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Updated about 3 years ago,
Best Investing Strategy on Long Island
Hey Guys,
Im looking to get into real estate investing on Long Island but I'm not sure what the most effective strategy is. It seems like the prices are too high to buy and hold as a rental because it wont cash flow. I also want to use a strategy that will give me some short term money to invest in out of state rentals. I was thinking flipping and/or wholesaling. Are there certain areas on Long Island that are better for these strategies? I am also an agent, but I am having a hard time finding flip deals on the MLS. Is driving for dollars the better way to go? or foreclosures? I am very motivated but I don't know where to start. Especially on Long Island where the house prices and property taxes are extremely high. I would appreciate any input from anyone who is doing this on Long Island and would love to connect with new people.