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Updated about 1 year ago on . Most recent reply
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Newbie real estate investor Should I invest on Long Island?
Hey! my name is Zack, I'm 28 years old and live in Farmingdale, NY (Long Island). I'm fortunate enough to be living at home rent free and have managed to pay off all my debt! I'm a newbie real estate investor. So I signed up on BP back during the pandemic as a newbie real estate investor! The problem was...I had no cash at the time haha. as you can see, this could make real estate investing...well...more difficult. so I put real estate investing on hold, lived life, and saved money (at the time being a plumber apprentice). so now as of 2023 I'm happy to say I'm ready to make move in the world of real estate investing! Now I'm pretty open to most strategies (rental, BRRRR, Flip, House hacking etc.) I would like to be more involved in active income strategies as opposed to Passive ones (again I'm pretty open minded) but I'm in for a high risk, high reward type of investing. I have an investment budget of $35,000. I'm in the process of getting pre-qualified just to get an idea of what I can afford! my questions for everyone is:
do I have enough to invest in Long Island?
Is investing on Long Island too challenging for a newbie?
Should I take on out of state real estate investing as a newbie?
like I said, I'm open to any advice and recommendations. as well as feedback, no matter how brutally honest it is. Thank You for stopping and reading my post and I appreciate every reply that comes with it!