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Updated over 5 years ago on . Most recent reply
Newbie from New York City
Hey all I am just starting out and watching videos on RE and BRRRR method. NYC is not the best backyard to start off so I wanted to see if anybody would like to join/help me on my journey and progress as well as find/ become a mentor to distill great wisdom on this young padawan. I have funds but really just want to either focus on one sector or dab into a little of everything. I started with some tax sales so far. Looking forward to hearing from yall!
Most Popular Reply
Welcome and congratulations!
There are many different approaches. Myself and many other NYC-based investors advocate an approach of investing, passively, out-of-state. Networks and resources in NYC make it a decent place to fundraise, and you'd be amazed how many people want exposure to cash-flowing real-estate in other parts of the country. Of course, it all depends on your goals, but I've found it to be rewarding.