I want to invest in some real estate. However, in Manhattan, where I live, all the property seems to be multi multi million dollar buildings. I’ve thought about expanding my search 50 miles out, but I do not drive. The affordable properties in say Newark all seem to be in the "ghetto"…I realize that there is to be made in this demographic, but I want to buy pretty properties/locations that would appeal to more of a middle class community. Any ideas on how to get started. I’m totally priced out of Manhattan, unless you can think of another way. Thanks!

 

  • Piggiepants 5:05 pm on August 22, 2010

    Use Google Street view to check out the surroundings or do a virtual walkabout of neighborhoods to check them out if you don’t want to go out and see them yourself. And remember, Manhattan is one of 5 boroughs so look to Queens or Brooklyn for investment possibilities. Consider using a broker to pre-screen for you and find privately listed properties.

  • njyogibear 5:05 pm on August 22, 2010

    Figure out how much you can spend, then find neighborhoods/locations where you can buy in your price range. if you go to realtor.com or zillow.com and search by zip code or name of the town or neighborhood you can get an idea of the price range for each section.

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