If you are looking to network with the locals, set up keyword alerts and any time someone is talking about nyc, brooklyn, queens or anything else that interests you, you will know.Happy Investing!

However, has anyone done a flip within the Queens or Brooklyn area on a multi family home (2 Family to be exact) with an FHA 203k, and a purchase price of 360k-450k?

Hi @Elizabeth Wilson, the issue is with disclosure, as mentioned.  

I would love to invest in something right in my backyard however the Jamaica Queens areas are not that great.

I have recently noticed a bunch of new mansions being built in queens ny near my grandmothers place and i thought it was weird but it put 2+2 together and it made perfect sense Scarsdale and Manhasset are now so overpopulated and the property taxes are so high it makes sense for the upper class to just live in the city than the suburbs and save 40k$ a year in property taxes on there 6million dollar mansion and send there kids to private school bc after all there kids will graduate and move on hopefully and taxes are forever :(  With that in mind if your in the really hot trendy central area with great property taxes than yea you'll probably be golden in 2 years but if the area is really hot but not so central with higher taxes maybe not so goldenso all in all i think take all the advice here with a grain of salt bc it may be the smarter thing to live there if you know you want to live in that area anyways and can afford to do so but at the same time you don't want to commit yourself to something that may close the door to other opportunities further down the line...good luck and be sure to let us know how everything turns out...

@Elizabeth Wilson- Well thanks for throwing that out so quickly, what day do you typically do that or is it varied?

Elizabeth 

Hey @Elizabeth Wilson,Thanks for the reply!

Aloha Hadar,We have a 2 bed 2 bath lockout unit and we typically rent it as a studio (no kitchen) and a 1 bed (full kitchen, with pull out queen bed in living room and king in bedroom).

Evan Kirkpatrick is a phenomenal CPA.I've heard Elizabeth McFarland is a good RE attorney here in Georgetown.