How to find the best location

[Michael O'Hagan]

Hey everyone,

My friends and I are looking to start investing in real estate and want to start by purchasing a multi-family house. The hardest part for us is figuring out the best areas to look into. We are located in Westchester County, NY so within 25 miles of NYC, CT, and NJ but are not sure what area are a good value. I would love to get some opinions on what has worked for others in the past. 

[Alex Horelick]

Hey Michael!

Congrats on choosing to start your real estate journey! It is definitely a bit tough to find good cash flow in Westchester right now but it is still a great market for a long term buy and hold and bet on future appreciation. I'm an agent in the area and started with a house hack here for my investing career. Couldn't recommend it more even though the first year numbers aren't going to be that exciting right now... I would recommend focusing on areas of long term growth such as good schools and/or good commuting proximity to NYC (metro-north, etc). That way you'll be assured to have the most likelihood of future appreciation potential. Feel free to reach out if there's anything I can help you with!