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Updated over 2 years ago,
New Member from NYC. Curious about best areas to invest.
Hello everyone,
I'm a new member of BP, I've always been really interested in real estate investing and decided this year to begin building my portfolio.
I'm really interested in house hacking and renting out multi-family homes, but living in NY I'm not so sure if this is the right area to pursue these investment strategies. I'm not sure if buying a home in the NYC area is a smart bet since 1) everyone lives in apartments and 2) Houses are crazy high and low quality. I always wanted to do a house hack for my first property, but I don't believe it's the right move which is why I'm hesitant.
I'm interested to hear the communities thoughts on the best areas to invest in NYC, or if I should look elsewhere due to the strategies I want to implement.