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Updated over 3 years ago, 03/16/2021
Westchester NY cashflow rental
Hello, I'm very new to RE investing and was hoping for some advice or places to start. I've recently come into about 800k and am thinking of outright buying a property in Westchester as a rental for consistent cashflow. I am not interested in leveraging/financing with a mortgage. Ideally, this will be a buy and forget deal where there is minimal input on my end.
Does anyone has any thoughts about what potential pitfalls I should be aware of, yields I should be aiming for and/or any contacts in Westchester area (preferably lower Westchester like White Plains/Rye).
Thank you!