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Updated almost 12 years ago,
New member from New York
Hi all,
I found bigger pockets while looking for info about investing in real estate. I think this site is amazing, such a wealth of knowledge. I really appreciate the time all you experienced investors take to help the not so experienced. Its a real community, and I don't think you'll find anything like this anywhere else online.
I'm interested in investing in real estate. I feel like I need a project, and, also, I would like a lower risk investment. I feel like real estate is lower risk because at the end of the day you will still own property. I hope I'm not wrong about my risk assessment.
I am actively looking at multi families now, its been quite an experience. I think what shocks me most is how badly kept most of these properties are, like zero maintenance inside the apartments and no updating at all. I hope I don't turn out to be a bleeding heart, because mostly I feel like I want to move the tenants to a hotel for a week and fix the apartments and then move them back into a place where they can live in dignity. I would classify 100% of the owners of the places I've seen so far as slum lords. Its really disturbing (as evidenced by me venting here). And the price to buy these houses averages about 1/2 MM.
So thats me. Thanks again for the existence of biggerpockets!
Laura