New to Westchester/BP -- Looking to House Hack
Hello BP! Pretty excited to start the real estate investment journey.
Just a quick blurb about myself. I work as an IT Architect by day, but am looking to make real estate investing my side hustle. As a newbie, looking to connect with other REIs in Westchester County, NY; however do have extended family in SE Michigan and Frederick County, MD and open to looking into property investments there as well. I do have funds with which to invest outside of the state and also leverage SDIRA.
We recently sold our home in CT / Fairfield County and moved to Westchester County. Love it here. Currently renting in Elmsford to get familiar with the county and surrounding areas, setting up for a purchase.
Looking through past posts re: Westchester, the consensus appears to be that for MFH, off-market is the way to go as pickings are slim on the MLS. The list prices do not provide anywhere near the recommended cash flow/ month.
Any thoughts from the pros on here? Northern Westchester and across the bridge are options, however I agree with the previous posts suggesting areas that are closer to commuter train / NYC are more attractive for rentals.
Let's connect!