Good Neighborhoods for Cash Flow and Appreciation
Hello all! I currently own a duplex in Washington Heights and am saving up for my next investment. As of right now, I am probably a year or two away from having the cash to pick up another Washington Heights duplex (approx. $200k purchase price, $50k down for a commercial loan). I am getting antsy, and can probably pick up something under $100k this summer, so I am expanding my horizons.
What are some other neighborhoods that people are investing in? I have looked at Washington Park, Martin Drive, and Uptown west of Loomis a bit, but I want to expand my horizons. Anyone investing in Clarke Square? Silver City? I heard at a recent REI event that Clarke Square and Silver City are up and coming neighborhoods, but I'd like to hear from people buying in these neighborhoods before I take the leap.
What about West Allis? I know that it is a solid city, but I can't personally distinguish what neighborhoods are good and bad. If anyone has any insight, I'd love to hear it!