All Forum Posts by: Sunny Krishnani

Thanks for all the responses! 

Ali I am interested in out of state too but am so new to this that I figure I should get something local under my belt first!

Understood! I will take a look at the neighborhoods you mentioned! Thank you very much for your help today!

 Hi Tyler,

Thank you for your response!! I can't believe how powerful BiggerPockets is that someone is already willing to give me some advice.

Have you had success renting in the Long Island area? I started looking in Hicksville first, but prices have appreciated so much already.

Patchogue seems to be another area I'm interested in so I'm doing some research.

In terms of you mentioning C and D properties- are these technical terms that I should be aware of? Or are you speaking colloquially?

I just want to make sure. As they say, "you don't know what you don't know."

Hi All,

I am new to BiggerPockets and this is my first post! Hope I am not breaking any forum rules or etiquette! I live in Long Island, NY and am looking to purchase my first single family rental property. I am having tremendous difficulty finding properties that have a fair sales price in comparison to the rents I believe I can get. The appreciation and asking prices seem so out of reality.

Specially when considering the 50% and 2% rules! I know these are just frameworks but I cannot seem to come even close.

Has anyone experienced similar? How have you navigated locations like this? 

Thanks for taking the time!