Starting in the RE journey and looking for a good market.

[Jonathan Guich]

Hi all,

My name is Jonathan Guich and I'm located in the Westchester, NY area. 

I'm looking to become a RE investor focused on Long Term Rentals starting with multi family between 2-4 units. 

I have been listening to the BP podcast for a good while and reading the forums as well. After studying for a while I decided that this year 2022 will be the year I start my RE journey. I plan on ending this year with at least 1 property under my belt!

I come here for some help and guidance. My original and current plan is to invest close to home in the Westchester, NY area, but everything is so expensive here and my numbers barely work on some properties. I'm now thinking that maybe I should look at other places, not too close to me. A few of my first thoughts were Albany, NY and Hartford, CT. These are places that are much cheaper to start with, good cashflow on most properties, and they are only a few hours drive from me if I need to go there. 

What are other things I should look at these locations? Where could I get other data like population growth in these cities, work opportunities? 

Are you guys investing in these cities at the moment? Are these good markets to start with?

I will keep researching these cities for now.

Thank you all for all the info and help you provide!

I hope I'll be able to help others in the future. 

[Lee Ripma]

Checkout the resources at Vestmap.com. Far superior to city data. Growing affordable pockets within many MSAs will work. Focus on submarkets not MSAs