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Updated over 6 years ago,
New investor in NYC with some savings looking to start right.
Hi everyone,
I'm sure there are many pages on BiggerPockets regarding what to do as a new investor in NYC. I hear the podcasts ,all the time and webinars where they are saying markets like the one in NYC are harder and it is better to invest out of state. I've saved up what I believe to be a good amount of startup capital and would like to jump into my first deal. Like most investors, I am scared pantsless and not sure how to proceed. I tried working with NACA but their programs are against investors and more for home buyers. I've never really lived outside of NYC so the markets are quite daunting. I've read forums and that is where NACA came in, however, I would like to see if there is another solution that would either help me invest out of state without moving or invest instate. I've been a member of Biggerpockets for over a year and I feel like it is time for me to make moves and do something. Can someone please help point me in a good directions so that I may start my investment in a month or so? I'm tired of being paralyzed by fear an I strongly believe it is time for me to make a change. Thank you.