New Investor Coming to NYC Looking to House Hack

[Joshua Morency]

Hi everyone,

I hope you are all doing well. I recently accepted a job in New York City and I am looking forward to moving in! That being said, I would ideally like to house hack but realize that this may be a significant challenge, however, I am determined to work through it. 

For house hacking, are private lenders interested in working with first time home-buyers, how much should I have in replacement reserves for NYC, what are some good areas/areas to avoid, etc? I appreciate any response and I will offer some background on myself below.

I am currently a college student set to graduate this May. I stumbled upon BiggerPockets last November and have been hooked ever since. Since then I have listened to hundreds of hours of the podcast, read several books, taken financial modeling courses (focused on multifamily), and been on hundreds of calls with alumni from my high school and college who work in CRE. Real estate investing is something that I am very passionate about and I would like to start by house hacking.

If you are, or know of anyone, who is involved in real estate in some way in NYC, I'd love to hop on a call to learn more. Thank you very much for your time!

Best,

Josh