Newbie from New York City

[Ken Yeung]

Hello BP members,

I have been in BP for 2 months, and thru Brandon Turner's podcast, he reminds everyone to introduce themselves in the forum.

My name is Ken, I am living in New York City.

I first encounter real estate investment in 2009, after bought the fist condo, with no knowledge whatsoever (A big lesson to learn).  All over a sudden found out that the income and expense on the personal side just enough to break even, which means I don't have any saving personally.  I am looking for ways to get out of this pressure by understanding more about investment, I don't like stock because it is too volatile to handle. Knowing my personality, I want to have steady gain in long term growth.  I think real estate is better suit for myself.

I went to seminar regarding the wholesale, but in New York City everything is high price, it is not easy to begin with as I think.  I gave up on this.  Then I learned about tax lien certificate investment, the starting fee is low enough for me to get in, obviously because of the low input, even with a good return (12% or more), the profit is minimal.  I have been actively participate on tax lien sales since 2012.  

Now with a little bit more saving, I am into the buy and hold markets.  I have researched Columbus, Ohio and Indianapolis, Indiana.  I went for visit one month ago, and would like to get a goal to purchase at least one property by the end of the year.  I am looking for turn key properties, and also trying to form a team around myself.  I am trying to gain experience as much as possible.

I am looking forward to share my experience via BP forum.