New Member / Brooklyn Brownstone, or no?
Hi All! New to the site and to real estate investing, so looking for some guidance on my first purchase. I am thinking of buying a 3-4 unit Brownstone in Brooklyn, New York. Would live in one unit and rent out the others. Alternatively, I would continue renting (I have a pretty cheap apt currently) and use that capital to make other investments, including other real estate investments in other markets.
I don't feel particularly pressed to own a home at the moment, it's really about the numbers at this point.
Before I move forward, I am curious to know what all I should be considering as I decide a particular course of action. Is it really just a matter of crunching numbers to see which option would potentially generate a higher return? I am wary of any "unforeseen" costs of ownership in either scenario so trying to be sure that I fully vet both paths.
Would really appreciate any thoughts and of course feel free to ask any follow ups! Thanks!