New York Professional Looking to Start Investing

[Andrew Reyes]

Hi All,

By way of introduction, my name is Andrew D Reyes. I am a NYS CPA/Tax Consultant at a Big 4 accounting firm in NYC. I work exclusively in the Real Estate Industry currently and I am looking to start investing in Core+/Value-Add residential properties in the NYC Metro area.

From listening to the BP podcasts and reading books/articles, I believe that C+/B- properties near growing cities would be the best target for my goal of generating passive income and building wealth through capital appreciation.

I have limited funds currently, but may be able to raise cash from friends/family if I find a deal.

A few questions to this group:

1. Any suggestions for target markets?

2. Any suggestions for brokers/property managers/contractors in NY, CT, NJ, or PA? Any other states I should consider?

3. Any deals you recently closed or are working on currently that you are willing to share the details? I am looking to analyse more deals.

Any other suggestions or like-minded individuals looking to connect, please reach out or reply to this post.

Best,

Andrew

[Ahad Ali]

Hi Andrew.

I have a very similar background like you. Worked in Real Estate audit for a Mid Size firm, but now have my own boutique tax and accounting practice as well as a job in finance company.

So be honest NYC market is tough, prices are though the roof.
I'm looking in NYC too but now started looking in PA. In looking specifically in Reading PA.
Good luck and feel free to reach out to me, we might be able to meet up in the city for coffee.