All Forum Posts by: Jessenia Hartage

Our longest took over a year in the boroughs. Was a nightmare 

@Jessenia Hartage Detroit's a great market as US Census Bureau finally recognized that the city is growing!

Nader & Travis will tell you the same thing as they're partners here in Detroit.

I was born and raised in Queens and I would not recommend owning a home in NY. We are currently going through 2 eviction in NY, one in Queens and one in Upstate NY. Queens is at 8 months and upstate is 1 year. Neither has paid any rent during this time frame and the owner has had to paid all expenses.

@Nader Shariff is in NYC and his family has been investing in the city there for years, but I know he invests primarily out of state.

I'm sure he'd have some great insights. 

"Start in your backyard" is a common theme but doesn't work in every location. NYC is notoriously tenant friendly, and I would not recommend for a new investor. We had a property in Brooklyn for many years and it became a headache. The best decision we ever made was to sell and 1031 into several properties in Florida. Landlord friendly, legislatively friendly and where the U Hauls are going, not leaving like NYC. But you don't have to follow my lead, there are many states to look into that fit the bill. With proper property management, it's not an issue being out of state.

You can work with a turnkey company or directly with builders that offer the same services for your first property. We did that to streamline the process and gain experience. If you have questions, you can contact me directly. 

For us, once we invested out of NY we never looked back.

@Jessenia Hartage

for sure you should house hack there if you can.

investing there is more complicated since prices are high.  can't answer that one for you.