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Updated about 1 month ago on . Most recent reply

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Fabio Cattolico
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Want to start my investing career but not sure what first step is best

Fabio Cattolico
Posted

Hey there,

I currently live in San Antonio, TX and there is a big chance I'll be living in NYC starting next month with my partner. We are moving to network and hopefully further our careers a little. Currently we both work remotely and just graduated college. We only bring in about 85k-90k total and we are really frugal. 

I really want to start my investment journey but I'm not sure if an out of state property would be a good choice while renting in NYC or if we don't move, to move to a cheap market, live in the property for a bit and then rent it out. Problem is that a cheap market would most likely not give us the greatest career opportunities. Has anybody recommendations of cheap markets to buy rentals where we a young couple could peotentially live in vicinity to a good job market/bigger city? 

What would you do if you were moving to NYC? I will definitely try to bring in as much money as possible but I don't want to wait forever to pull the trigger.

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Basit Siddiqi
  • Accountant
  • New York, NY
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

What is your plan on networking in NYC?
Do you plan to get a job in NYC and network with your co-workers?
Do you plan to go to real estate networking events?
Would it be better to stay in San Antonio and network with people in San Antonio?
You can also take a car ride and travel to Dallas, Houston or Austin.

I think NYC is a good city if you want to work and make a lot of money. There are a lot of people in the city but I find other cities more warm for connections / networking.

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Basit Siddiqi CPA
4.9 stars
76 Reviews

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