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NYC Real Estate is Absurd

Season 1 Episode 437 Published 3 years ago

Description

New York City real estate has distinctions and quirks that you'll find almost nowhere else in the world.

Is it unreal estate?

This includes: super skyscrapers, air rights, apartments with doormen, co-ops, pencil buildings, and rent control.

Can you actually make money in NYC real estate?

Incredibly, the national or world capital of all these are in NYC: banking, finance, communication, advertising, law, accountancy, fashion, arts, architecture, media, and more.

1 in 18 Americans live in the NYC metro area. The population is growing.

Guest Beth Clifford joins us.

She has an impressive set of experiences, including on Wall Street, with startups, and as an international real estate developer. Beth is a former NYC resident.

Beth describes: how "air rights" are really development rights, pencil buildings, which apartments have doormen, and more.

There's a short-term rental arbitrage strategy in NYC where you could make money. But is it legal?

Join Thursday, Feb. 23rd's GRE Live Event for Philadelphia, Pittsburgh and Baltimore properties. Ask me questions live. It's free. Register now at: GREwebinars.com.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/437

Get mortgage loans for investment property:

RidgeLendingGroup.com or call 855-74-RIDGE

or e-mail: info@RidgeLendingGroup.com

Memphis property that cash flows from Day 1:

www.MidSouthHomeBuyers.com

Find cash-flowing Jacksonville property at:

www.JWBrealestate.com/GRE

Book recommendation:

Economics in One Lesson