Updated about 5 years ago on . Most recent reply
How can I get started with RE if I'm in NYC?
I currently own a co-op in Brooklyn, NY, which I plan to put on the market, and then use some of the proceeds toward an investment property. (I also have a HELOC on my current apt, so may be able to leverage that.) Currently, my main focus is to learn, learn, learn.
My current main top question: how does one get started with RE Investing if living in NYC?
I read a lot about buying multi-family properties but I think those are outside my budget in the city. Additionally, most apartments here are co-ops and condos, which don't seem to lend themselves to the strategies I've been reading about. Maybe I'm wrong?
Should I not even consider NYC for my first time investment property and be looking elsewhere?
Looking for any tips and advice! Also, if you are in the NYC area, please reach out!
Most Popular Reply
You should read the Long‑Distance Real Estate Investing by David Greene. I'm also from nyc and properties here are just too expensive so I'm looking out in PA to get started. Plus trying to house hack with a FHA loan in the city would be too hard to come by (in my opinion).