How is NYC real estate surviving?

Member since 2020 · 23 posts · 10 votes

Hi, Im new to BP. Queens nyc resident. trying to invest, but i see no places that are worth investing in. based on new tenant laws and high prices, how are buy and hold investors making it work?

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Mark Allen Kenny

Investor · New York City, NY · Member since 2016 · 155 posts · 105 votes

Welcome, @Andrew Brown! I'm in NYC too. I love living here but it just doesn't make sense to own rentals here. Have you ever considered investing in Philadelphia? It's only about 2 hours away, the cap rates are great. The rental laws are very landlord-friendly and the property taxes are low. It's a great place to get started if you live in NYC. There are some good markets in Jersey as well.

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Andrew Brown
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Member since 2020 · 23 posts · 10 votes
6y
@Abel Curiel thanks for your reply!!
Do you have any insight on how I can get access to these deals?
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Abel CurielBusiness Member
Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
6y
Originally posted by @Andrew Brown:
@Abel Curiel thanks for your reply!!
Do you have any insight on how I can get access to these deals?

Yes! I just sent you a PM.
REbuild Team - eXp Realty5234 Reviews
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