Tips and tricks for a rookie

[Hassan Wehbeh]

Hello,

I’m a rookie here and I’m trying to get started on real estate investments. To get started, I already read 3 books (one of them is “How To Invest In Real Estate” by biggerpockets, which led me to this community) and I have soooo many questions that are still left unanswered.

I’m looking to get into rental properties for a consistent cash flow which would hopefully allow me to forecast a growth and ratios.

Nonetheless, I’m in a very expensive area in Brooklyn where houses average around 1 mil. I recently ran into an apartment building that’s going for 1.7 mil and I’m still trying to figure out how to come up with that kind of money 😅 I make 100k a year.

Can someone help me with how I can come up with that kind of money? Any tip to get started would be very helpful!

Second question, is there a website that would tell me what the square foot cost is per zip codes or areas?

Any help would be greatly appreciated!!

[Kris L.]

I think in your position, I would probably look into out of state investing as your area has a high cost of entry.