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 8 years ago,
Best locations for buy and hold rentals in Long Island?
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.