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Updated over 4 years ago on . Most recent reply
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Introduction to BP community
Hello BP community!
I'm Carlo Dacanay, a new investor who was born in the San Francisco Bay Area, but now work in New York, NY. Looking to invest in either market but know it's going to be tough with such expensive markets.
Currently listening to all the beginner podcasts and am looking to build my core investing team, so any recs for real estate agents, contractors, or property managers would be great!
Appreciate any advice on my new journey to becoming a real estate investor.
Thanks!
Most Popular Reply
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Hey Carlo,
Welcome to Real Estate investing and BiggerPockets.
The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in the area you want to invest. I recommend looking into Connecticut, it is a very hot market right now due to the mass exodus out of the City.
You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type of returns there are.
If these meet your investment criteria then start looking in person.
Let me know if you have any questions.
Good luck!
-Craig Bellot