Maybe Real Estate Investing Is for Me

[Colin Mills]

Hi all, 

My name is Colin and I am a 24-year-old software engineer working remotely from Brooklyn, NY. I have always been interested in owning property and the potential cash flow of renting it out, but always felt like that was a "someday" goal and not something I could tangibly achieve soon. I was motivated by the exorbitant cost of rent in NYC -- wanting to start putting my rent money towards equity, rather than lining another investor's pockets.

After picking up Brandon Turner's, The Book on Rental Property Investing, I have been sold on the idea that my only limitation is me taking the first step. Given the barrier to entry is so high in this city, I am hoping to find a house hacking deal (likely accompanied by an FHA loan) that will empower me to live for free so I can further build up my wealth to take the next step.

Although I am early on in my investing career, I am interested in building a network of real estate investors who have been down this same path. A few areas that I am specifically interested in are:

- Getting started investing in high COL areas

- The ins and outs of purchasing property in NYC

- Building the right team

- Leveraging FHA and other first-time buyer programs that I might leverage

- Meeting and building relationships with local and distant investors

[Sloane Kraftsow]

Hi Colin. I also live in New York, but in Manhattan. I would love to connect with you as my motivations were very similar to yours with the insane cost of living in NYC. Feel free to connect with me on BP and good luck on the beginning of your investing career.