A NYC attorney looking to start in real estate

[Efraim L.]

Hi all,

I am a New York State licensed attorney, working at a general practice but mostly in civil litigation. I do have some attorney experience in real estate but I cannot call myself a real estate attorney as of yet. I was born and bred in Brooklyn, but I now live in Manhattan.

Recently, after countless youtube videos, I found BiggerPockets and I decided that it is time to take life into my own hands. I have seen people being able to attain financial freedom through real estate, so I decided that I should look into it as well. Thus, here I am, at BiggerPockets, taking the initiative to learn this wonderful field.

By living in New York, I know that I live in a tough real estate market, especially with the new laws that are coming through the pipeline. My initial thought was to invest in properties where I become the landlord and keep them as rental income. Learning a bit about the NYC real estate market, I do not know how to approach it. I was thinking to start looking in the outer boroughs like the Bronx, Queens or Staten Island. Or I should start outside of New York like maybe Philadelphia.

Thank you BiggerPockets for creating a space where people like me, who want to start investing in real estate can turn to for ideas and learning materials. I am here to learn and would love to eventually be able to give back to this community.

Efraim