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Updated almost 9 years ago on . Most recent reply

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Eric P.
  • New York City, NY
348
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Outskirts of NYC

Eric P.
  • New York City, NY
Posted

Common advice on BP to people who live in expensive areas seems to be "check out the outskirts of your metro area". With that in mind, as someone who's looking for buy & hold properties, for cashflow purposes, that are already in good condition (bc I'm too busy with my full-time job to rehab something), it looks like there are maybe some possibilities:

In general, it looks like there's condos in good condition ~50-60 miles outside of nyc, along the 3 commuter rail lines (NJT, LIRR, MN), in areas with good schools (not Newark, not Paterson), listed for reasonable prices ($100k-$200k) that rent for decent amounts ($1500-$2k/mon).

Has anyone looked into these?

Most Popular Reply

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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,295
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Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Replied

Got a hold of my friend @Darren Sager - he is killing it in Jersey! 

P.S. For a good cup of coffee in NY, and a slice of pizza, Darren will spill his beans to you :)

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