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Updated over 6 years ago,
yonkers ,mt vernon, the bronx which market is better
hello guys. Iam new to bigger pockets and I would like to toss out some ideas that iam having regarding my first home purchase. Iam currently analzing the yonkers ,mt Vernon- and Bronx realestate markets. my plan is to p-urchase a 2 family home to receive rental income while iam living in the property with my family.this property will eventually be fully rented after I transition my family out.my question is which market do you guys think is better . iam trying to desperately capitalize on either on going gentrification or gentrification that will happen in the near future. Iam currently a harlem resident who is priced out of his own neighborhood. I refuse to be bitter, instead I'm looking to find the next harlem. mt Vernon has high taxesand no planned development anytime soon. theup and coming areas in yonkers seems like it has away to go and the Bronx seems to have the most potential right now due to the fact that its already gentrifying at a high level.In other words do I jump on the Bronx train now. or get a better deal in Westchester aka yonkers and mt Vernon that should gentrify at a later date