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Updated almost 8 years ago on . Most recent reply

User Stats

7
Posts
5
Votes
Christopher M.
  • Rental Property Investor
  • NYC
5
Votes |
7
Posts

New Member from Queens, NY

Christopher M.
  • Rental Property Investor
  • NYC
Posted

Hello BP Community!

I am looking to get involved in investing in a multi-family property for my first real estate project. I currently have a great W2 job that I love, but am looking to take advantage of my current income to create income for the future. I've been reading/listening/watching as much as I can from this community and am excited to find my first deal. 

With the NYC market being expensive to start with for multi-family properties, I was planning on investing out of area and outsourcing as much as possible so I can still focus on my W2 work. If anyone in the NYC area has had success doing this I would love to chat!

Chris

Most Popular Reply

User Stats

46
Posts
18
Votes
Benjamin Qiu
  • Investor
  • Queens, NY
18
Votes |
46
Posts
Benjamin Qiu
  • Investor
  • Queens, NY
Replied

@Christopher M. welcome!

I'm actually on the same boat as you. I've found that within Queens and Brooklyn area, it's best to do wholesale or flips. Once you have enough capital, then you park your money outside of NYC. I've been reaching out to some experienced investors and everyone has been very helpful so far. The monitoring BP has also help to keep only the serious and friendly investors around, so it's a great platform to network. Hope that helps. Best of luck.

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