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Updated over 8 years ago on . Most recent reply
Motivated to Start - Surrounding areas of NYC
Hi BP Community!
I just watched the webinar last night and I am more motivated than ever to start RE Investing!
I live in Queens NY and originally wanted to invest in this area or Brooklyn but the more I analyze, the more i find that this is a tough area to find the positive cash flow deals (Average $500K+ homes with $2-3K Total Rent Income) . So i started to look at surrounding areas in NJ,PA, CT and long Island. ..
My questions are:
- How can i find out if there is a market for renters in a specific area? (some areas look desolate in the pictures)
- How can i find out if people are moving into that area or moving out?
- Are there any area suggestions for me to look into?
Thanks in advance for the help and advice,
Paul