Purchasing condo/apartment in New York
Hi, wondering if anybody has ever invested in New York. Looking to purchase an apartment studio in Manhattan that’s around 250K. My plan is to rent it out. Has anybody invested in that area I that can give me some advice?
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Small apartments in Manhattan will have high monthly fees, typically, in comparison to the rent. Better to use that money on a 2-3 family in an outerborough where your margins and yield will be far superior.