Newbie from NYC

[Susanne Rieth]

Hello! My name is Susanne, I am a newbie investor from New York City. I am looking to find good out of town markets that are beginner friendly (low entry price point, decent cash flow). Thinking about Central New York and Michigan as I have family in those places so that could be helpful for finding decent neighborhoods/pockets. I currently own one condo in Queens NY that I rent out but its actually at a bit of a loss and I am considering dumping it and using any cash from the sale to put into other deals. My HOA is being sued at the moment so a sale is impossible until that is finished.

I would appreciate any advice from all you investors out there :)

[Account Closed]

@Susanne Rieth

Welcome to BP. You are at the best REI networking portal on the internet.

Good decision to see investing in outside of NYC. I am a newbie investor myself living in NJ. After looking for rental investments in NJ realized this may not the best of markets for newbie like me as it is so hot and competetive and looking at outside markers.

Few actions on this website to help you get most out of your subscription.

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4) Review Brandon Tuner list of 'The Top 20 Real estate books Every Investor should read' and the list .These books a very good way to keep yourself educated on things that was already documented by the experts. List can be downloaded from https://www.biggerpockets.com/books

If you are absolute beginner in real estate investments like me check out the following as well.

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YouTube playlist link for the same

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2) Checkout the beginner guide for any other guides.

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Thanks,

Vijay