New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago on . Most recent reply
New Investor in NYC
Hi
My name is Folly. I live in New York City. I am a new real estate investor, I would like to connect to local Real estate investors.
Is it possible to invest in NYC real estate market? Please advise
Most Popular Reply
#3 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- New York, NY
- 3,694
- Votes |
- 8,153
- Posts
#3 Tax, SDIRAs & Cost Segregation Contributor
- Accountant
- New York, NY
It is always possible to invest in any market.
I think some strategies work better in certain markets that may not work in others.
NYC is a high cost of living state so you may need more capital compared to other areas.
I lived in NYC for 35 years and I moved out 2.5 years ago.
When I visit, I feel like the city has changed(for the worse).
I think its a great market to make your money(high salary) that you can then use to invest in other markets that both have a cash flow and appreciation opportunity.
best of luck investing!
- Basit Siddiqi
- [email protected]
- 917-280-8544
