Starting my real estate investing journey - NY

[Adam Celentano]

Hello BP.  I am new to real estate investing, but hoping to start by generating some cash flow this year in order to supplement my current income.  I am open to areas and ideas, but leaning towards multifamily for now.  I am also interested in crowdfunding/syndicates.

A bit about myself: 38yo, Currently work full time in NYC, living in Westchester County, NY.  Married, father of two young boys.  Looking to start investing as a way to generate semi-passive income in order to increase my quality of life and spend some more time with my family.  I am open to investing anywhere where it makes sense.

I look forward to learning and working with you all

ac

[Luke Miller]

@Adam Celentano sounds like you and I have a lot in common! Two little boys over here too and I love spending more time with them. 

Syndications are (in my biased opinion) the best source for passive income. You get to take full advantage of the tax benefits and it is fairly passive. I recommend all limited partners in a syndication do full due diligence on the property, sponsor, and the market before investing and then once invested, carefully review your quarterly or monthly reports to make sure everything is on track.