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Updated about 7 years ago on . Most recent reply

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14
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4
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Candy Collado
  • New York City, NY
4
Votes |
14
Posts

Starting in a big city, no money down, turning points

Candy Collado
  • New York City, NY
Posted

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

User Stats

597
Posts
340
Votes
Ceasar Rosas
  • Real Estate Broker
  • Bronx, NY
340
Votes |
597
Posts
Ceasar Rosas
  • Real Estate Broker
  • Bronx, NY
Replied

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!

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