real estate investing in Brooklyn New York city

Have you ever wondered what it's like investing in Real estate in Brooklyn New York? When I walk down the streets, I wonder who actually owns these buildings and what kind of person could they be. Well today, you'll meet one of the owners of many of those buildings. He's my friend and mentor Dan Borrero and he's going to share with you how he's built his real estate investing business since 1989. He's explaining how the real estate market has changed in Brooklyn and where he's seeing real estate going in the future. We'll drive through the city so you can see the new and old buildings. He also gives us a history lesson on New York construction and architecture. Come along for the ride...

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About Kris Haskins:

Welcome to the official Kris Haskins YouTube channel! On this channel, you’ll find a variety of financial content including vlogs, investments, real estate, and more. Make sure to subscribe and enable ALL notifications! For instant updates, check out the social media accounts below.

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00:00- Intro
2:00 - Meet New York real estate investor Dan Borrero
4:00 - This Brooklyn area is thriving w/ people from the Caribbean
6:00 - The architecture is historic
10:00 - Real estate owners must build a shed over the sidewalk so people won't get hurt
14:00 - Why did Dan invest in Ft. Green Brooklyn
16:10 - What is Metro Tech and what does mean for real estate
20:20 - Ft. Green Brooklyn real estate has extremely detailed architecture
23:50 - Investors are tearing down 3 family buildings and building large multifamily buildings
25:15 - This is one of Dan's 3-Family rental properties
29:15 - This is Dan's Multi-use building w/ commercial on the 1st floor and residential upstairs
40:00 - What Dan thinks about getting out of debt
43:00 - Dan rents out his garages for parking spaces

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[AFRICAAFRICANS]

I own in bedstuy since 2000 my first brownstone for 195, 000 every year after that bought 1 each year till 2012 was the last I bought in brooklyn. I currently own 11 brownstone in bedstuy the highest I ever paid was 625, 000 a five story on Hancock street. I rent every last one total value 25M-30M
Also 2 in fort green…

[Mariakevin-dv]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[tf]

I grew up in Fort Greene, Brooklyn. When my parents wanted to buy a house in Fort Greene, the realtor convinced them that their current neighborhood was too dangerous and showed them houses in East Flatbush, where we still own a home. Nowadays, most people can't afford to buy a home in my old neighborhood.

[mannyblue-letsdogadeals]

When I see these places in NY, I often thought “Who’s the owner and what do they look like” great vid sir. Dan is the man, shout out to Dan

[Anonyme]

No debt! Proud of you. I own 4 single rentals paid off cash flow $7150 a month. I hate debt!

[Everywomen]

The junction! Yes very motivated people! Shout out to the Caribbean

[damionjordan]

The perimeter of the CLINTON HILL area is…FLUSHING AVENUE to the North, ATLANTIC AVENUE to the South, CLASSON AVENUE to the East and VANDERBILT AVENUE to the West. Family still owns a brownstone on Washington and Lafayette Avenues since the 1950s’ right off the G train. Great childHOOD memories👍🏾

[mym]

I lived in that area in the 80s. Never heard of a blackout. Fact of the matter the target used to be a parking lot. My dad used to take us there for driving lessons.

[Everywomen]

In my hometown. Brooklyn is a gold mind. Great homes in Fortgreene area and The market has increased in value significantly. Great investment opportunity 🔥🔥🔥

[ericwatts]

It’s scaffolding they were calling it a shed. Great video, I am a Brooklynite living in Canarsie. Kris good stuff man always. Yes this was the hood back in the days but things are way different now.

[KristopherBanks-pzvs]

Very educational video. Ive grown-up in Brooklyn and learned so much about the the horse walks watching this. And the parking space money is a pure cash cow with less headaches. Please bring your mentor back for more videos. His experience and knowledge are invaluable.

[debbiewhite]

This was a great video. I've worked in Brooklyn. I grew up in the Bronx. In a matter of blocks, the whole vibe changes, lol. Kris, my son moved to VA for school and said he's not coming back just because of the traffic. I'd love to know how Dan did during Covid when the City told people they didn't have to pay rent. I know of people who suffered greatly.

[d.m.]

In South FL 1996 I bought my first 2bdrm/1bath(as is) tiny home in a retirement neighborhood at 24 years old, for $30, 000. My mortgage, including taxes & insurance was $350. I sold it in 2005 for $135, 000. Bought my second 4bdrm/2bth 3story home @ 33 years old, in (Stone Mtn)ATL for $130, 000. Put $30, 000. down. Mortgage with taxes & insurance was $500. Sold it in 2015 to my renter. Now worth $400, 000. Both my mortgages combined was less than what people pay for a studio apartment, not including utilities here in New York.🤯 We don't have a mortgage in our Bushwick Brownstone, Family Legacy. Handful of Original Owners left on the block, due to Gentrification! Generational Wealth Handed Down! If we ever relocate again, it will be Canada, Europe or our parents home island's 🇯🇲🇹🇹. Retirement Beach homes paid for also. They already tried Ghana, Africa & went back home to retire. Thanks for a great vlog!!❤

[KingLoneWolf]

I have been gone too long Brooklyn looks unrecognizable

[Everywomen]

I walk past Clermont and vandabilt every day . Now I know the owners. cool

[Everywomen]

For Greene is my community for 15yrs now. I love the diversity and convenience of it all. Dan knows what he’s talking about

[Silke]

I feel like I should pay money after watching this. This was an amazing video!

[philshelton]

i love this video, please do more videos with Dan!

[bwill]

Funny I grew up in VA Beach but I was born in Queens my family is from NY so both of those places has always been apart my life 😂 I've witnessed the changes in both places

[realestate_plug]

Man!! Kris this content is 🤩! Keep up the great work