wannabe investor/property manager from Westchester County, NY

[Billy Archer]

Hello ladies and gentlemen of BP, I'm Billy.  I come from New Rochelle, NY in the high taxlands of Westchester County, New York, directly north of the Bronx.  For the past 12 and a half years I am the (sole) property manager of 6 owner-occupied multifamily Cooperative and Condominium buildings located in New Rochelle, White Plains, Hartsdale and Scarsdale (approximately 328 apartments total). I manage the operations of approximately $57.5M of residential real estate, but I own nothing.  As I went ring shopping with my longtime girlfriend 6 months ago, I realized that I need to blaze my own path forward instead of burning in place.  3 or 4 months ago, I found BP on YouTube and I began to consume as much knowledge as I can about rental real estate to actively change my mindset.  I have listened to well over 100 hours of podcasts etc, and I've begun networking with people in the area to gather as much knowledge/know-how/kicks in the behind as I can.  Little by little I'm dissipating the fog that surrounds the playing field and I'm starting to envision a path forward.

My first goal in this journey is to buy a screaming deal multifamily house (4plex ideally) at a low entry point (think midwest) where I can build equity and start to build my cash flow machine.  Aiming for $200/door as a rough guide.  My second goal would be to have enough cash flow to focus full time on this plan.  Third goal?  I don't want to get ahead of myself, but perhaps apartment building ownership? 

I am super eager to hear from others that hear themselves in this intro.  I have just come to realize that I can start my own rental empire with good mentorship and someone that can help me direct my fire.