Investing In New York City (Upper East Side - Yorkville)
Hi, I'm new to real estate investing and I've been reading the Rental Property Investing book by Brandon Turner. That book is why I am here today asking this question. In the book he always talks about looking for a great deal and I was wondering if getting a condo in Yorkville would fit that description. The condo that I'm currently looking at looks great on paper and is around 300k which I believe, for the area, is a great price-point especially considering what it was worth pre-covid. The only thing that is a little obscure to me is the market in the area and tenant demand for 1 ba 1 ba's in the area. I walked around the area while searching for an apartment of my own and was hard pressed to find anything decent available. When I finally found a spot, the agent who gave me the tour and handled the paperwork said the market for the area is in high-demand and people are moving back into NY fast. Should I take this as a sign to buy or is there some other info I'm missing?