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Updated over 5 years ago on . Most recent reply

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Nikko Q.
  • New to Real Estate
  • New York
4
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5
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Newbie w/ no money in market like NYC?

Nikko Q.
  • New to Real Estate
  • New York
Posted

How does one with no money and experience get started in a high demand market like NYC?

Most Popular Reply

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776
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776
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Frank Geiger
  • Rental Property Investor
  • North Carolina
776
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776
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Frank Geiger
  • Rental Property Investor
  • North Carolina
Replied

You need to start with a few basic financial principles: Earn more, spend less, and save enough to get into a low downpayment mortgage like the FHA. I hear lots of stories from city folk house hacking with rooms in expensive markets. That may be a strategy to explore.

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