House Hacking in NYC: Neighborhood? How much can I afford?

[Christopher DeSimone]

Hello BB!

By way of introduction, my name is Christopher DeSimone and I am currently a 23-year-old CPA working at a big four firm in NYC. I recently finished Brandon Turner's book Rental Property Investing and I am eager to get started on building my real estate portfolio.

I have set a goal of obtaining a multifamily property to house hack in Queens/Brooklyn by July of 2022. I will finance this purchase through an FHA loan where I will put down 3.5% and then in one to two years post-investment refinance into a conventional loan.

But as I began to take action, I ran into two distinct problems:

1. 1. Which neighbor should I invest in?
2. 2. How much can I afford?

Does anyone know who I should talk to to answer these questions? Any insight is greatly appreciated.

Best regards,

Christopher DeSimone

LinkedIn: https://www.linkedin.com/in/chris-desimone/