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All Forum Posts by: Serhiy Kralka

Serhiy Kralka has started 0 posts and replied 1 times.

Post: Deciding what city to invest in??

Serhiy KralkaPosted
  • Lender
  • Montclair, NJ
  • Posts 1
  • Votes 2

@Scott K. @Jessica Doolittle @John Geldert I second what John said, picking your investment strategy will depict the areas you should be looking for investments. 

I'm from NJ and my gf is from Long Island and the BRRR that is so highly touted on BP will be really hard to employ in these areas. The property taxes and lack of affordable housing are two major hurdles. The strategy that works in these areas is fix and flip (add-a-level) in towns that either have a train line (NJT or LIRR) or border a town that has one. Those towns are where people are moving and where appreciation is the greatest.