Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

2
Posts
0
Votes
Adele DiNoia
0
Votes |
2
Posts

I'm from NYC. I can't figure out what market to start in.

Adele DiNoia
Posted

Hi there everyone! First time poster, long time lurker.

As my post title states, I am from NYC but don't think that I will start investing in this area. Prices are too expensive and laws are very tenant friendly so it makes me a bit nervous. 

I'm having some trouble narrowing down areas in which I would like to invest and am wondering if any of you seasoned investors have some advice. So far, I have thought of a few:

Sound Beach/Rocky Point, NY. I am seeing good homes on the market for sub $300k, and the reason why I like this area is because my parents are landlords there and it is a familiar place to me.

Bridgeport, CT. I have heard that some parts of Bridgeport are gentrifying. I know next to nothing about Bridgeport but have heard good things (and have also heard that caution must really be exercised to get the good deals).

Philadelphia, PA. I love Philly and wouldn't mind house hacking here out of all the locations I've narrowed down. It seems that Philly is an order of magnitude less expensive than NYC (lol) but rents are strong.

Pittsburgh, PA. I know next to nothing about Pittsburgh but that it is a bit of a "gentler" market than Philly. 

My goal is to purchase sub $300k, and buy and hold. Long term goal is to have a portfolio of numerous properties and hopefully invest in NYC one day. Thanks for any advice up front! 

Loading replies...