New York, NY · Member since 2017 · 6 posts · 2 votes
hi! I live in NYC and am looking to buy my first real estate property to rent out, ideally for a combo of income and appreciation. The thought of buying in a market I'm unfamiliar with and isn't within driving distance is a bit daunting to me. Any suggestions for markets within a couple hours distance of NYC that you would recommend I look into? New Haven, Philly?
Separately, my daughter is going to school in the fall in New Orleans so I am considering investing there, but it seems like Nola has its own set of problems that might make it too difficult as a first investment. Any ideas are greatly appreciated.
@Julie Greenhouse - I live in NYC as well, invest in Albany, NY; which is about 2.5 hours drive. You could cash-flow and get appreciation in the Capital District.
@Julie Greenhouse - I live in NYC as well, invest in Albany, NY; which is about 2.5 hours drive. You could cash-flow and get appreciation in the Capital District.
hi! I live in NYC and am looking to buy my first real estate property to rent out, ideally for a combo of income and appreciation. The thought of buying in a market I'm unfamiliar with and isn't within driving distance is a bit daunting to me. Any suggestions for markets within a couple hours distance of NYC that you would recommend I look into? New Haven, Philly?
Separately, my daughter is going to school in the fall in New Orleans so I am considering investing there, but it seems like Nola has its own set of problems that might make it too difficult as a first investment. Any ideas are greatly appreciated.
Hi Julie! I'm a local Real Estate Investor and Agent, and I would love to be able to help you buy your first investment.
hi! I live in NYC and am looking to buy my first real estate property to rent out, ideally for a combo of income and appreciation. The thought of buying in a market I'm unfamiliar with and isn't within driving distance is a bit daunting to me. Any suggestions for markets within a couple hours distance of NYC that you would recommend I look into? New Haven, Philly?
Separately, my daughter is going to school in the fall in New Orleans so I am considering investing there, but it seems like Nola has its own set of problems that might make it too difficult as a first investment. Any ideas are greatly appreciated.
Not sure how far you'd be willing to drive but if you want to check out a solid cash flow market I'd be happy to talk to you about Toledo.
Hi Julie, I am a newby as well, I just bought a property in New Haven, CT. I'm not sure if I got lucky, or if it is the area, but I am expecting to get a good income from the property once I finish the necessary repair work. It is about2 hours from NYC and I definitely suggest taking a look in the Southern portion of CT, I plan to buy more in the area once I get this one rented out. Note: my property is a duplex, if you are looking for SFR then your mileage may vary.