Where to Start investing NYC

[Account Closed]

Hello all, I'm a beginning investor living in Staten Island NYC. I can't really afford to invest in my area for obvious reasons (NYC market) so I'm looking to invest within an hour or two of my home. I was thinking of looking for investment properties in Philly because of its close proximity and reasonable priced properties. I'm looking for feedback, maybe other members have invested successfully in an area with an hour of two of NYC and have some tips for me or other areas that may potentially be a place to begin investing. Thanks!  

[Lelith Walker]

A few people in REIA NYC have invested in Philly successfully and I have family there. It is one of the best markets closest to NYC that is affordable and yet you can make a nice income. The key to any market is getting the right team first before buying property. Next is to consider the neighborhood that you want. West Philly is the Obama promise zone area. Its definitely starting to change already in certain sections. You will have to check it out for yourself because a few blocks will be nice and others will be drug houses. University of Penn is also trying to expand in the area but there are a lot of issues with that. Try to stay close to SEPTA because women coming home alone at night may not want to walk too far to home when they are alone. In a few years it probably will be too expensive. I would not do south Philly for safety issues.