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Updated almost 12 years ago on . Most recent reply
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Eager to learn from NYC
Hi all,
I'm currently an engineer looking to get into real estate investing. Currently I am part of a limited real estate partnership which is doing quite well but am not able to learn much or derive enough to be able to go ahead and do it for myself.
Currently thinking about what to do with the capital that I have right now. I am renting my parents apartment so i'm trying to decide if i should invest in a multifamily house and start that way or try to save up more money to buy a small apartment complex and continue to rent in the apartment im in.
I have some capital but unfortunately the prices here in NYC are quite high so it's not very easy to just start investing even in something small. Trying to learn more and decide what the next practical steps would be for me to start investing. Also trying to decide if i should be looking outside of NYC where the barrier to entry is lower. However it's a lot more practical to look in a place that is close to where i live. Any tips or practical suggestions about what i've said would be greatly appreciated!
-newbie eager to learn and start real estate investing