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Updated about 7 years ago on . Most recent reply
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Starting in a big city, no money down, turning points
I had to be placed in an uncomfortable position to activate a catalyst.
My name is Candy. I had been living in San Antonio TX for five years until my marriage hit the fan, I ended up in a shelter and was forced by GOD to come back to NYC where my family is .
I had a state job so in that aspect I was stabled. However, now here in NYC, I am not in a comfortable position. My family sees me as a failure for many reasons... especially since I came back without money (waiting on my last check and to cash out my pension). And yea, I am job hunting.
Many of you know how diff it is to moveout alone in NYC.
At this point of my life, almost 30yrs old, I want to take care of me. Better myself and my future.
My goals are getting into wholesaling (which now I understandv why all the "we buy ugly homes" signs in Texas...) And sub2. I am looking to end up owning an condo to rent out and moving to the Caribbean where I can also invest.
My concerns are not knowing how these two strategies, wholesale and sub2, work in NYC. I also would like to learn how to do the process from afar, say some other state (prob Texas since I know that one) or even outside the NYC county.
Most Popular Reply
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It's always tough to start over, but never impossible. Some of the greatest success stories ever are people who have their back up against the wall and come out swinging. I usually recommend for people in NYC who are looking to wholesale to actually become a Realtor. Wholesaling is just not that common in NYC because there are so many attorneys involved in a transaction. Besides, being a Realtor is a great way to learn the market and get income. If you were somewhere like Pa, where we flip properties, I would say wholesaling would be a good option. Be advised the expert wholesalers I've met spend a great amount of money in marketing. If you have questions reach out. Good luck!