Real Estate Modeling Course

  • Real-life RE Modeling Tests from actual Interviews
  • Various asset classes including multi-family, commercial and more
  • Huge discount - until more tests and cases added

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300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

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Mar 15, 2021 - 2:52pm

Why would anyone buy in NYC? It is so tenant friendly. Good luck spending all your $$$ on legal fees while you wait 12+ months to finally kick the tenant out that hasn't paid since they moved in. 

Mar 15, 2021 - 3:03pm

Christian12

Is anyone building a personal portfolio of properties in NYC? Now seems like a good time to get into the market as I am seeing 5-6 unit MF buildings in the outer borough's trading for as low as $125K/unit and 6.5% -7% CR's.

What is the business plan?

Mar 15, 2021 - 6:39pm

Depending on FM or RS, if you wanted to be more aggressive, you are renovating FM units and raising rents, separating utilities, etc. At $125K/unit 75% LTV these properties are actually cash-flowing from day one even with the 15% - 20% discounted rents which in my opinion is short-term. For RS, there's not much you can do except hold for long term and bet that the tenant protection act laws will eventually be loosened or reversed which will immediately increase value to RS buildings.

Mar 16, 2021 - 9:14am

Christian12

Depending on FM or RS, if you wanted to be more aggressive, you are renovating FM units and raising rents, separating utilities, etc. At $125K/unit 75% LTV these properties are actually cash-flowing from day one even with the 15% - 20% discounted rents which in my opinion is short-term. For RS, there's not much you can do except hold for long term and bet that the tenant protection act laws will eventually be loosened or reversed which will immediately increase value to RS buildings.

FM units don't trade at that level.  He's talking about rent stabilized assets.

Mar 17, 2021 - 3:43pm

Hey Christian, I saw your posts a while back talking about flipping duplexes and what not. Which markets did you start in? Looking at northern nj and rock land county but I feel like going 2+ hours out to break even is tough (I know it builds experience and helps your credit profile)

Mar 18, 2021 - 9:44pm

Curious to know which part of the outer boroughs you're seeing this CR's. I am hearing about those rates in Upper Manhattan North of W160, The Bronx and parts of South Brooklyn, all areas where collections have been tough.

In Western Queens and North Brooklyn I am seeing RS deals creeping up to a 5.25-5.5% CR but rents in those areas have dropped by 15-25%. My experience this year so far is high vacancy in the mid-market (~$1,800-2,000 for a one bed) due to downward pressure from the new buildings who are now giving 3 months free brining a $2,800 apartment down to a net effective of $2,100-ish for a new building with amenities etc.

Multi is ugly times ugly right now in NYC.

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