Architectural Designer in NYC

[David Holcomb]

Hi everyone,

I joined a while back but it's time to actually take charge of my investing future.  My wife and I are on the same page and agree that we would like to own rentals that would provide a "passive" income.  As the title suggests I am an architectural designer primarily working in high end residential in New York City.  I would love to purchase a multifamily in the city and live in one of the units and use the other(s) in order to help pay for the mortgage, maintenance, taxes, etc.  I know that is a high initial cost and at the moment I am thinking I may need to do some smaller deals (in or out of state) in order to build up an income that allows me to be able to eventually finance a deal in NYC.