Newbie from NYC

[Andrew Potievsky]

Hello BP Community!

I'm super excited to have found this great community and I am looking forward to attending the April 7th meetup at Pranna in NY.

I am 29 years old and my long term objective is to acquire a few investment properties so I have passive income when I am past 62 years of age.

My goal for 2014 is to purchase a multi-family home or a 4-unit complex within a 2 hour driving radius of New York City that will generate cashflow. My strategy is to buy and hold as I don't have the experience or available time to rehab properties. I have a full time job so I want to start small and build up.

I recently started listening to the podcast which is absolutely phenomenal compared to all those guru's that promise the world and beyond. I'm looking to learn as much as possible and I would appreciate any advice on what areas around NYC to look into, what books to read, etc.

[Arthur D.]

Welcome. Andrew.
I'm pretty much in the same boat as you.
I've been looking for properties around the 5
boros and so far I have found out that is expensive. Maybe 1 fam 3 bed yard and garage for around 400-500k. Considered N. J. Staten Island is a possibility L. I also. Also looking P. A. And upstate. Let's stay in touch kept us posted.
Arthur