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Updated over 8 years ago,
Newbie from Westchester County, NY
Hi All-
I'm so excited to have found this community of people. It's such a great resource of information and it's great to see how generous people are in sharing knowledge. I'm a newbie. However, I feel like everything I've ever worked for has led me here. I've made some good financial choices and now I'm in a better position to invest in real estate.
My partner and I are currently looking for a market that makes sense for us. We both want to be someplace warmer, progressive and also profitable. We're hoping to move out of NY in the next year or so. So right now, I'm planning trips to check places out (next stop Asheville/Gastonia/Charlotte) and learning as much as I can about markets and real estate strategies. My current plan is to collect the equity of my current co-op apartment, find a habitable fixer-upper for our primary residence to live in for at least two years (probably under conventional financing) and simultaneously doing a cash flip.
Any advice for someone wanting to quit W-2 income to go buy two houses?
Kerry