Investing/House Hacking near Brooklyn NY

[Ori Holzman]

Appreciate any help or suggestions. I live in Brooklyn NY, zip code is 11212. Real Estate is extremely expensive around here. What are some good options nearby to look for house Hacking? Starting on a small budget. Thank you

[Jack Browning]

I've been in New Rochelle for over a year now. Bought a 4-plex and owner-occupy, purchased with an FHA loan. Property is cash-flow positive with me in it, and I'm 35 minutes to midtown.

Not glamorous, but having no rent/mortgage payment out of pocket feels like a winning a lottery ticket every month in the NYC area.  Frankly Yonkers and Mt. Vernon may still be a bit dicey in some parts, but New Rochelle has a massive amount of investment going on right now and has good transit 'bones'. Right on 95, Metro-North & Amtrak. Easy commute to the city and 25 minutes to LGA. Up and coming downtown area and a number of developments going up. 

Hopefully things stay up in the air long enough to get built out and occupied before the next downturn, but I'll be happy owning here for the next 5-10 years with confidence.