Looking for a market. NYC / Philly / New Jersey / other??
My name is Brian and I live in New York City. I am having trouble/analysis paralysis on finding a rental market to focus my efforts on. I grow up in Southern NJ/Philadelphia and part of me wants to invest there. NYC is too pricey for me to enter and I am not sure where I should invest.. I would appreciate thoughts. I was thinking Rochester, NY but that's hours away and I feel for my first investment it might serve me well to be closer to the investment. The trouble I am facing is after having run the numbers on investments in Rochester I can't find anything like there in NJ, Philly, or more southern parts of New York State. I would love to get some pointers on places that might be worth looking into.
Thank you! Brian