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Updated about 4 years ago,
Newbie from New York - Hello everyone!
Hey BP community,
My name is Pascal and I am based in New York City and I am listening time to time to the BP podcast. I have absolutely no background in real estate - I understand the concept but never really worked in that field. I hope that will change very soon! I am a "young professional" that works in tech and soon to be a first time dad :) Short term I would love to start investing in real estate to create a decent passive income but also look into long term investments that will pay out in the future. Prices in NY are insane - my wife and I are open to invest in other states, far or close, as well. We would like to use a property management company to manage everything, My work won't allow me to travel a lot outside NYC.
I am still going through all the educational materials but my first question to the community would be: How do you find the right market to invest in? Where do you start? I used Zillow and Realtor but I find myself getting lost very quickly. There are thousands towns and listings.
Thank you !
Pascal