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Updated almost 8 years ago,

User Stats

125
Posts
48
Votes
Tyler Brown
  • New York City, NY
48
Votes |
125
Posts

Best locations for buy and hold rentals in Long Island?

Tyler Brown
  • New York City, NY
Posted

Howdy all,

My wife and I live in Long Island (Nassau County, along the south shore), and I have two properties that I rent out - one SFH in Farmingdale, and one duplex in Queens (they're actually my mother in law's, but they're owned by a trust, and I do all the day to day management of them).

In the not too distant future, I'd like to purchase another property, and I'm looking for suggestions on areas. I'm looking to buy and hold for the long term, more concerned with cash flow as opposed to appreciation. I'm open to either MFH or SFH, but typically the numbers come out better with MFHs. C and B- neighborhoods seem to have a good combination of lower home prices, but still high rents.

At first I was looking into Hempstead, but I think that might be a bit more like a D neighborhood from people I've talked to.

Some areas I'm looking at include Freeport, Baldwin, and Uniondale.  Although I just moved to Long Island myself a few months ago, so I'm not super familiar with all areas yet and would love any input on these locations, or any others for that matter.

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