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Updated over 5 years ago,

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11
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3
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Gershom Lewis
3
Votes |
11
Posts

First Step for a New Investor in Brooklyn or Queens

Gershom Lewis
Posted

Good Day to All,

I am going through my first steps of real estate investing. Investing in Brooklyn and Queens is expensive, but I am starting where I live to build equity before I start looking in Atlanta. How should I look for a pre-approval? How do I look without bringing down my credit score? Is three enough? Should I check BP resources? I am getting three pre-qualifications for a residential two family in Queens. My options are limited being that I have only 25K for a down payment and closing. Scores are in the low 700, income is 90K, and ready to move to the next step. Once I build up some equity, I will start purchasing in ATL. My goal is to buy multi-units in ATL, but I do not have the capital or resources as yet. Making a trip in August down there to start checking out the market. I need to put boots on the ground but have some people who are helping me build my team. Just need to talk to a few property managers.

Thanks for any Feedback!

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