Robert New York City New to RE investing

Robert New York City New to RE investing

Investor · New York City, NY · Member since 2014 · 22 posts · 9 votes

Hey every one. 

I am here because this past week I went to a NYC seminar on Real estate investing and at the end of the evening they asked for $15,000 to join their group and for the Real estate investing courses they were going to share with me. 

What was interesting is in their two hour seminar which I stayed through they offered an example of how rich people think and middle class or poor people think. IF you had 20K what should you do buy your car outright or purchase a home? 

Without belaboring that story it basically said if you want to a new car purchase a house and lease your car from the proceeds of the monthly rental get a tax deduction from the lease .. yadda yadda, yadda.  I thought the example was meh.. but could see how such a simplistic view was appealing to many. 

But here was my issue at the end of the seminar. 1. you are now asking me to spend my 20K on your 15K educational package to make money in real estate with your group... which is exactly what you said not to do. They touted that their network has networking groups in Atlanta, California, Chicago, NY, Hawaii. That their group has a hedge fund for investing and they can pool the wealth of the people involved  in order to make deals of the century on a regular basis

So all this got me to thinking. There has to be an open source community if Real estate investors.  That's when I started this search and found you guys. And I hope my time here will be plentiful and well spent.

I am new to real estate outside of a few months of  being a real estate agent in New York city apartment rental market. I had a few deals but physically I was not able to do the continual walking that NY City's apartment market required and the agency's I worked with didn't have sales so I went and got another job. I ended up getting my accounting degree and became a glorified book keeper. My earlier years I worked in the construction industry in Viriginia. Helped build home by the hundreds as a laborer and wonder how or when will I be able to do similar.

In the last few years since Lehman brothers went under I began self investing my money and have done alright so much so I stopped working and solely do that now, but I need to diversify and I want to explore ways of doing so in real property.

Any way that is my basic story. I look forward to saying hello to any one that says hi back and look forward to meeting soem of you that my be in my area in New York.

3Reply
29 views

10 Replies

Jump to latestLatest
  • Simon W.Business Member
    Real Estate Consultant · Lehigh Valley PA & New York City · Member since 2013 · 1k+ posts · 670 votes
    11y

    Sounds like Rich Dad Poor Dad type of seminar, am I right?

    Robert, my group will be having a Networking event December 3.

    http://www.meetup.com/PrivateREI/events/218807671/

    or go click on Network tab and click on Events & Happening to find events near you.

    Accounting Properties LLC
    View Page
    CFO LLC
    View Page
  • Simon W.Business Member
    Real Estate Consultant · Lehigh Valley PA & New York City · Member since 2013 · 1k+ posts · 670 votes
    11y

    And Welcome to the community! :)

    Accounting Properties LLC
    View Page
    CFO LLC
    View Page
  • Investor · New York City, NY · Member since 2014 · 22 posts · 9 votes
    11y

    Thanks.. I have already learned several things from this site. This is awesome!!!!

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    Welcome to BP community @Robert Easter  It is a great place to meet new friends and learn about various aspects of real estate and more. Here are a few recommendations for you:

    Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

    Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best! 

  • Matthew WeiserPro Member
    Investor · Flushing, NY · Member since 2013 · 175 posts · 29 votes
    11y

    Hi @Robert Easter welcome to BiggerPockets!

  • Investor · New York City, NY · Member since 2014 · 22 posts · 9 votes
    11y

    Wow thanks for the warm welcome. And the links and information I can use.

  • Investor · New York City, NY · Member since 2014 · 22 posts · 9 votes
    11y

    Yeah Simon it was more of a rich dad poor kid seminar... But honestly the people involved with the group seemed honestly happy with it. I just can't justify spending 15K to get educated on things people have written about for a hundred years and I can usually learn by asking and taking my time.

  • Rental Property Investor · MA · Member since 2014 · 420 posts · 213 votes
    11y

    Welcome and good luck!

  • Jon HuberPro Member
    Rental Property Investor · Boca Raton, FL · Member since 2014 · 1k+ posts · 713 votes
    11y

    @Robert Easter

    Welcome to the community! Be sure to be as active and engaging as you can. This site offers a tremendous amount of information, but only if you seek it out. Read the blogs, post your questions, and the podcasts are amazing. The best free education you can get. Good luck out there.

  • Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
    11y

    Welcome to BP @Robert Easter !  Thank you for the intro!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.