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Updated over 5 years ago,
1st real estate investment on 100k salary in NYC
Greetings savvy investors! I am a young professional making just around 100k in the big apple. I was hoping to get advice on which type of property and borough is a smart financial move. New York has ridiculous rental prices and after this year I want to take the plunge and purchase my first home! I want I know if this a smart move to make in a large city. Should I wait to move to a more affordable state which would probably be in 3 years if I decided to do that or not waste time or rent money and just purchase a home here? Or commute to Jersey? Is my salary not enough to profit in the long run? Please S.O.S!