Newbie from Queens, New York City

[Amir M.]

Hi BP, 

Long time lurker of this wonderful community. Decided that it’s time to start communicating with you guys and be more involve with discussions. I am just a 21 year old male, studying Applied Mathematics in college. I have no experience with real estate yet but I have always loved the idea of buying houses, understanding what goes behind buying houses, and how we can making a living by investing money. My main pursuit of investing is on rentals and flipping. 

I would really appreciate some helpful and personal advise that you guys did while you were in my shoe. And for those of you in New York City, how do newbies like me cope with the prices in New York City? I know that markets are not just here in NYC, but how do you expand your wings and find a right place to look for investing upsate of new york or out of state? 

Thanks, looking forward to you people.

-Amir

[Aric W.]

Your in a great area to invest,Ridgewood!

Great housing stock, if you can get a 3 family and live in one unit thats the way to go ,you'll learn a lot also. Maybe wait for the L train to shut down and you might find a deal in Ridgewood. NYC is tough to start out, but if you can get a up and coming area thats close to the train lines and less than 40 minutes from the city you might hit the jack pot. Also look into South bronx,lots of developers pouring money into projects. 

When i started i took a gamble on Williamsburg before it hit,it worked!

15 years ago you couldn't even catch a cab there,look at it now. 

Good luck on your journey

ps I started with nothing but will