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Updated almost 6 years ago on . Most recent reply

User Stats

50
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11
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Alexander George
  • Rental Property Investor
  • Greater NYC Areas, NY
11
Votes |
50
Posts

How would you find DEALS in NYC ?

Alexander George
  • Rental Property Investor
  • Greater NYC Areas, NY
Posted

Say you have 20 million to play with... How would you find great deals in NYC? (Think critically about it for a second. Don't just make a joke about having or not having $20M!)

Most Popular Reply

User Stats

208
Posts
271
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Holly Williams
  • Rental Property Investor
  • New York City
271
Votes |
208
Posts
Holly Williams
  • Rental Property Investor
  • New York City
Replied

I would look outside of NYC, and outside of NY State actually.  I'm super bearish on NY right now.  WSJ reported earlier this month that the population of NYC is actually declining for the first time in recent memory. (Link below)  I live here, and EVERYONE I know with the exception of a handful of lifelong New Yorkers is preparing to move just as soon as they can. I see that you live here as well, and I'm happy to have a coffee and compare notes...maybe you know different people.  Not to say that NY won't rebound, but we are going to need to get "new management" in here, and I don't see that happening anytime soon either.  Quite the opposite.

https://www.wsj.com/articles/new-york-citys-popula...

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