Your thoughts on buying investment properties in the Mastic Beach/Shirley area (rental market)

[aj2007]

What are you thoughts on buying investment property in the Mastic Beach/Shirly area? I love the Smith Point County Park and I thought getting a house in that area would be nice to use as a summer house and maybe sell later when the area gets a overhaul. What do you think about this idea? I see a lot of houses I like in the 150-220k range that look like they could be great investments. One last question how much do you need to pay in this area to get a waterfront house. Meaning a real view of the water and a dock on your house.

[TomMoser]

I would stay away from that area for a while. Prices came way up over the last several years and now it is falling hard. Give it 6 months to a year and you may find some true bargains there.

[aj2007]

Originally Posted by TomMoser

I would stay away from that area for a while. Prices came way up over the last several years and now it is falling hard. Give it 6 months to a year and you may find some true bargains there.

Thanks for the advice. I can always wait to get a better deal.

[JC36]

How's the rental market in Mastic? Is it difficult to find tenants?

[Kbinspections]

You get whaty you pay for........the area is just too unstable with large swings in prices to make investing worthwhile. It is tempting because the area has great potential, but I would move on.

[Glad2BHere]

I would not do it. No way.

[Nicky42]

In addition to everyone else's comments: I think the land is "low lying" and mosquitoes are a real quality of life problem.

Nicky

[chodearm]

I did it and love it. I know a lot of people coming out from Williamsburg, Brooklyn and buying up properties for beach retreats. Get em while they are sooooo cheap.