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Updated over 7 years ago on . Most recent reply

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Adam Eisen
  • Kew Gardens, NY
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I'm Getting Discouraged

Adam Eisen
  • Kew Gardens, NY
Posted

Newbie here looking to purchase a property in either Queens or Brooklyn.  Have about 35K ready for a down payment but thinking it's not enough in NYC.  Was wondering if anyone had any advice for someone starting out in this area with similar finances.  Do I need to continue saving before actually purchasing my first property?

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Susan V.
  • Investor
  • Menifee, CA
19
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75
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Susan V.
  • Investor
  • Menifee, CA
Replied

Have you tried upper NY or NJ? $35k is pretty good. I know a few sharks out there who say that is not enough. You could probably lend that to someone who would be able to do something with that. Don't get discouraged. Come on, New Yorkers don't give up that easy. I sort of consider myself East Coast (lived in Philly for 1 year and braved the cold), I cannot accept "no" for an answer. Have fun in this business or you will gain more than just wrinkles. 

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