NY (Long Island vs upstate/out of state)

[Jason Aro]

Hi,

I live on Long Island and have been doing my research to buy my first smaller multifamily investment property. I am not sold on buying an investment property on Long Island as everything is a bit more expensive in NY, however this is the area that I know best. The cash flow might be there on some properties but the appreciation of the property usually is not. Additionally, multifamily houses are far and few between. I am interested in getting peoples opinions with regards to investing on Long Island vs the Newburgh/Beacon areas 'upstate'.  

Appreciate any feedback.

Thanks,
Jason