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Updated over 8 years ago, 05/13/2016
Looking to invest in New York
My family and I recently relocated to New York City a few months ago because of my job. Renting a closet for the same price that I would rent a Mcmansion in Miami isn't very fun so I'm interested in investing in a multifamily (2-4 units, owner occupied). So far I see that your money doesn't go very far here. Are there any BP members that are experienced in this extremely weird real estate market? I have been looking on Realtor/Zillow but everything I look at is either undercontract or cash only. I'm looking for something in the 200k-300k area. This would be extremely possible in most parts of America but New York seems to think their properties are made out of gold. Any help would be greatly appreciated.