My investing goal is to maximize cash flow through retail or small office spaces, but it seems counter productive to put out a bunch of cash up front that I'm not making back for a decade. Wondering if anyone has been investing in Long Island successfully who may be able to provide some much needed clarity. Or, should I be looking outside the area to start my investment journey?
The NYC area is a tough market to begin with, but the uncertainties of commercial space after Covid make it much more difficult. Personally, I am not bullish on LI commercial space at the moment. A lot of retail transactions have moved online, and a lot of LI jobs are the type that can be done from home. I’m not saying that people don’t want to get back in their offices, but I think there will be some shrinkage of this space.
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