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Updated over 12 years ago, 07/31/2012
Need immediate help, please I live in the bronx NY... (Newbie)
Im 24 years old, my girlfriend is 22 years old, we live in the bronx, ny and live in our own apartment, rent is 900 per month for 1 bedroom, our lease is up in November 2012. We make around 2600 a month after taxes. My dad has good credit, good at fixing things as he is a superintendent. Bird Dogging/wholesaling seems a bit slow to get into real estate but worth the time, just hard in the bronx, and i really dont understand it. I know about arv, noi, and can pretty much tell calculate repair expenses from working with my dad when i was younger. I use to sell used cars from the auction before me and my girlfriend moved, but im looking to invest in something more BENEFICIAL. So here is my dilemma, Should i start birdogging in the bronx ny where houses start at $156,000 fmv for multifamily rehab homes(i also have a cousin in richmond va, but he doesnt have a car right now, i cant put him to work), should me and my girlfriend pack up and move to arizona with her mom, then get a house out there?, Should we continue renting where we are at now(i hate paying rent!) and find something(what i've been trying to do for past few months), should i get my dad to co-sign for a mulifamily? With the deposit me and my girlfriend will have $2000 in november if we move out. If not i still have a 1000 to invest. It feels like i may have to go back to selling cars. i have no kids, my girl friend has 10,000 credit card untouched. my credit is s***. Can anyone help me please?