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.

[Adam Cherko]

@Billy Archer great post man!!! You are doing exactly what you need to in order to get a great start in this business. You have so much value from your fulltime job and I know for a fact there are many people on here who you will be able to connect with and help them with that knowledge base!

I’ll have you over to look at my project soon, keep up the great work! And welcome!