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Updated almost 3 years ago,
New BUY and HOLD Single Family Rentals investor - Long Island, NY
New BUY and HOLD Single Family Rentals investor in Long Island, NY, Westchester, NY or Poconos, PA- Getting Started Advice Needed!
My name is Steve and I am a new investor launching a buy & hold business in NY and maybe PA. I live in Long Island(New Hyde Park), NY. I am a licensed Realtor in NY and 9Greenwich, Stamford, Norwalk) CT. NY/CT in my area is very expensive to begin with.
I grew up in Westchester (Port Chester and Rye), NY and am very comfortable and know that area well, also very expensive.
I have looked in Poconos PA (2-3 hours away, love the area, lots to do) , and upstate, NY (2 hours, but have friends up there that own real estate know the towns and have contractors) both much more affordable.
I have a small down payment and was thinking possibly going the Hard Money or Private Money route to get my first deal done and rip off the band aid. 😊 Not sure how to go about that just yet.
I have watched lots of episodes and they really helped me narrow down my search to single family as my first purchase. I definitely have a comfort level with single families. I eventually want to own Multi 2-4 then over 4. I am excited and looking forward to the future.
BP has gotten me to the point to start. Just need a little guidance.
Please reach out to meet up or for any advice or with opportunities, looking forward to the journey.