Deciding what city to invest in??

[Jessica Doolittle]

Hi,

I am a novice investor and am struggling with choosing a viable city to analyze as I currently live in NYC and have no car. I would really like to invest in nearby areas/states and would like to begin with purchasing multifamily rental properties.

Any tips on how to even begin searching for good markets/properties??

Thanks in advance!

[Serhiy Kralka]

@Scott K. @Jessica Doolittle @John Geldert I second what John said, picking your investment strategy will depict the areas you should be looking for investments. 

I'm from NJ and my gf is from Long Island and the BRRR that is so highly touted on BP will be really hard to employ in these areas. The property taxes and lack of affordable housing are two major hurdles. The strategy that works in these areas is fix and flip (add-a-level) in towns that either have a train line (NJT or LIRR) or border a town that has one. Those towns are where people are moving and where appreciation is the greatest.