Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
Finding a Market when living in NYC
Hello all,
I am new to the real estate investing world and am in the process of educating myself on how to invest in rental income properties that I can hold for the long term.
My biggest concern is finding a market to research for the first purchase. I live in Brooklyn. I do not plan to stay here more than 3 years and have some contacts in NW Florida as well as upstate NY that could potentially help with management.
Most of the info I come across recommends purchasing the first home in your own neighborhood. I cannot do that here in NYC.
What would you recommend a newbie like me to do in seeking out a market for investment purposes?