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Updated about 2 years ago on . Most recent reply

User Stats

265
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41
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Edwin De leon
  • Investor
  • bronx, NY
41
Votes |
265
Posts

What Advantage Buying Bronx Single Family Versus 2 MF in CT or PA

Edwin De leon
  • Investor
  • bronx, NY
Posted

if you had a choice to invest in a single family in bronx ny with a complete basement finished apt versus a 2MF in CT or PA what would you decide upon and why ?

I am now considering either buying a single family in Bronx, and wondering if it would be a better investment opportunity or Return on Investment versus buying in CT or PA.

I am wondering if it is worth while to go for the appreciation rate in Bronx, and how much  higher appreciation rate would be  than CT or PA, a single family can be picked up around for 380k-400k ... what would be the approximate appreciate rate in 1st year, 3 rd, 5th year 

Most Popular Reply

User Stats

729
Posts
628
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Calvin Thomas
  • Developer
  • New York City, NY
628
Votes |
729
Posts
Calvin Thomas
  • Developer
  • New York City, NY
Replied

Stay away from NYC unless you have deep pockets. If something goes wrong and you need to evict, normally, it's six months to a year. Now, closer to two years I am told for non-payment. You can get rid of someone in CT or most PA cities/towns within 60 days. You couldn't give me a home in NYC to manage or take over.

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