to go in my opinion if you don't have at least a 20% down payment. We wanted to go with rocket mortgage initially, but they turned us down cause we were only able to come up with 10%. Smaller lenders usually have higher risk tolerances but that may or may not be the case now with the rise in interest rates.

Down payment and closing cost was only $250k for a 1.55 mill multifamily 0.0 I thought they would ask for more. I have been looking at properties in Brooklyn since I been waiting for my huge settlement. I thought I would only qualify for 1 mill because my lawyer told me I should get the lowest 230k so I been looking at properties that are 1 mill and less. Was this a owner occupy multifamy ? Ok I just saw you got an fha loan so no doubt it was

In regards to the FHA loan, does the buyer have to live at the property for at least a year?

@Nelson-ys8pm

2 жыл бұрын

Yes, he has to live in one of the units

JP HAITI KID #1🇭🇹✊🏾. Let me come to BK I want to do an interview with you guys for both our KZread Channels, I would love to collaborate with my Haitian family. Let’s get it Bro 😆🤝🏾

What are your thoughts on Crown Heights? I have a 10 unit there but with the “tenant first” laws, It is a struggle to get consistent rent from certain tenants and it is hard to evict them. I believe that there will be significant appreciation in the long term but at the same time, that money can be making me more money instead of sitting there.

@mrsalt3337

2 жыл бұрын

Those laws are no more. Now I am taking everyone to court and winning.

@_LeoGayle_

2 жыл бұрын

@@mrsalt3337 Thanks for the feedback. Was this recent? I heard that the court was backed up

@sarahdickens4894

Жыл бұрын

Register the units to the city and you definitely will get you're money

@sarahdickens4894

Жыл бұрын

What was you're credit score and did the lender also gave the closing cost and the down payment?

@mrsalt3337

Жыл бұрын

I would not invest in CH. Consider how people get there. It has a limited number of avenues for flowing-business, say compared to South Park Slope or even Clinton Hill. Besides CH has less Masonry buildings, and there will be a material reckoning for the style of construction and how long they last.

👍🏻

@jerrystwocents7273

2 жыл бұрын

🙏🏾🙏🏾🙏🏾

here from Twitter.

@jerrystwocents7273

2 жыл бұрын

Thanks for stopping by! Hope you liked the video 🙏🏾

I am in Bedstuy. 🤑🤑🤑 Malcolm X Blvd!

@jerrystwocents7273

2 жыл бұрын

Oh you getting money! Let me hold a dollar lol 😭

@meallionaire

2 жыл бұрын

Meaning you own a multifamily unit over there? 👀👀👀

Good to see some brothers investing in property, instead of strippers, gold-diggers and ice ! I live out here too and I wished my brother and I could get tht bag, but his mind aint there. He would rather work for somebody, than start his own, so I am looking to replace him.

@donbullrules

6 ай бұрын

lmaoooooo looking to replace him is crazy

I heard New York is not a friendly landlord state

@sarahdickens4894

Жыл бұрын

It's not

Have you verified your statement that your lender asked you for a "bunch of things" they would not ask of a white applicant? If you have verified that statement you should be seeking damages against the lender and possibly be a class action Plaintiff. If you have not verified the statement you should not make it or at least make it clear that it was your unverified believe or "feeling" . Please be careful with your platform.