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Originally Posted by emthree
Realestate in the NY/NJ area now have to be looked at as investments.
If they let that go for 375 and you drop 50k into it, you could bring it up pretty close to the 500k mark pretty fast.
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maybe, if you are just buying one to flip.
but greater leverage can be had by buying property at 100 times monthly rental or less.
to build a real estate empire fast you need tenants paying your mortgages.
clue: midwest. some areas in the south, upper western states (dakotas), mi, wi, mn.