New to the investor's side

[Pamela Maduro]

Hey all! My husband an I are deep diving in everything real estate! I've loves realestate ever since highschool and got extremely side tracked by moving up in a corporate job, at this point we have a 10 month old baby and I'm feeling the urge pressure tk get into something else that will allow more time with my family while creating a solid future! We're currently looking into doing a LTR or out of state air bnb and going to be doing the BRRRR method! We look forward to hearing stories and getting some good feedback from everyone!

[Timothy Smith]

I got the Buffalo keyword notice, and was going to tag @Matthew Irish-Jones but see he already responded with some A++ feedback. 

I'll add to it that there is tremendous value to investing in your backyard. First, you can put your own eyes on a project much more easily, and build in-person relationships with your team. Second, you are keeping your investment, profits, and efforts in helping your own community. Many investors might not care about this, but maybe you are on of us that does. Third, you remain less reliant on other people and more on yourself. Personally, I like having control over my investments and managing my own property, while being less dependent on others to run my business. Therefore I'm not interested in out-of-state. Lastly, don't buy into all the anti-NYS stuff. Sure, landlord/tenant law here is much more friendly to tenants than landlords, but if you learn the laws, screen properly, and invest in locations that attract good tenants, you should be fine. Perhaps investing in university districts, MTR, or Class A units would be more ideal for you, as those tend to be less "eviction prone". Or hire a reputable management company and let them deal with it.

Have you been to one of the local BP meetups? We meet every second Wednesday of the month (so you just missed January's meeting this past week!) and the meet recently moved to Pearl Street Brewery. I only recently started going again, and the turnout has been very strong, with a nice mix of investors, lenders, contractors, etc. Please say hi if you do!