New Member NYC / Brooklyn / Seattle

[Libby Tucker]

Hi Everyone!  

I'm brand spankin' new!  I just posted my first post here 

http://www.biggerpockets.com/forums/48/topics/1970...

It basically explains who I am and what I'm trying to accomplish (by way of my question on structuring a deal).  

I'll share some of it here and tell you more.  

I have 2 properties in Seattle. One I split into 2 separate 2 bedroom units, the other is a houseboat and I negotiated seller financing.

I sold my first house to start my first business.  I am a tech startup entrepreneur.  

I've been a landlord for 10+ years. I've done most of the work myself, or worked with contractors to do fixes, remodeling, rehabbing, etc. I have directly managed tenants, and I've worked with AirBnB, and property management companies.

I'm now in New York City / Brooklyn.

Currently I don't have funding for another property, and don't have cash to put down on a seller financed deal.  But, I have lots of motivation and ambition.  

I have a business that looks to place other entrepreneur tenants (in a round about sort of way, I am happy to explain if you're interested) into co-living spaces. 

I am constantly looking for deals and trying to negotiate ways to make them happen.  But, I haven't been having luck with having very little capital to invest at the moment.  I tried hard money lending and was told I still needed 20% down. 

So - although I know a little, I discovered that there is a LOT I don't know.  That's why I'm here - to learn, to network, and to get some deals done! 

I look forward to meeting many of you and to learning from each other.  

Cheers, 

Libby 

[Jimmy Nguyen]

Welcome! I'm from Brooklyn also, well soon to be moving to VA! But yes NYC seems to be hard to crack but I agree with @Bernard Klein you can try to rent out apartments/condos and sublease. I have heard a few success stories of AirBnB in NY and it seems like a good way to grow capital until you can get your 20%. Good luck and I can try to get some info from people who have done it already if you need!