New from New York (NYC / Manhattan)

[Parul S.]

My name is Parul, I live in New York City and I am a newbie to the world of real estate investing! While new to the world of investing, the last decade of living in 5 apartments throughout the city and now owning the apartment that I live in (with my husband) has given me sufficient exposure to the world of real estate to know that I was bitten by the real estate bug.

I now have a bit of capital to invest, and some free time to explore the world of real estate investing. Through preliminary research, I am considering a buy and hold strategy for passive income via single family homes using my own (leveraged) capital.

In my brief time on BP.com, I have been very impressed by the knowledge, camaraderie and overall generosity of the members of this site. I look forward to the year ahead!

In terms of next steps, my first challenge is to find a neighborhood that I want to focus on. Unfortunately, the neighborhood I am most familiar with (Manhattan) does not currently provide realistic or attractive options for my level of capital. I am open to focusing on neighborhoods anywhere in the country. Any suggestions, blogs, articles on how to develop and hone knowledge of locations/neighborhoods? Thank-you very much!

[J. Martin]

Hi Parul, and welcome to BP! I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! But you’ll find a variety of every type of investor on the site, and everyone is amazingly helpful. Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members! You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile. And you can tag people by typing @ before you type their name, then clicking their name at the bottom of the message box. Welcome to the site, and good luck in everything!