Investing in one bedroom apartments in NYC

[Tracy Mabiala]

Hi all,

I am new to investing and currently saving up for my first investment property. At first I was looking into multi family homes and apartments with more than one bedroom. However, I realized that I can make a similar profit with a one bedroom as with a two bedroom ( at least here in NYC). The one bedrooms are much cheaper and easier to afford the down payment.  I was wondering on what anyone else's experience was like investing in one bedroom apartments and any tips would also be super helpful.