Central Islip/Brentwood NY

6 Replies

Anyone on biggerpockets experienced in flipping and being a landlord in Central Islip, Brentwood, Bayshore and/or surrounding town in Suffolk County NY? If so, how did you start?

Hello Amanda, I am also looking to invest in the area but the taxes are so high that it don't make sense unless there is an legal apartment with the house..

Hi Amanda, I inherited a property in Patchogue that my parents had bought 20 years ago. I'm sure it's different now, but even back then the taxes were high. They decided to purchase a residential and commercial property in hopes of finding long term tenants for the shops. We have a bookstore and barber-shop downstairs and an apartment upstairs. They took the time to find good tenants for the commercial shops and they've been there for 20 years now! Maybe look for a mixed use property!

If you are looking to flip you should market for probate properties or short sales.  Getting a deal in these areas is very important if you are looking to turn profit.  

Originally posted by @Gina Jurlando :

Hi Amanda, I inherited a property in Patchogue that my parents had bought 20 years ago. I'm sure it's different now, but even back then the taxes were high. They decided to purchase a residential and commercial property in hopes of finding long term tenants for the shops. We have a bookstore and barber-shop downstairs and an apartment upstairs. They took the time to find good tenants for the commercial shops and they've been there for 20 years now! Maybe look for a mixed use property!

Gina being from Ronkonkoma way back when ,any time I see Long Island towns cant help chime in. Taxes are crazy on Long Isalnd I still have one brother living their. Every one else moved south just for the slower lifestyle and better taxs. Awesome that they have had success with the property

Alex

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I live in Bayshore, let me know if you need anything. Flips are huge right now. My home was a flip and since we moved in a little over a year ago about 6 other homes on our street have been flipped. Not much appreciation in this area though as gang activity is on the rise in Brentwood.

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