Obviously, individual neighborhoods will have different rates of change, but this is a good general overview of what's been happening here.

Keep $60 000 in a savings account to cover unexpected costs and expenses while you gain a little more experience about real estate investing.Secondly, try to purchase a fourplex in a "good" neighborhood for around $150 000.

You're likely either looking for a good retail listing agent (if your leads have equity and are interested in selling) or you're looking for a good short sale agent (if your leads don't have equity and want to sell short).If you're looking for a retail listing agent, drive the neighborhoods where your leads tend to be, and look for the agents who seem to be selling the most houses in that area, that price range and that style of house (you can see the agents by the signs they put in the yards).

You can go to a neighborhood, do a street view, look around and if you see a property that looks like it may need a little attention, etc., zoom in, get the address, look up property info, and call the owners.

Depending on your level of leverage, you should be cashflow neutral after taxes.Oh, and the only harlem neighborhood with a better GRM than yorkville is central harlem and is about .5 less.

You can find deals in safe neighborhoods like this but you have to sift through the properties on the market to find them.

Actually the more I think about it the neighbor could be a real problem for a retail buyer.You have a new construction bungalow that just went on the market for 275k just down the street (more “inside” the neighborhood and not on the fringe).

A little background- 7 years ago when I was 18 my boyfriend and I got our first apartment in the neighborhood he grew up in.

IMHO, you need to get on a plane and go have a look at the property and the neighborhood in person.

My neighbors who own homes love that I am beautifying the neighborhood and picking great tenants.