New York New Investor
I have been really interested in real estate for several years now. Only recently have I decided that rental properties is the way for me to go. With a lot of passion and ambition, I am ready to move forward on a purchase. However, I live on Long Island where the average price of a home is 350k and the yearly property taxes are 8-10k.
Does anyone else invest in Long Island/ queens/ Brooklyn ? It seems impossible to turn a profit with such high prices. Is there money to make in this market?
Thanks in advance,
Pete