I left NYC, but it’s not what you think 😉! To get what you want, sometime we’ve just gotta take a little detour. Excited to be back and show what I’ve been up to.
You have different people and cultures in Chicago too. And Baltimore is more crime ridden than NYC. Just curious, you don't mention the investment cost and how much it cost to upgrade the house.
Yes each city has its challenges and benefits. I’ll be going over all of the numbers and renovations in upcoming videos starting next week for each of the houses 😉
My Jewish great grandparents and my West Indian grandparents invested in Manhattan real estate when they came to the United States. They both lived among the people who rented from them. Their hard work and sacrifices while they pursued their own personal and professional goals made all the difference in the lives of their children, grandchildren and great grandchildren. I am so happy for you. Be blessed. ❤❤
@@TravelerSanna What a great sacrifice they made to secure a better future for their family! That’s exactly my goal. A little sacrifice now for a lot of freedom later.
The best way to predict the future is to create it. You’re not only a serial entrepreneur, you’re a “multi-potential-ite” . All the skills you’ve learned are transferrable across your various business ventures. Love your channel! And hearing about your journey.
Congratulations!!! At 47 I am starting over, I went from 26 yrs in the corporate mortgage industry to becoming a mental health therapist. I'm excited to follow your journey and take notes. Born and raised in Philly and looking to make a big change by the time I am 50.
Love the back story and the other businesses you started! What a great journey, and yes, you're just getting started and well on your way! I think you'll beat that goal and then some! Cheering you on!
Congratulations on your decision and significant progress since that point! We both seem to have a similar background, growing up in New York, the moving, working corporate, but ultimately having an insatiable entrepreneurial itch. I've been an Amazon seller for years - mentored by Kevin David, finally starting a RUclips channel (several now) and also investing in real estate. I look forward to seeing more dope videos like this one from you going forward (just don't make us wait a whole year again, lol). God bless you, your family, and your vision.
Super proud of you! Praying that God will continue to guide you on your journey. Your willingness to be transparent is inspiring for all women. Keep growing; we’re cheering for you. 🙏🏽
Welcome back, Nyasia! It's been a minute. Lol.😃 It's good to see the notifications still work. I'm looking forward to seeing your real estate investments in Baltimore and can you also update us on your place in Joshua Tree? Thx.
Thank you!! Excited to share this journey. Re: Joshua Tree. I cancelled that project due to other investment opportunities. When I do go back, I'll be looking for a renovation project either in Joshua Tree or Palm Springs :)
I have missed you! I've stopped by regularly to see if you posted anything. Congratulations on your new adventure! I can't wait to see what you grow there, good luck!!!!
I'm so proud of you, you are doing absolutely amazing things in life!!! I love how you didn't allow a missed opportunity to affect your potential, that's such an inspiration ✨️!!!! I will ready with my ☕️ for your future videos.
Currently in the same Boat. Lived here all my life but as a 25 year old living on my own…. I can’t live comfortably. It’s ridiculous. I’m looking to move to the Carolinas in a few months. I would love to stay here but I won’t be able to really start my life and have a family comfortably here. All of my friends are leaving. Ridiculous.
Welcome back! Originally from Chicago, I lived in Brooklyn for 15 years. Due to covid and job loss I moved back home. I miss NY dearly but I don’t think i’ll be able to afford it again. Chicago is a great city as well and a lot of East coasters are moving here…. you get a little more for your money. I advise anyone to check out the market here too.
Why are you videos RIGHT on time. My husband and I own a few properties in the District of Columbia. Before buying another property in the District, we both checked out Baltimore and feel in love. Due to the commute, we decided not to do it but have learned we totally could. Interested to learn more about your flip - and exploring if some of what you share might work for us!
Congrats on your investment journey so far! I thankfully still live in NYC and just Invest in Baltimore. I went back and forth while the renovation projects were happening because I wanted to learn the entire process. It's about a 3 hour drive for me. The lower barrier on entry in Baltimore is what makes it appealing for investing, but not sure if it would be a downgrade for you as far as quality of life if you actually lived there instead of DC. Especially if you can afford DC! I bought 4 different houses in 4 different neighborhoods. The flip was in Butchers Hill. Can't wait to show the entire process!
I have a rent-stabilized luxury 1 bedroom apartment w/all the things, and I still think about moving all the time because EVERYTHING is too expensive, there are too many people, and my age demographic doesn't fit in.
I left NYC (Manhattan) in 2020, just needing a break from the pandemic craziness. I'd lived in Manhattan for 20 years. Meant to go back (and I do really miss it), but watching from "afar" (Midwest), I don't think I could afford to live there anymore, and with the crime spike it just doesn't seem like the pre-pandemic NYC I remember.
I understand why people leave. I believe there are more people here now pre 2020. I chose to stay living in NYC and invest in real estate in Baltimore. Don't plan on leaving NYC any time soon...but wanted to make money in other places.
We missed you here! Congratulations! I discovered your channel in 2021 I believe just because I was fascinated with NYC apartment costs. Looking forward to seeing this journey!
I'm so with YOU!!!! I had to leave Manhattan back to Brooklyn just to be able to afford life. I'm a female professional and I couldn't afford to live in Manhattan. I spoke up to the Community Board alerting to this situation three years ago!!
I hear you...it is becoming increasingly more expensive year after year. I still actually live in Manhattan / NYC. I decided instead of moving from the place I love, I was just going to earn more money....which is why I started to invest in real estate in Baltimore. Everyone's path is different, but thankfully you're making it work in Brooklyn!
@@NyasiaC this is so inspiring to hear. Because I live in nyc & am looking into opportunities to relocate to Baltimore, because there are so many opportunities there with home ownership
@@amab1853 that sounds great! Remember, you don’t have to move/live there to take advantage of the housing opportunities..you can just invest there. But if you do decide to move, there are some great properties and neighborhoods as well depending on your lifestyle.
congrats.. I just found your channel and glad i did. I too left the busy life in NJ and moved south and became a real estate investor. Took advantage of cheap property and made them homes for others. best decision ever. i look forward to seeing more of your journey
You came across my mind a few weeks ago & here you are. You look Amazing ❤ I'm not surprised that you're doing the thing 😊 God Bless & will be tuning in. Take care & Be Safe!
Omg! I followed you on my old channel, so I was pleasantly surprised to see you pop up on my RUclips homepage on my new channel. So happy to see you making videos again, and I'm excited to watch your journey!! 😊
Yassssssssssssss Nyasia is coming to Baltimore. 🎉❤🎉! Oh how I’ve missed you in these RUclips streets 😂. I’m on the outskirts or Baltimore because I’m not a city girl but hopefully we run into each other. 🫶🏾
Hey Nyasia! Fellow real estate investor here! Around the 6:00 mark you mentioned something regarding capital gains tax after taking loans out on the property. Wanted to make sure it was clear that taking loans out on a property does NOT impact the cost basis, and therefore has no impact on the amount of capital gains you would have to pay. Let's say you buy 1M of real estate that appreciates to 2M after 10 years. You take out a loan for 1.5M. Without factoring in any depreciation, your GAIN remains the 1M difference between your purchase price and eventual sales price. In your case, you will have the 4M loan on the 5M of properties, but some of that money would be owed in capital gains tax (somewhere between 20-30%) if you sold. Otherwise, amazing plan, and good luck!!
Hey my fellow investor! For the purpose of simplifying this first video, I didn’t mention that I would attempt to first sell on a “contract for deed” similar to a lease option which the deed would not actually be transferred until the buyer paid the full balance. That would of course take years and prolong the tax liability to which I might be long gone in the grave by then and it’ll be my kids’ problem 😉 My last 3 deals were creative (sub2, seller finance), so I’d try a creative deal first before an outright sell.
Yep, exactly! These imaginary kids will be lucky to get anything lol. I don’t believe I’m handing kids a free ride with paid of properties. They’ll get 20-30% equity and will have to work to maintain it just like I did.
NYC sucks ..now there adding tolls to enter Manhattan , so I’ll be boxed into Brooklyn , Bronx or queens , or pay to go to work !!! ..already feel like I’m driving on a tight rope with all of these speed cameras …and pot holes destroying my car !!!!
Welcome to Baltimore Nyasia. I love New York and I am always in Harlem. New York has gotten incredibly expensive over the years. Baltimore has a lot of beautiful hidden gems neighborhoods. Unfortunately, outsiders think it all looks like the Wire. Anyway, welcome. I wish you the best of luck on your real estate investing here.
I agree, there are nice neighborhoods in Baltimore that people don’t necessarily see in the midst of the other elements. Thankfully, it has served me well so far.
@@NyasiaC Be sure to look into some of these investment neighborhoods….Charles Village, Waverly, Barclay, Northwood, Remington, Hampden, Reservoir Hill, Marble Hill, West Hills, Beverly Hills, Montebello, Ashburton
I agree😂 I lived in downtown Greenmount Ave ( Where Tupac grew up). Some areas🤯 you drove down was like night & day. Brooklyn, NY couldn't look that bad in some parts of B'More! By the time I moved back to NY, pregnant with my first born daughter in 2005 it started to gentrify.
The outside events wouldn't impress me when I had to go home to a prison-cell-like "home" and lug bags of clothes up and down stairs to get them clean.
As a fellow realtor that owns two investment properties in Baltimore near John Hopkins that I rent out via midterm rentals I approve this message. You go girl let's get this money I've had my Airbnb since 2020 and 2021 and they have been the biggest blessing. I left corporate America after the cervical spine surgerythis past October and life is good. Thank you for sharing your story more people need to know about the power of investing in real estate.
So proud of you! One of my properties is in Upper Fells and one of my flips was in Butchers Hill. That’s why I wanted to film and show this journey…investing is so important for our future! Send me an email if you’d like to be featured in a video touring one of your Baltimore properties and talking about your story. They need to see more of us women out here doing this 😉
Thank you so much and I am very proud of you as well. Those are two of my favorite neighborhoods. I love the brown stones in Butchers Hill. Kudos to you for renovating them. I bought both of mine newly renovated and the investor I purchased them from ended up becoming a client of mine. One day I may renovate a property, but I cannot wait to watch your journey! Notifications ON!
Hi Nyasia🤗 Welcome back! I was wondering what happened to you. Congratulations on your new home and location choice 👍🏾 I live in Boston, but the prices in NY are insane!!
I'm from NYC and owned a brownstone in Brooklyn with my father we sold it and that was my introduction into real estate investing. I also went into wholesaling and fix and flips later on. I currently live in Dallas, TX and will be starting my own real estate syndication company buying and owning multi family and other commercial real estate asset classes as well collaborating and doing real estate development projects. You might want to look into apartment syndication.
Congrats on your deals! I have wholesaled and flipped as well. My current goal is small multifamily that I own individually, but that could change in the future. I know syndicators are hurting right now with these high interest rates, but hopefully that'll change in the near future.
@@NyasiaC I’m not sure that syndicators are hurting right now. I disagree. Unless there are syndicators who know little to nothing about the market but that is very rare. So far what I know brokers want to make sure you have an investor or guarantor to ensure that they can help your business to make sure you don’t fall behind your mortgage payment. Also it depends on the property as well. Right now industrial real estate portfolio doing better numbers than multi family. Other options such as student housing or senior retirement facilities are doing well too. Especially when you are reaching out to investors to raise capital or reaching out to lenders for a loan who most likely checking the underwriting and doing the due diligence making sure the numbers make sense. If you are a new operator in syndication, generally it’s good to partner with experience general partner who can assist on helping the syndication business and bringing investors onboard or help purchasing property through a lender. As well as being a passive investors or invest in multi family REITS. You can start as an active investor as well. Alternative there are also the creative finance to purchase off market multi family properties from the seller. I will most likely start with smaller units and work my way up. I do have strong background financial investment and economics. I am very aware of the current trends in the market right now. Important numbers to keep in mind investing in multi family properties or other commercial real estate assets NOI (Net Operating Income), Cash on cash returns, Cap rates knowing the difference between high and low cap rates. Most investors prefer high cap rates due to higher returns and value add opportunities on a property, and the IRR (Internal Rate of Return). Definitely know how to analyze real estate financial model, underwriting, and pro forma. There are a modeling as well stick the basis and continue work your up. Additionally, understanding market analysis, debt, equity, deal structuring, cost segregation real estate law and acquisitions. I can talk about this all day. Oh yeah economic indicators. Don’t want to bored you but I hope this information helps.
I went to Johns Hopkins. I almost bought a place in Baltimore, but got turned away because of the uptick in crime. I really want to return, I think I will soon! Great video.
Thank you! Yes it is quite a challenging place to navigate. I still live in NYC and decided to only invest in properties in Baltimore and rent them to tenants.
So happy to have found your channel and what an inspiration you are for young women. I'll be 65 this winter and am also a serial hustler. I left the US 5 yrs ago but will be returning later in 2024. I'm in reverse culture shock at the unbelievable prices of everything! My daughter and her family live in New England, my BFF lives in Philly and other friends and cousins scattered about that DMV area. I am looking at Columbia MD or outer B' More area for a rental. I will then look at real estate opportunities. My family was in Real Estate and I wish I had pursued it earlier. I look forward to your videos.
Thank you so much and congrats on your upcoming new journey! Columbia MD is HOT right now. Taxes in Baltimore City are a killer, but has opportunity. Outside the city has value due to lower taxes amongst other things. There’s no age limit on success, so I’m sure you’ll be fruitful!
@@NyasiaC Thanks for the tax info. Yes, outside B'More would be my preference. I'm also looking in other areas for investment and just commented on your CA land video. A few years ago I looked into CA but it would be for investment and I'd need to decide what to do with it. I can't do desert living full time, been there done that. Will you obtain your RE license in MD. I understand your concerns over cost. I have a few friends who moved into NJ and Philly and commute into NYC as needed. Have a blessed week and keep on pursuing those dreams.
@@agl5132 I personally still live in NYC, but just decided to invest in other places. I decided for now not to get my MD license as I do some wholesaling for off market properties and don’t want the liability of an owner saying I didn’t get them correct info about the market value of their home as an agent has the fiduciary to do. I don’t personally know the other markets in MD as far as living, mainly numbers for investing, but there’s so many neighborhoods to choose from I’ve learned. I put my California project to rest for now, but plan to go back when i have an already built house to renovate.
I lived in Prince Georges County for a few years. I worked close to Baltimore. It is a beautiful city. Many opportunities to rehab there. I no longer live in Maryland but enjoyed my time there. Wishing you the best!
Yes, there are tons of opportunities for rehabbing properties which is the path I decided to take. Thankfully I get to still live in NYC while investing in Baltimore.
Welcome back Nyasia! You were truly missed. I follow you on my personal account & now this one; which you inspired. I was in real estate before the market crashed & I lost my passion for it. So I thought, until I was searching for real estate content on RUclips & came across your channel. You inspired me to start again. Hence my new account. Can't wait to follow along on your journey. Also, will you be updating us on the Joshua Tree property?
Thank you coming back after all this time that has passed! I actually cancelled plans on the Joshua Tree property due to other opportunities. If/when I go back, I’ll be looking for an already built home that I can renovate 😉
Bruh I live in Baltimore. I grew up 5 min from NE DC and want to get out of this whole area entirely. Baltimore is si depressing and I live in a nice part too. Smh
I was wondering what happened to you Nyasia , so happy for you and glad your back. I think Baltimore is a excellent chose. Wishing you all the best and I’m looking forward to watching again. God bless..😊💕
I'm a Real Estate Broker from Brooklyn. I moved my family to the suburbs of Houston during 2020. I did the same and tried to get some of family to buy real estate. Everyone wanted to do their own thing. I've been buying properties out of state for a while now. I own properties in Baltimore, Gary Indiana and Texas. I decided to keep my home in NYC and rented out two floors. I have a beautiful home in Texas. Now I live off my investments. I'm in cybersecurity now, which gives me the freedom to work from home and still attend my real estate auctions. I came into the city a few months ago to sell a house in Canarsie.
You made a great decision by keeping your home in NYC. I thankfully still live in NYC and just buy out of state. There's so much opportunity in so many markets that people can tap into. Congrats on your success.
@NyasiaC Thanks and much success to you also. If you tap into the Baltimore city OTC list that comes out every year. You can purchase directly from the city and flip those properties to out of state investors. I do this every year.
@NyasiaC I purchase properties that the county has already listed due to back taxes. So, it usually takes about six to nine months, depending on when the list comes out. The over the counter list is easy for me to cherry-pick my deals. If I'm going after foreclosures, sometimes we reach out to the owner directly, but that takes a while. I would rather just buy tax liens, deeds, and over the counter deals.
@@SimplyAdiva Thank you for that info. I know the list comes out early next year. Im going to make a note to see what properties come up as it could be a good way for me to pick up a few at a time!
I grew up in the Bronx in a six story tenement, (I think all buildings over 5 stories have to have an elevator), with big apartments. I went to college in LA, then lived in TN for a few years, moved back to NY and babeee... One, I never realized how cold it was, once you leave and come back you feel it. Two, I learned life didn't have to be a struggle, no roommates needed, I can live alone in a very nice place, no problem. I moved back to LA, to New Orleans and have been here for the past 8 years. It reminds me of NYC bc there's so much to do, and it's walkable, but unlike NYC it's warm about 10 months out of the year and the people are friendly. I smile at strangers now... never even thought to do that back home. I'm glad I grew up there but the financial and mental cost of living there are not worth it.
I’m also a life long New Yorker and they rose my rent around 20% the other day, I fantasize about having a family and owning my own home. I just know this will never happen in nyc, I’m thinking about moving to Georgia or Tennessee
My goal is to do a cash out refinance of 80% of its value. Put the properties in a trust/estate, and hand off to family once I’m ready. That way, I’ve taken all of the money somewhat tax free.
I left NYC, but it’s not what you think 😉! To get what you want, sometime we’ve just gotta take a little detour. Excited to be back and show what I’ve been up to.
You have different people and cultures in Chicago too. And Baltimore is more crime ridden than NYC. Just curious, you don't mention the investment cost and how much it cost to upgrade the house.
Yes each city has its challenges and benefits.
I’ll be going over all of the numbers and renovations in upcoming videos starting next week for each of the houses 😉
My Jewish great grandparents and my West Indian grandparents invested in Manhattan real estate when they came to the United States. They both lived among the people who rented from them. Their hard work and sacrifices while they pursued their own personal and professional goals made all the difference in the lives of their children, grandchildren and great grandchildren.
I am so happy for you. Be blessed. ❤❤
@@TravelerSanna What a great sacrifice they made to secure a better future for their family! That’s exactly my goal. A little sacrifice now for a lot of freedom later.
The best way to predict the future is to create it. You’re not only a serial entrepreneur, you’re a “multi-potential-ite” . All the skills you’ve learned are transferrable across your various business ventures.
Love your channel! And hearing about your journey.
Congratulations!!! At 47 I am starting over, I went from 26 yrs in the corporate mortgage industry to becoming a mental health therapist. I'm excited to follow your journey and take notes. Born and raised in Philly and looking to make a big change by the time I am 50.
You GO girl! It’s never too late for us to start over!
This gives me so much hope! I’m 42 and have only been a teacher my adult life. I’m so ready to do something else!
@@kiaj.d.5855 that’s the same age I restarted, so don’t ever worry about being too old for ANYTHING 😉
@@NyasiaC really?! Oh wow! I really needed some inspiration. Thank you❤️
I hear you on that. I’m going into mental health counseling as well. Need to advance financially and do a job that I value.
What a lovely end of the year surprise. Glad you’re back! 🎉
Thank you for sticking around! Excited to share this whole process over the next few months!
Love the back story and the other businesses you started! What a great journey, and yes, you're just getting started and well on your way! I think you'll beat that goal and then some! Cheering you on!
Thanks so much!
Exciting! Can’t wait to follow you on this journey!
I am SUPER excited about it ;)
I've been considering Baltimore for a long time. It's daunting doing things on my own. Your story is inspiring!
It is a difficult market to navigate for sure…but I was definitely able to conquer it…and so can YOU!
You better do your homework. Baltimore is a mixed bag.
@@Skippy2k33what does mixed bag mean?
@@career5690 having both positive and negative qualities or aspects.
Congratulations on your decision and significant progress since that point! We both seem to have a similar background, growing up in New York, the moving, working corporate, but ultimately having an insatiable entrepreneurial itch. I've been an Amazon seller for years - mentored by Kevin David, finally starting a RUclips channel (several now) and also investing in real estate.
I look forward to seeing more dope videos like this one from you going forward (just don't make us wait a whole year again, lol). God bless you, your family, and your vision.
Bro dont beat around the bush, just say it, she fine.
Congratulations on your success in all aspects. I believe everyone should follow their passions and see where it leads!
Congratulations!! Good to see you're back! I drove from NYC to DC and stopped by Baltimore. There's so much growth potential there.
Yes, there is definitely a lot of potential there!
Super proud of you! Praying that God will continue to guide you on your journey. Your willingness to be transparent is inspiring for all women. Keep growing; we’re cheering for you. 🙏🏽
Thank you for those words…I always appreciate the support 🤍
Girl it's been years since your last video but I'm glad you're back! I can't explain it but watching your videos gives me reassurance in life ❤
Ah, that’s so nice of you to say 🤍
I’m super excited to be back again!!!
Welcome back, Nyasia! It's been a minute. Lol.😃 It's good to see the notifications still work. I'm looking forward to seeing your real estate investments in Baltimore and can you also update us on your place in Joshua Tree? Thx.
Thank you!! Excited to share this journey. Re: Joshua Tree. I cancelled that project due to other investment opportunities. When I do go back, I'll be looking for a renovation project either in Joshua Tree or Palm Springs :)
I have missed you! I've stopped by regularly to see if you posted anything. Congratulations on your new adventure! I can't wait to see what you grow there, good luck!!!!
Awww, thank you for sticking around after the long absence. Can’t wait to share everything I’ve been up to!
I'm so proud of you, you are doing absolutely amazing things in life!!! I love how you didn't allow a missed opportunity to affect your potential, that's such an inspiration ✨️!!!! I will ready with my ☕️ for your future videos.
To get what we want, sometimes we just need to take a little detour ;)
I’ll be posting every single Sunday!
That's right ✅️
Currently in the same
Boat. Lived here all my life but as a 25 year old living on my own…. I can’t live comfortably. It’s ridiculous. I’m looking to move to the Carolinas in a few months. I would love to stay here but I won’t be able to really start my life and have a family comfortably here. All of my friends are leaving. Ridiculous.
Welcome back! Originally from Chicago, I lived in Brooklyn for 15 years. Due to covid and job loss I moved back home. I miss NY dearly but I don’t think i’ll be able to afford it again. Chicago is a great city as well and a lot of East coasters are moving here…. you get a little more for your money. I advise anyone to check out the market here too.
Glad you got to enjoy NYC for the time you had. I considered Chicago as well. What neighborhoods do you find people moving to?
It is exciting and inspiring watching you go towards and reach your goals. Looking forward to your journey. All the best!
I feel like this was an unexpected album drop. Congratulations! Great to see you back in these RUclips streets. Looking forward to more videos.
Sometimes you’ve gotta just POP out lol! Glad to be back, and thank you for sticking around!
Yes!!! Welcome back!! I am so happy for you and can’t wait to see the new content. You are a real rockstar! So inspiring.
Thank you so much!! Glad to be back!
Congrats. Can’t wait to follow this journey!
Thank you!!
I'm so happy to see you back on YT and doing well. I'm looking forward to the upcoming videos and congratulations on the properties🎉🎉
Soooo happy to be back!
Baltimore is prime for a rebuild and influx of new money. Great pick. I'm sure it'll benefit you in the long run. Looking forward to see the progress.
It has its challenges, but I definitely saw the potential! Glad to finally be sharing this journey.
They said that since 2004
Love to see it ! Still killing it, thank you for the insight!
😊 thank you!
I KNEW you were up to something! Glad to see you back on the tube!
HEY! Exited to be back! Can’t wait to see what YOU’VE been up up to.
I left NYC and moved to Florida years agodue to high costs. However, now Florida is ridiculously expensive!
I still live in NYC and decided to only invest in properties in Baltimore.
Congrats!! Been wondering and waiting for updates. Very exciting and happy to learn some diy tips. Cannot wait for the videos
More to come, thank you!!
Yay for you. I missed you. I’m starting a new adventure as well and it won’t be easy but I’m not going to stop.
Thank you so much! Yes, we cannot quit…no matter how difficult it may get…congrats to you as well!
this is mad cool. keep hustling and documenting!
Thank you!!!
Why are you videos RIGHT on time. My husband and I own a few properties in the District of Columbia. Before buying another property in the District, we both checked out Baltimore and feel in love. Due to the commute, we decided not to do it but have learned we totally could. Interested to learn more about your flip - and exploring if some of what you share might work for us!
Congrats on your investment journey so far! I thankfully still live in NYC and just Invest in Baltimore. I went back and forth while the renovation projects were happening because I wanted to learn the entire process. It's about a 3 hour drive for me.
The lower barrier on entry in Baltimore is what makes it appealing for investing, but not sure if it would be a downgrade for you as far as quality of life if you actually lived there instead of DC. Especially if you can afford DC!
I bought 4 different houses in 4 different neighborhoods. The flip was in Butchers Hill. Can't wait to show the entire process!
Yayyyyy! I am so excited for you to be back on yt! Congratulations on all the RE investments!
Yes! Thank you!
I have a rent-stabilized luxury 1 bedroom apartment w/all the things, and I still think about moving all the time because EVERYTHING is too expensive, there are too many people, and my age demographic doesn't fit in.
I definitely understand the frustration. I’ll stick it out and work towards buying here, but wanted to start investing so had to leave temporarily.
Thanks
Hey girl hey 🙋🏾♀️. Glad to see that you're good, and love that you decided to give us an update 😊
Excited to be back!
So happy you have posted. Love your segments.
So excited to be back…thank you for sticking around!
I left NYC (Manhattan) in 2020, just needing a break from the pandemic craziness. I'd lived in Manhattan for 20 years. Meant to go back (and I do really miss it), but watching from "afar" (Midwest), I don't think I could afford to live there anymore, and with the crime spike it just doesn't seem like the pre-pandemic NYC I remember.
I understand why people leave. I believe there are more people here now pre 2020.
I chose to stay living in NYC and invest in real estate in Baltimore. Don't plan on leaving NYC any time soon...but wanted to make money in other places.
I' am so happy you are Back... Congrats on your move!!!!
Thank you!! Thankfully I still live in NYC and just go back and forth to Baltimore to renovate houses!
So glad you are back!!! Can’t wait to see this. You are so savvy!!
Thank you!! Definitely glad to be back!
Welcome back! I can’t wait to follow your journey 😀
Thank you!! 😊
Congrats Nyasia!!! Super excited for you this year
Thank you!! Me too!
This is Gonna b so Insightful NC🔥🔥🔥👍n Happy Sunday😀….
Happy Sunday! Thank you for sticking around after so long 😊
I remember when brownstones were $750, 3 apartments and a basement. How do you deal with in NYC?
We missed you here! Congratulations! I discovered your channel in 2021 I believe just because I was fascinated with NYC apartment costs. Looking forward to seeing this journey!
Thank you, definitely excited for this new chapter!!!
Welcome back!!! So excited to see your journey!!
Thank you!!
I'm so with YOU!!!! I had to leave Manhattan back to Brooklyn just to be able to afford life. I'm a female professional and I couldn't afford to live in Manhattan. I spoke up to the Community Board alerting to this situation three years ago!!
I hear you...it is becoming increasingly more expensive year after year.
I still actually live in Manhattan / NYC. I decided instead of moving from the place I love, I was just going to earn more money....which is why I started to invest in real estate in Baltimore.
Everyone's path is different, but thankfully you're making it work in Brooklyn!
@@NyasiaC this is so inspiring to hear. Because I live in nyc & am looking into opportunities to relocate to Baltimore, because there are so many opportunities there with home ownership
@@amab1853 that sounds great! Remember, you don’t have to move/live there to take advantage of the housing opportunities..you can just invest there.
But if you do decide to move, there are some great properties and neighborhoods as well depending on your lifestyle.
You're an excellent communicator/speaker. Knew nothing about your channel before this video, found because of the algorithm. Nicely done!
Thank you!!!
Thank you for sharing life in what you want to do!!😊😊 Continue success to you!!!!😊
Thank you!
@@NyasiaC You are welcome.
Always love your updates. Thank you for your recent update and Congratulations to you on your next chapter!
Thank you so much!
I kept checking for any updates from you. Congratulations! So happy for you 😊
Thursday next video 😁
Thank you!!
congrats.. I just found your channel and glad i did. I too left the busy life in NJ and moved south and became a real estate investor. Took advantage of cheap property and made them homes for others. best decision ever. i look forward to seeing more of your journey
Amazing! What market do you invest in?
@@NyasiaC I invested in one family homes in SC … own 7 including mine
I was wondering where you went. It’s great seeing you! I look forward to the new content!
Thank you!
Yayy‼ DOPE! ❣CONGRATULATIONS! This is awesome & I can't wait to see your journey❣
Thank you so much!!
You came across my mind a few weeks ago & here you are. You look Amazing ❤ I'm not surprised that you're doing the thing 😊 God Bless & will be tuning in. Take care & Be Safe!
Thank you so much, and thank you for sticking around!
Omg! I followed you on my old channel, so I was pleasantly surprised to see you pop up on my RUclips homepage on my new channel. So happy to see you making videos again, and I'm excited to watch your journey!! 😊
Thank you so much!
Omg ! Hey girl ! I’ve missed you !! Congratulations !! Can’t wait to hear/see what’s next .
Thank you so much!!
Congratulations!! I'm excited to see what's in store for you next 😊
Oh you know part of the story at least with one house 😂😂😂
Been in Northern Virginia for almost 3 years now! I come back to Brooklyn and NYC every other month ❤❤❤
Nice! Thankfully the ride back and forth is not too painful!
@@NyasiaC exactly! Congrats, you are a true hustler! ❤️💫❤️
Awww I’ve really missed your videos.
Thanks for the update. Lovely to know that you’re out here prospering 🙌
Thank you!! 😊. Much more to come!
great video i just subscribed and i have a find who needs inspiration im sending her to your channel .
Awesome! Thank you!
Yassssssssssssss Nyasia is coming to Baltimore. 🎉❤🎉! Oh how I’ve missed you in these RUclips streets 😂. I’m on the outskirts or Baltimore because I’m not a city girl but hopefully we run into each other. 🫶🏾
Heyyyyyy, thank you so much!!
Thankfully I still live in NYC and just go back and forth to Baltimore to renovate houses! So I’m still there often!
You are just amazing! I wish you nothing but the best success in all of your endeavours -- if anyone can do this, its you!
Wow, Thank you so much!
I'm so excited to see you again!!! I was was thinking about you and wondering what was going on. I'm so happy to see you back!!!! 😊 💜💜💜💜💜
You’ve been here since the beginning…thank you so much!!!!! 🤍🤍🤍🤍🤍
Absolutely 💜 !!!!
I didn't understand why she chose Baltimore, one of the highest crime in the nation. So was other cities she mentioned.
I still live in NYC and decided to only invest in properties in Baltimore
Glad to see you’re back ! Get that money 💰
Appreciate it! I’m trying to get all the 💰💸
Hey Nyasia! Fellow real estate investor here! Around the 6:00 mark you mentioned something regarding capital gains tax after taking loans out on the property. Wanted to make sure it was clear that taking loans out on a property does NOT impact the cost basis, and therefore has no impact on the amount of capital gains you would have to pay. Let's say you buy 1M of real estate that appreciates to 2M after 10 years. You take out a loan for 1.5M. Without factoring in any depreciation, your GAIN remains the 1M difference between your purchase price and eventual sales price. In your case, you will have the 4M loan on the 5M of properties, but some of that money would be owed in capital gains tax (somewhere between 20-30%) if you sold. Otherwise, amazing plan, and good luck!!
Hey my fellow investor!
For the purpose of simplifying this first video, I didn’t mention that I would attempt to first sell on a “contract for deed” similar to a lease option which the deed would not actually be transferred until the buyer paid the full balance. That would of course take years and prolong the tax liability to which I might be long gone in the grave by then and it’ll be my kids’ problem 😉
My last 3 deals were creative (sub2, seller finance), so I’d try a creative deal first before an outright sell.
@@NyasiaC Ah, very nice! Your kids will inherit at a stepped up cost-basis anyways, so they'll be good to go!
Yep, exactly! These imaginary kids will be lucky to get anything lol. I don’t believe I’m handing kids a free ride with paid of properties. They’ll get 20-30% equity and will have to work to maintain it just like I did.
Glad you back videoing again ❤❤
Definitely glad to be back 🤍
Congratulations on all of your hard work! Your investment goals /story is truly inspirational. Wishing you continued success 🙌🏾
Thank you so much!!!
NYC sucks ..now there adding tolls to enter Manhattan , so I’ll be boxed into Brooklyn , Bronx or queens , or pay to go to work !!! ..already feel like I’m driving on a tight rope with all of these speed cameras …and pot holes destroying my car !!!!
As a Native New Yorker, your journey is very inspirational. Thanks for sharing!
Thank you!!
Welcome to Baltimore Nyasia. I love New York and I am always in Harlem. New York has gotten incredibly expensive over the years. Baltimore has a lot of beautiful hidden gems neighborhoods. Unfortunately, outsiders think it all looks like the Wire. Anyway, welcome. I wish you the best of luck on your real estate investing here.
I agree, there are nice neighborhoods in Baltimore that people don’t necessarily see in the midst of the other elements. Thankfully, it has served me well so far.
@@NyasiaC Be sure to look into some of these investment neighborhoods….Charles Village, Waverly, Barclay, Northwood, Remington, Hampden, Reservoir Hill, Marble Hill, West Hills, Beverly Hills, Montebello, Ashburton
@@gerardfirst3248 I own in Reservoir Hill now and another just blocks away from Ashburton 😉.
Nice my best friend lives on the 2500 block of Madison
I agree😂 I lived in downtown Greenmount Ave ( Where Tupac grew up). Some areas🤯 you drove down was like night & day. Brooklyn, NY couldn't look that bad in some parts of B'More! By the time I moved back to NY, pregnant with my first born daughter in 2005 it started to gentrify.
am a regular viewer from australia. have missed your vids. all the very best for whatever the future holds for you.
Thank you so much for continuing to follow my journey!
The outside events wouldn't impress me when I had to go home to a prison-cell-like "home" and lug bags of clothes up and down stairs to get them clean.
Proud of you Sis!
Thank you so much!!!
As a fellow realtor that owns two investment properties in Baltimore near John Hopkins that I rent out via midterm rentals I approve this message. You go girl let's get this money I've had my Airbnb since 2020 and 2021 and they have been the biggest blessing. I left corporate America after the cervical spine surgerythis past October and life is good. Thank you for sharing your story more people need to know about the power of investing in real estate.
So proud of you! One of my properties is in Upper Fells and one of my flips was in Butchers Hill.
That’s why I wanted to film and show this journey…investing is so important for our future!
Send me an email if you’d like to be featured in a video touring one of your Baltimore properties and talking about your story. They need to see more of us women out here doing this 😉
Thank you so much and I am very proud of you as well. Those are two of my favorite neighborhoods. I love the brown stones in Butchers Hill. Kudos to you for renovating them. I bought both of mine newly renovated and the investor I purchased them from ended up becoming a client of mine. One day I may renovate a property, but I cannot wait to watch your journey! Notifications ON!
Thank you!!!!!
@@kristinrodriguezrealtordmv3434 I'm looking into moving out of nyc to Baltimore. I'm glad to hear you 2 ladies moved there
@@amab1853I actually still Live in NYC, and decided to only invest in real estate in Baltimore
Welcome back! You were missed.
Thank you so much!!! Thank you for sticking around!
Congratulations Nyasia.. go Chase your dream.. just remember to ask God to guide you along the way!!
Thank you so much!
Hi Nyasia🤗
Welcome back! I was wondering what happened to you. Congratulations on your new home and location choice 👍🏾 I live in Boston, but the prices in NY are insane!!
Ah, Boston is super expensive as well. Luckily I’m still living in NYC, just chose to “invest” outside of New York. Thank you for the well wishes!
I'm from NYC and owned a brownstone in Brooklyn with my father we sold it and that was my introduction into real estate investing. I also went into wholesaling and fix and flips later on. I currently live in Dallas, TX and will be starting my own real estate syndication company buying and owning multi family and other commercial real estate asset classes as well collaborating and doing real estate development projects. You might want to look into apartment syndication.
Congrats on your deals! I have wholesaled and flipped as well. My current goal is small multifamily that I own individually, but that could change in the future. I know syndicators are hurting right now with these high interest rates, but hopefully that'll change in the near future.
@@NyasiaC I’m not sure that syndicators are hurting right now. I disagree. Unless there are syndicators who know little to nothing about the market but that is very rare. So far what I know brokers want to make sure you have an investor or guarantor to ensure that they can help your business to make sure you don’t fall behind your mortgage payment. Also it depends on the property as well. Right now industrial real estate portfolio doing better numbers than multi family. Other options such as student housing or senior retirement facilities are doing well too. Especially when you are reaching out to investors to raise capital or reaching out to lenders for a loan who most likely checking the underwriting and doing the due diligence making sure the numbers make sense. If you are a new operator in syndication, generally it’s good to partner with experience general partner who can assist on helping the syndication business and bringing investors onboard or help purchasing property through a lender. As well as being a passive investors or invest in multi family REITS. You can start as an active investor as well. Alternative there are also the creative finance to purchase off market multi family properties from the seller. I will most likely start with smaller units and work my way up. I do have strong background financial investment and economics. I am very aware of the current trends in the market right now. Important numbers to keep in mind investing in multi family properties or other commercial real estate assets NOI (Net Operating Income), Cash on cash returns, Cap rates knowing the difference between high and low cap rates. Most investors prefer high cap rates due to higher returns and value add opportunities on a property, and the IRR (Internal Rate of Return). Definitely know how to analyze real estate financial model, underwriting, and pro forma. There are a modeling as well stick the basis and continue work your up. Additionally, understanding market analysis, debt, equity, deal structuring, cost segregation real estate law and acquisitions. I can talk about this all day. Oh yeah economic indicators. Don’t want to bored you but I hope this information helps.
HEY stranger! Good to see you back.. looking forward to it! Jane .. from Aus..
Hiii Jane, so glad to be back!
Baltimore is an interesting choice and somewhere things can really take off within the next 10 years or so. All the best to you on your journey.
Good to see you nyasia!!!
Thank you so much!
I went to Johns Hopkins. I almost bought a place in Baltimore, but got turned away because of the uptick in crime. I really want to return, I think I will soon! Great video.
Thank you!
Yes it is quite a challenging place to navigate. I still live in NYC and decided to only invest in properties in Baltimore and rent them to tenants.
Congratulations! This is so great.
Thank you so much!
Smart girl! Baltimore! I'm in DC
Gotta go where the $$$$ are :)
If Baltimore gets even a fraction of the appreciation DC has gotten, I'll be very happy!
So happy to have found your channel and what an inspiration you are for young women. I'll be 65 this winter and am also a serial hustler. I left the US 5 yrs ago but will be returning later in 2024. I'm in reverse culture shock at the unbelievable prices of everything! My daughter and her family live in New England, my BFF lives in Philly and other friends and cousins scattered about that DMV area. I am looking at Columbia MD or outer B' More area for a rental. I will then look at real estate opportunities. My family was in Real Estate and I wish I had pursued it earlier. I look forward to your videos.
Thank you so much and congrats on your upcoming new journey!
Columbia MD is HOT right now. Taxes in Baltimore City are a killer, but has opportunity. Outside the city has value due to lower taxes amongst other things.
There’s no age limit on success, so I’m sure you’ll be fruitful!
@@NyasiaC Thanks for the tax info. Yes, outside B'More would be my preference. I'm also looking in other areas for investment and just commented on your CA land video. A few years ago I looked into CA but it would be for investment and I'd need to decide what to do with it. I can't do desert living full time, been there done that. Will you obtain your RE license in MD. I understand your concerns over cost. I have a few friends who moved into NJ and Philly and commute into NYC as needed. Have a blessed week and keep on pursuing those dreams.
@@agl5132 I personally still live in NYC, but just decided to invest in other places.
I decided for now not to get my MD license as I do some wholesaling for off market properties and don’t want the liability of an owner saying I didn’t get them correct info about the market value of their home as an agent has the fiduciary to do.
I don’t personally know the other markets in MD as far as living, mainly numbers for investing, but there’s so many neighborhoods to choose from I’ve learned.
I put my California project to rest for now, but plan to go back when i have an already built house to renovate.
I lived in Prince Georges County for a few years. I worked close to Baltimore. It is a beautiful city. Many opportunities to rehab there. I no longer live in Maryland but enjoyed my time there. Wishing you the best!
Yes, there are tons of opportunities for rehabbing properties which is the path I decided to take.
Thankfully I get to still live in NYC while investing in Baltimore.
Welcome back Nyasia! You were truly missed. I follow you on my personal account & now this one; which you inspired. I was in real estate before the market crashed & I lost my passion for it. So I thought, until I was searching for real estate content on RUclips & came across your channel. You inspired me to start again. Hence my new account. Can't wait to follow along on your journey. Also, will you be updating us on the Joshua Tree property?
Thank you coming back after all this time that has passed! I actually cancelled plans on the Joshua Tree property due to other opportunities. If/when I go back, I’ll be looking for an already built home that I can renovate 😉
@@NyasiaCOh ok. Thanks for the response.
Baltimore. Good choice. The upside is unlimited. By the time things fully turn around, you'll be way ahead of the game.
That’s the goal!
👸🤩🤩🤩😲😲😲 HEY QUEEN!!! 💃🌲💃🌲💃🌲 HAPPY HOLIDAYZZZZ!!!
Happy Holidays to YOU!!!
I’m glad you are back! but Baltimore? 🤯
I still Live in NYC, I decided to Invest in Baltimore.
Bruh I live in Baltimore. I grew up 5 min from NE DC and want to get out of this whole area entirely. Baltimore is si depressing and I live in a nice part too. Smh
I still Live in NYC, I just decided to Invest in real estate in Baltimore.
I was wondering what happened to you Nyasia , so happy for you and glad your back. I think Baltimore is a excellent chose. Wishing you all the best and I’m looking forward to watching again. God bless..😊💕
Thank you so much!! 🤍
Ok girl! I’m excited! 😊
Thank you, I’m super excited to share!
I'm a Real Estate Broker from Brooklyn. I moved my family to the suburbs of Houston during 2020. I did the same and tried to get some of family to buy real estate. Everyone wanted to do their own thing.
I've been buying properties out of state for a while now. I own properties in Baltimore, Gary Indiana and Texas. I decided to keep my home in NYC and rented out two floors. I have a beautiful home in Texas. Now I live off my investments. I'm in cybersecurity now, which gives me the freedom to work from home and still attend my real estate auctions. I came into the city a few months ago to sell a house in Canarsie.
You made a great decision by keeping your home in NYC. I thankfully still live in NYC and just buy out of state. There's so much opportunity in so many markets that people can tap into.
Congrats on your success.
@NyasiaC Thanks and much success to you also. If you tap into the Baltimore city OTC list that comes out every year. You can purchase directly from the city and flip those properties to out of state investors. I do this every year.
@@SimplyAdiva Interesting! How has the foreclosure process been for you on those properties? How long does it usually take? I hear more than 6 months.
@NyasiaC I purchase properties that the county has already listed due to back taxes. So, it usually takes about six to nine months, depending on when the list comes out. The over the counter list is easy for me to cherry-pick my deals. If I'm going after foreclosures, sometimes we reach out to the owner directly, but that takes a while. I would rather just buy tax liens, deeds, and over the counter deals.
@@SimplyAdiva Thank you for that info. I know the list comes out early next year. Im going to make a note to see what properties come up as it could be a good way for me to pick up a few at a time!
Hey..Welcome back..I'm investing in Dubai..It's so crazy in America right now.
That's awesome! What type of properties are you buying in Dubai?
@@NyasiaC condo for Short-term rental..
How's your land in Joshua Tree??
I grew up in the Bronx in a six story tenement, (I think all buildings over 5 stories have to have an elevator), with big apartments. I went to college in LA, then lived in TN for a few years, moved back to NY and babeee... One, I never realized how cold it was, once you leave and come back you feel it. Two, I learned life didn't have to be a struggle, no roommates needed, I can live alone in a very nice place, no problem. I moved back to LA, to New Orleans and have been here for the past 8 years. It reminds me of NYC bc there's so much to do, and it's walkable, but unlike NYC it's warm about 10 months out of the year and the people are friendly. I smile at strangers now... never even thought to do that back home. I'm glad I grew up there but the financial and mental cost of living there are not worth it.
I’m also a life long New Yorker and they rose my rent around 20% the other day, I fantasize about having a family and owning my own home. I just know this will never happen in nyc, I’m thinking about moving to Georgia or Tennessee
Great seeing you again! 😊
Glad to be back!
Congratulations. I been missing your videos.
Thank you so much, excited to be back!
❤❤❤ This is awesome.
Can you explain the retirement plan again to cash out yet avoid personal gains tax please?
My goal is to do a cash out refinance of 80% of its value. Put the properties in a trust/estate, and hand off to family once I’m ready.
That way, I’ve taken all of the money somewhat tax free.
Thank you!
Congratulations fellow New Yawker and Great Dane. I moved to Philadelphia and want to return to NYC when I’m able to live in the property I want. ❤
Thank you my fellow alum! You can do it! I have no plans on leaving NYC any time soon…so investing out of state was the perfect solution.
I visited New York, loved it, but yeah realistically I could never afford to live there.
Good to see you again, stay well.
Thank you!!!