Scared, Excited, and Ready!

[Sal Mazzone]

Hi everyone,

My name is Sal and I'm currently living in Westchester, NY (about 25 miles north of manhattan).  I'm primarily looking to get into cashflow properties.  I currently own two properties, one of which is being rented to a tenant, the other is my primary.

The biggest issue I'm having is finding good deals here in Westchester.  Properties are very expensive, and taxes are extremely high. When I run the numbers, it's almost always resulting in negative cash flow.

I have a decent amount of equity in my primary residence as I bought it from the county at a deep discount and rehab'd it. So I would most likely tap into the equity and do a BRRR method.

Any advice on expensive markets? I've been thinking about looking further north in Putnam county which has more affordable taxes, and lower property prices.