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Updated over 7 years ago on . Most recent reply

User Stats

5
Posts
2
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Kevin Rodriguez
  • Queens, NY
2
Votes |
5
Posts

NY/NJ Affordable neighborhoods for new investor

Kevin Rodriguez
  • Queens, NY
Posted

I am new, and have been focusing heavily on educating myself. In the near future (within the next 6 months), I would like to get serious about purchasing my first rental property. 

I would like to get a SFH for under $300,000 in the NY/NJ area. The problem that I'm having is narrowing down on a few neighborhoods. I live in Queens, and have found that, my neighborhood, and many neighborhoods around me are very expensive for beginning investors. Some other neighborhoods are heavily developed and SFH's are scarce.

Can anyone suggest any neighborhoods in the NY/NJ area (NYC, Westchester, LI, Northern NJ, etc.) that might be worth looking into for a beginning investor. Any suggestions or advice would be greatly appreciated. Thank you!  

Most Popular Reply

User Stats

65
Posts
18
Votes
Thao Kieu
  • Real Estate Professional
  • Totowa, NJ
18
Votes |
65
Posts
Thao Kieu
  • Real Estate Professional
  • Totowa, NJ
Replied

Hey guys, look around in Newark, East Orange, Paterson...for a decent neighborhood with much lower range than other town around from 100k to 200k, tax still high from 7k to 11k. I am actively looking in these town for my next rental. Good luck with your journey.

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