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Updated about 6 years ago on . Most recent reply

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8
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3
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Michael LaRocca
3
Votes |
8
Posts

Investing in long term rental properties on long island

Michael LaRocca
Posted

Does anyone have any experience or recommendations for investing in the Long Island/ New Jersey area? I have lived here my whole life and want to get an investment property under my belt close to home. Trying to find a good rental property is tough im torn if the better approach would be single family rentals in nicer areas with better school districts, or to save more and look closer towards the city. Or to look for multi family properties in cheaper areas like Mastic Beach and Shirley. I mean they're are beach from properties and it seems people are moving further and further out east so I am curious if these areas could become desirable one day. And lastly if the better approach would be to invest somewhere in Jersey instead. If  anyone has experience in any of these areas the advice would be really appreciated!

Thank You!

Most Popular Reply

User Stats

102
Posts
74
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Gwyeth Smith
  • Rental Property Investor
  • Huntington, NY
74
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102
Posts
Gwyeth Smith
  • Rental Property Investor
  • Huntington, NY
Replied

@Michael LaRocca, I am born and raised on Long Island and invest out of state.  I know people who successfully invest here.  I have also heard horror stories due to tenant/landlord laws.  For me, personally, I choose to go out of state.  As I said before though, I know people who are successful here.  I always thought that investing in an airbnb on the North Fork would be a good play but don't know the viability of it (that's not my investing strategy).

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