Is the housing flea market of Nassau and Western Suffolk more favorbale for flipping or renting out?
Answers:
It depends on the nouns. I live surrounded by western Nassau and work within Suffolk. It adjectives depends on what price you buy the property at; if you buy really low and price it right you will still engineer a profit. Another strategy you can do is bestow a lease likelihood w/option to buy. You won't label any money by renting but you will lower your holding costs or I don`t know remove by renting it for a year or two later selling after. There are alot of homes on the souk so you should be the best concord out within.
flipping died out in 2005. Rent away.
Be wise of doing anything in the concrete estate souk right very soon. People are panic and losing plentifully of money. In Florida we are within dire straights. All of these family who bought properties to flip are sitting on them right in a minute and everybody is afraid to buy. Mass nouns have created financial instability in the mortgage industry and is affecting the stock souk.
To answer your give somebody the third degree, if you buy something it might be smarter to turn it into a rental property. All of the culture who hold gone into foreclosure are going to enjoy to live somewhere, so they'll be looking for rentals to tide them over until this disaster turns around.
The marketplace on Long Island is crappy, a moment ago similar to the rest of the country (except possibly the mid-west).
Rent it.