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Updated over 8 years ago,

User Stats

20
Posts
19
Votes
Robert Lum
  • Professional
  • Brooklyn, NY
19
Votes |
20
Posts

I'm here, I'm ready, Let's begin. Greetings from New York!

Robert Lum
  • Professional
  • Brooklyn, NY
Posted

Hi Gang! I'm Rob, and am new to the real estate game. Like everyone else, I'm trying to escape the rate race. I am based in New York and currently an attorney who works in a law firm dealing with, among other things, real estate transactions. (At the moment, I only handle commercial litigation.  I don't have much exposure to real estate but I will soon make it my priority to get my hands on any real estate related work so I can get my feet wet.

In the meantime, these is my goals:

1. As part-time, start with wholesaling to obtain experience with the real estate industry, and then gather enough funds to transition into buy and hold in other cities. I have concluded that the NYC real estate market doesn't make business sense for a newbie like myself.

A little about why and how I decided to get involve with this community.

Real estate has never really attracted my attention until I read a couple of books about the topic. It immediately gave me a deep insight as to the possibilities of financial freedom. As an attorney, I often put in long hours in the office only to feel drained and beat by the end of the day. The feeling is exacerbated by the fact that I am essentially helping someone else make money first. After this epiphany, I decided that I have to pay myself first and "mind my business." Soon later, I dreamed about owning properties and benefiting off steady cash flow from buy and holds. However, I admittedly  been lazy and procrastinating; and thus, damaged my motivation and ability to get into the game. I hope that joining this community/forum, and by hearing failures, hardships, and success stories, I will be more inclined to stay on track and work harder.

If anyone would share their thoughts about the wholesaling in the New York City market, I would greatly appreciate it. Wholesaling is tough, and I am prepared to face challenges in my endeavor; but I think I can start building a consistent routine and proper education/skills to succeed.The New York City market, as everyone knows, does not make business sense to purchase by and hold properties. Could anyone give me insight into the NYC wholesaling game? Also, if anyone here is located in NYC who would like to grab coffee sometime and talk about wholesaling or real estate in general, please let me know.

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