Newbie in New York - Long Distance / BRRRR Focused

[Erik Berg]

Hi everyone my name is Erik and I am a newbie in New York. I am currently house hacking in the Westchester area and have caught the real estate investing bug!

I am interested in using Long Distance Real Estate Investing with the BRRRR method. The prices in New York coupled with uncertainty and population exodus are what make me interested in Long Distance investing.

Currently, I am saving capital and evaluating markets trying to find where I will get the best mixture of appreciation and cash flow. I expect to have enough cash in 7 months. While I expect to use Hard Money for my first BRRRR I want to have enough cash to buy it outright should it go completely sideways.

I have been lurking on this forum, site, and podcast for a long time... lots of positivity here. Glad to finally introduce myself.