All Forum Posts by: Burak Kilic

Thank you Rick.

I completely agree and know that I have to wait for awhile to be able to considered for investments. My only concern here is that based on what I've read in BP and from general knowledge in real estate investments is NOT to buy a property in all cash, rather get better deals with mortage. But since that might be out of the question for awhile, it might be logical to invest somewhere that we could afford all cash, rather than wait for a mortgage option to come up.

Hello all!

I need some guidance to figure out my next best steps to enter the real estate space. Me and my wife looking for our first (or couple) investment properties (rather then traditional buying one home). We are from Brooklyn, NY and as you all probably now, market is crazy high priced here. To give some context, we have some cash (around 300K+) but I'm in a position that unfortunately effected by the recent layoffs and looking for a new job so waiting for a bit before we start this. But I would like to use this time to plan out and invest myself to get some knowledge on real estate. 

We love New York and plan to live here for a while more, but we decided it is probably better to keep renting and buying properties for investment that can provide some cash flow out of state. Florida, Texas and Connecticut are some of the markets that I've been hearing a lot about from friends, but I have no idea which state would be the ideal place to start investing. My wife is an interior designer, and we are actually very interested in short-term investments (apartments), so we are very open to any advice! Thanks already.