Where in New York for a first deal?

[Jason Gaccione]

Originally from Long Island and currently living in Astoria, Queens and am looking to purchase my first rental property. I'm thinking a single unit or affordable duplex, however, I am not sure what part of NY to look. NYC I think is out of the question due to high cost of entry so I'm debating Long Island or Upstate NY. Any advice would be greatly appreciated! Thank you!

[John C.]

I've purchased from foreclosure auctions in Queens before, and the margins arent that wide. In NYC, you're banking on a lot of appreciation. However, in 3 families buildings in some parts of Queens, I can find 6-7% returns. Let me know if you need any help.