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Updated over 3 years ago,
Need advice for NYC first time home buyer
Hi everyone! I’m currently in the process of closing a deal for a studio apartment in NYC. The unit is sponsored by the building and after a couple hurdles it seems like we are getting closer to closing. I don’t have any relatives/friends in this country that own real estate so I’ve been pretty much navigating this on my own for the past couple of months. I would really appreciate if anyone has any first time homebuyer tip/ they could share. I plan on living with my mom in my current apartment, and renting the new apartment out to someone else so the mortgage will pay itself. I’m a bit nervous because I’ve never been a landlord and I don’t know the first thing about marketing the apartment. My real estate agent said I should wait until the deal is finalized to start marketing the apartment online. What is the best way to find tenants??
In general, any advice you could share would be really helpful to me!!