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Updated over 7 years ago on . Most recent reply

User Stats

10
Posts
3
Votes
Luis Cruz
  • Brooklyn, NY
3
Votes |
10
Posts

Figuring out my real estate investing strategy and goals...

Luis Cruz
  • Brooklyn, NY
Posted

Hi guys

I am new to Bigger Pockets, have been doing some research on real estate investing, and I am ready to get into it. I am in New York City and I have been thinking about which strategy to approach investing. After listening to the podcast and hearing people's story about owning units and cashflow, I feel like this is the strategy I would like to go.

I had dinner with a friend who is a broker and he was so determined to change my point of view. He believes in buying homes and flipping fast. My point of view is one that's more long term and I am leaning more towards developing a portfolio of several multi-family homes.

What do you guys think about my strategy in an expensive market like NYC? Any advice?

Most Popular Reply

Account Closed
  • New York City, NY
172
Votes |
420
Posts
Account Closed
  • New York City, NY
Replied

Luis, if you can get the properties at a discount. Buy and hold is a great strategy.

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