New Investor In NYC
Hello Bigger pockets community, my name is Xavier and I'm looking to start real estate as well as real estate investing. I am currently working a W-2 job to build proof of income as well as building my credit. Im very interested in the concept of "House Hacking." Ive read and currently am reading books on how to invest into rental properties as well as what is needed to do so. With me being so young (19years old) as well as living in an expensive market (NYC), I'm curious on a few thing and hoping whoever reads this can helps me.
1. How much should I save for a rental property?
2. How much did you save and spend on your first rental property?
3. Is the market in NYC worth investing in, regardless how expensive it is?
4. Am I too young to invest into a rental property?