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Updated about 8 years ago on . Most recent reply

Account Closed
  • Yonkers, NY
95
Votes |
506
Posts

High prices for starting out, what should I do

Account Closed
  • Yonkers, NY
Posted
Hi everyone, when I eventually get ready to invest in real estate I will not be able to start out where I live here in westchester county, New York or anywhere somewhat close (1-2 hours maybe more) to here because of the really high prices. I don't know wether I should go further upstate or even in New Jersey or Connecticut which would be a long drive, or invest out of state so I can get better cash flow for a lower initial purchase price, then eventually I can work my way to invest here(if that would even be worth it). Does anybody from this area or any area in general that is very expensive have any advice for somebody just starting out like me. Please help me out on what to do. Overall, would it even be worth it to invest here even when I have more money down the line? Should I invest out of state? Where should I invest? Thanks for any advice!

Most Popular Reply

Account Closed
  • New York City, NY
172
Votes |
420
Posts
Account Closed
  • New York City, NY
Replied

invest in the Midwest. You could get a house for $35k that rents for $7-800. 

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