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Updated about 7 years ago on . Most recent reply

User Stats

48
Posts
16
Votes
Joanna Golden
  • Rental Property Investor
  • Dobbs Ferry, NY
16
Votes |
48
Posts

Multifam far from home - great ROI, not great location.Thoughts?

Joanna Golden
  • Rental Property Investor
  • Dobbs Ferry, NY
Posted

I live in NY area and am looking at my first time investment in a sleepy town in PA (York City). This is a B- to C neighborhood but the price is fantastic, needs minimal work with strong cashflow if I can get good tenants in. I would also need to rely on a prop management company since I am far away, and likely would need to work with them to find great tenants too. What do you think as a first time investment? I am a mom with young kids and a husband who doesn't get excited about the cashflow verse the hassle but I do! I see this as cashflow, plus the learning aspect for better or worse. Thoughts?

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