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Updated over 6 years ago,
First property questions
Hello everyone,
I am an investment sales broker in nyc and I also have been investing passively with a syndicator for the last few years which has gone fine.
My question is this. In your opinion would it be a better strategy to invest passively in a market like Brooklyn which is appreciating very rapidly average returns of 10-20% cash on cash.
Or to invest in low income neighborhoods in Philadelphia and buy 2 family houses making around 20%-30% but not much future growth.
I like the idea of building my own portfolio but I have limited access to capital and I don’t want to have a lot of partners to worry about.
Any insight would be greatly appreciated.
Heshie