Multifamily properties in New York and New Jersey
Hello everyone! First and foremost I'd like to say that I am honored to become a member of Bigger Pockets. I feel like I've learned so much more than I knew before by listening to the podcasts alone.
Cut to the chase. I Live in Manhattan and am looking to invest in a small multifamily property no more than about a two hour drive from the city. Does anyone know some good neighborhoods in New York or New Jersey that produce decent cash flow for buy and hold properties and have a price point no more than $100,000? (less than $70,000 is most preferable). I reviewed a few places in Brooklyn but the properties seemed to only favor appreciation and not cash flow. I'd greatly appreciate your feedback.