Tips for buying the first home in NY

[Jinwoong Joung]

Hello BiggerPockets members!

My name is Jinwoong and I joined as a Pro member after reading Brandon's real estate books and listening to his webinar about BRRRR strategy. I'm really committed to become a real estate investor and I would like to start with buying my first house.

I live in Queens, NY and I will be start working as a software developer in midtown Manhattan from January 2017.

I learned from various resources that I can get FHA loan with 203K loan, and I'm interested in buying multi family house. However, the problem is that the house prices here are very expensive. I would like to know how can I find good deals with a close location to my work place.

I found Union City, NJ and Jamaica, NY are relatively close and cheap place to start. If you have any kind of tips and comments, please let me know. 

Thank you.  

[Chris T.]

@Jinwoong Joung

welcome to BP! 

Keep in mind everyone is looking for a good deal. However, everyone's definition of 1 is different.

You need to figure out what your criteria is. Start with an experienced real realtor who is also an investor. Then network in your local REI, let them know what you want to do.

Good luck!