I've pushed many of my customers and clients into condos because they make great rental properties. The benefits are many: if you have several and you need money, you don't have to sell all of them like a multi family unit, someone else takes care of the maintenance and they're very attractive to renters. Good luck. If you're ever looking on Long Island (great deals are out here), please feel free to contact me.

Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com

First of all, a condo or townhouse is often a great idea for an investment. You have the piece of mind knowing that such things as sidewalk shoveling, landscaping and exterior maintenance will be handled from your monthly maintenance. (Unless you are living close by, perhaps the last thing you want to do is to shovel snow after a day at work, and after shoveling snow at your own house.) There are also a few homeowner's association properties in Westchester, which are classified as single family homes, where these details are taken care of for a monthly fee.

A real estate agent can use the information from the multiple listing service, compare it to recent rentals in the area of interest, and come up with some candidates for an investment that could prove to be cash-flow positive. I am associate broker with House 2 Home Real Estate in Thornwood and my wife is the principal broker. We have been investing in income-producing real estate since 2001 and would be happy to work with you on finding properties that could be appropriate for your situation.

It is our thinking that rents have not experienced the sorts of declines that we have seen in the selling prices of real estate. It seems to us that this, coupled with the recent decreases in interest rates, create a very nice opportunity for real estate investments.

Your return and what you are looking to invest would be important. I wouls say lower westchester area Fleetwood, Bronxville, Pelham, New Rochelle, Mount Vernon. These places will give your prospective tenants to shops, bus, and Metro North with short commutes, as short as 25-30 mintures to Grand Central.

Dear Down


I would suggest areas closer to the city as well.

Sound Shore villages have some new developments within walking distance to the train.
South Westchester in general is a very cosmopolitan area and short commute time to the city makes it very attractive to the young people who are looking for rental as transition to the full suburban leaving.
If you need more info on this area (Larchmont, Mamaroneck, Rye,) do not hesitate to contact me.
nivetic@prucentennial.com

There are so many condo/townhouses in Westchester. Are you considering Southern Westchester? You can eliminate based on your price point, expected return on investment, expected appreciation, location, condition, amount you have to put down. If you want specific advice feel free to contact me.

Hi Dawn, Yorktown Hts., Peekskill, Somers and Cortlandt Manor have some very nice condo developments. Also, Brewster has a few very nice complex's too. Please let me know if you need any other information. lbucolo@houlihanlawrence.com