You have to think out of the box in these NYC, Westchester, Long Island, markets and move quick.

Purchase price: $205,000 Cash invested: $50,000 Sale price: $315,000 Oak Island, North Carolina Beach House Renovation turned Short Term Rental.

Between the interest rates and cost of houses, I have been very hesitant to pull the trigger, especially me living in NY on Long Island where the cost is insanely high.

Bonus for owners in Oak Island NC.

I'm in Fort Walton Beach/Okaloosa Island (10 miles west of Destin).

Hey guys,First time post but really enjoy reading all of your posts and insights it has been extremely helpful to my wife and I who run an STR in Oak Island, NC.

Shoot me a message @Sam Solomon and we'll meet up!

I am a real estate agent in NY. I am looking to be an investor. I would love to contribute in anyway as i learn the business. If anyone could guide me in this aspect that would be great.

Have you thought about flying in, renting a car and (if you feel it is safe) walking the area and getting a feel for what is going on.Make sure to try the Coney Dogs while you are there: https://visitdetroit.com/inside-the-d/coney-island/You can learn a lot more in person, than you ever can from third hand reports.Talk to the local Police Officers about crime.Good Luck!

Not just to shop rates & fees, but also because each mortgage professional will explain things in different ways, and this will greatly enhance your understanding.If you want some experienced mortgage bankers to consult in the Long Island / New York City area (some of whom also do loans outside New York State), feel free to message me on this forum.