Passive Cash Flow Podcast Ep #121 | $10M in Manhattan vs. $10M in New Jersey with Sydney Blumstein

Passive Cash Flow Podcast

Sydney is a unique blend of real estate expertise coupled with a funky flare for life!
A native New Yorker, Sydney was born and raised in Greenwich Village. Her parents, Top Brokers Meris and Kenny Blumstein, raised her and her brother Cole in their "starter apartment", a 2500 square foot loft they purchased in the mid-'70s. An informal host of open houses since age 6, Sydney joined her family real estate team in 2006 as the second generation of this real estate dynasty! She has sold and rented over $100 Million worth of property in her career. She moves fluidly through the city's constantly evolving housing market.
A true Expert in Downtown real estate, Sydney has committed herself to learning all of the neighborhoods across Manhattan, Brooklyn, and Queens in order to better service her diverse clientele and listings. Sydney has represented the sale of a one-bedroom Co-op in Sunset Park, Brooklyn, as well as a Penthouse Mansion on the Upper East Side and everything in between.
Sydney attended Friends Seminary, a Quaker school in the Gramercy Park neighborhood, and was the first woman in the history of the school’s basketball program to score over 1000 career points. While studying History at Emory University in Atlanta, she published a thesis on public transportation and urban planning, garnering the award of Magna Cum Laude.
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00:00 Intro
01:26 $10M in Manhattan vs. $10M in New Jersey with Sydney Blumstein
04:22 Cap rate on two properties
08:26 Property is more than its cap rate
11:50 Why Trenton
15:34 Location Location Location
18:50 Navigating red tape
22:51 Knowledge is power
30:00 Managing properties
35:27 Cashflow vs equity
39:36 Crypto with real estate
45:50 Diversify
48:09 Learn more at peoplescapitalgroup.com
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This is not a solicitation for funds, tax advice, or legal advice. This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. Peoples Capital Group LLC is NOT a United States Securities Dealer or Broker nor U. S. Investment Adviser is a Consultant/service provider and makes no warranties or representations as to the listener or viewer. All due diligence is the responsibility of the investor.

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