Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago,
Where? Up to 3 hours from NYC, looking for decent 1% SFH.
I'm tired of looking at properties in Florida, while I live in NYC right now. I would like to pick up a decent property with good schools within a 3 hour drive from NYC. Prefer somewhere with skiing nearby (at least I can go skiing when doing inspections, lol), like Blue Mountain or Hunter Mountain. Taxes that aren't crazy (forget NJ). I pretty much want 1% rent, so if the property costs $160k after making it rent ready, I want $1600 rent easily. Of course I would want to buy a property where the Zestimate is at least 20% higher than purchase price. I could pick up 2-3+ of these properties in 2016 easily... Anyone have any suggestions. I was looking around Allentown, PA, but the rents are pretty low for the purchase price...
I'm so eager to fix up a place to rent out to a nice family. For some reason I like working on my own properties, lol. I would actually prefer a place where the kitchens and baths need to go, of course it must be reflected in the price, and definitely no major issues like roof or structural or anything that would need permits or contractors...