Long Distance investors in NYC

[Thomas Hartman]

Hey friends, Happy New Year!

I am looking to buy my first investment property in the first half of 2020, and since I live in Brooklyn, NY and I’m not yet a millionaire, this will be a long distance investment. So far I’ve read both of David Greene’s excellent books, Brandon Turner’s rental property investing book, and a few others but the list of must-reads remains long and I’m so thrilled to get to them. I’ve earned a lot in the last two months but I would still say I am very much a beginner with most of the concepts.

I am wondering if there are any other NYC dwellers who invest long distance on these forums, and if so, would you be willing to meet up for a coffee or lunch on me in the near future and chat about strategies, areas, and all things investing? Or even just chat on the phone perhaps if time is tight. I know it’s a lot to ask to meet a complete stranger and have them pick your brain, but seriously, you can order whatever you want on the menu and if you want music lessons, I can offer those as I am a musician by trade (mostly drums and guitar.) I also can teach you Spanish or Japanese. Yes, all very random things that may or may not help you in your investing but hey, figured it wouldn’t hurt to put it out there as they are all things that have enriched my life over the years an unquantifiable amount.

Thanks for reading, and may this year bring you all success and fulfillment in your investing and related endeavors!

Tommy

[Nik Corbaxhi]

@Thomas Hartman, & @Nicholas Mann, if you guys have no experience with RE investing, I would strongly urge you to start locally somewhere, or near enough where you can get hands on with the process. You need to be well informed and get some experience in order to make your first remote deal work. What you read in the books is informative, but does not replace experience, and each one of the people here can have a different flavor of experience when it comes to reality. 

Not to crush your dreams, but you need to first learn the ins and outs of it before you can actually invest remotely and be able to make it work. Would love to hear other investors here as to what they have to say. 

Good Luck!