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Updated about 7 years ago on . Most recent reply
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New Member from New York City
Hello Bigger Pockets! My name is Michael Geraci and I am a full time mechanical engineer in Manhattan, looking to get into real estate. Specifically, I want to begin investing in rental properties to build passive income. As I'm sure you all know, real estate around here is extremely expensive, so I may be looking to invest out of state, which I understand comes with its own challenges.
At the moment, I'm looking at some areas including Buffalo, Indianapolis, Pittsburgh, and Columbus, Ohio. I am open to hearing what other members on BP are experiencing in these cheaper, but desirable markets, and any suggestions for other cities. Nothing is set in stone at the moment, but I would like to invest by the end of the year.
Thanks and I look forward to working with you guys!
P.S. I specialize in HVAC systems for multifamily/commercial buildings, so if there's something you need a "quick tip" on, let me know!
Most Popular Reply
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Hey @Michael Geraci! I joined BP recently and am based in Long Island City, right next door to you. :) I am in the same boat as well in terms of investing out-of-state. I have 5 units so far in Memphis and SW Florida, and funny enough, now looking at the same markets you are.
I'd be happy to share my experiences so far with you if you'd find it helpful. Cheers!
Jim