Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

62
Posts
11
Votes
Paul Chae
  • Investor
11
Votes |
62
Posts

Buy and hold for Newbie in NYC

Paul Chae
  • Investor
Posted

Hello everyone! I am a 30y old male brand new starter who has no experience in RE.

It's my first time putting up ost here, just having read, read and read again and now I think it's time to put up a post of my own and take action.

I live in Queens, NY and have full time job 12h and 3days a week schedule.(currently on a vacation). I'm interested in small games like condos, studios, single family priced at up to 350k in a low priced area(Bronx, Jamaica, Somewhere in Brookly maybe) and looking to go for them for as little as $100/mo or even for -$100, depending on the property's potential.

I know it's hard to pull off cashflow in this area(I am considering out of state or anywhere within 3hr drive), but I think I am still going for it at least for now

I am trying to get connected to as many real estate agent as I possibly could. I am going to some properties this weekend I believe, and could proceed If I think it's the good deal after running numbers.

Do you guys think I am making a not-too-bad move as a newbie?

If you could give me any piece of advice, It would be much appreciated.

Thank you all and happy thanksgiving!

Loading replies...