New Member Interested in NYC and/or KC

[Robin Halsey]

A friendly hello!

My name is Robin Halsey and I live in NYC (by way of KC, LA, and most recently, Charlottesville, VA).

I began my career in corp finance consulting and inevitably ended up in RE working to untangle distressed investments. It was a fun ride, but the corporate drag, not to mention cross-country commute became less than appealing… Thankfully it introduced me to RE.

My goal is to begin accumulating small, MF properties. I am primarily interested in the LT play – focusing on cash flow, forced appreciation, and establishing / maintaining a strong tenant base.

My biggest question is what market? The local price point (NYC – Long Island) is staggering compared to the Midwest where I grew up and have stronger connections.

That said:

1) What advice do KC investors have for an out-of-towner? My family is local and we visit ~4-5 /year. I like the idea of picking up several properties (and experience) quicker compared to NYC, but am worried about appreciation.

2) Alternatively, what strategies do my fellow NYC investors implement and/or recommend?

3) We are paying off my husband’s student loan debt – anyone else begin investing with student debt?

I just saw the post about the NYC meet-up on the 15th – see you there!

Robin