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Updated almost 10 years ago,
Newbie! NYC/NJ/CT tristate area
Hello Everyone!
I am a newbie to the real estate investing arena!
We are from NYC (downtown Manhattan) however, we are not looking in our area for investments (for obvious reasons :))
We wanted some advice:
1- First off, I wanted people's opinions on the best niches for us:
We are a couple, my husband is a doctor,and I own a food business (start up)
We want to get into real estate to help fund my business and to get him out of medicine!
But... we have high expenses (approx $35k/month) so... we understand that real estate is not a "get rich" quick scheme, however we would like to find a lucrative cash flow business for us... we thought of commercial and medium size apartment buildings.
2- I am on the introverted side so I'd rather not be knocking on doors and cold calling.. so I also want to know because of that, what type of real estate investments would work for me as well....
Any advice?
Thanks!
ilona