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Updated almost 9 years ago on . Most recent reply
NYers investing out of state, where are your properties located?
Hi,
I'm interested to hear from investors based in New York that have chosen to invest out of state. Where are your properties located, and what factors drove your decision to invest there?
Most Popular Reply
Florida with family because they liked the weather and the attractions. One started as a vacation home but turned into a rental.
Under my own LLC Atlanta GA. I chose Atlanta because
- it is the international transportation hub of the south east having the busiest airport in US
- It has a diverse economy with many Fortune 500 companies setting up offices there
- friends and family that moved down there
- met some investors that were from NY that invested down there
- good size population
- average salary is high enough to pay me rent and rent is decent enough for me to make a profit
- price it is way cheaper than NYC