Newbie from Queens, NYC

[Tanya Potter]

Hi there!

Just joining BP after obsessively listening to the podcast for the past few weeks. I'm super psyched about learning as much as possible about RE investing. I've made it my goal to buy our first investment property by summer 2016. (I hope it's by the end of 2015, but is that too ambitious???)

Ive moved around the country quite a bit since i was very young and now ive settled in Queens NYC for what i could see being the longhaul.  I read Rich dad, Poor dad last year and it took me about 9 months to convince my husband that real estate is how we can get our money to work for us.  He's finally now on board and excited learning and researching with me. We have 2 little boys so I'm trying to find ways to invest with little money down.

I'm mostly interested in slowly but steadily building a portfolio of rental properties so I can keep growing our passive income. But I've also been trying to find some rehab properties as well.  Living in NYC, I'm thinking its better to start out investing outside the city.  I've been looking at areas of Newark, Irvington, the Oranges.  But I know there can be some really bad sections of those cities.  Any advice on those areas??? I've found decently priced multi families $100-$200k) listed as well as rehab properties btwn $50-110k. 

How about the Bronx? The only nice areas I know of are riverdale and Morris park.  

Or any thoughts on the Rockaways?

I'd love to hear your opinions on these areas I've mentioned as well as welcome other areas you'd suggest. 

Thanks everyone! Looking forward to chatting!

All the best to you!

Tanya Potter