I'm looking to buy my first property in NYC but I'm not sure where I should pull the trigger. What area will see the most growth? Can something like that be predicted?
I think the most affordable thing to do would be to find a two bedroom apartment in the city our outer boroughs and live in one room, rent the other.
I think buying a multi-family may be too expensive at this time in the market, and for my budget.
I'm always looking at different properties in areas I think will see growth but how can I know for sure? Any advice?
Neighborhoods I've looked into: Hudson Heights, Riverdale, Jamaica, Queens (anywhere in Queens really... but then I ask myself, where exactly?)
@Noelle Bohlen ...welcome!!!
I am quite familiar with the Queens market, especially Jamaica. There are some really nice areas and undiscovered gems in Jamaica. The taxes are pretty low and i think now is a good time to purchase something.
Hey, if you're looking in queens I'd suggest Ridgewood it's been going up like crazy and depending on your budget you can buy a one family and have a few roommates to help with the mortgage. Good luck!
@Noelle Bohlen I agree with Charmaine and Janusz...Queens is great, fairly decent prices prices to start, nice neighborhoods, people are moving from Brooklyn and Manhattan to Queens. Just try get a property that's close to a major train unless you drive.
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