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All Forum Posts by: Daniel Bronstein

Daniel Bronstein has started 1 posts and replied 5 times.

@Nancy Bachety Your daughter is very fortunate to have a mother who already has skin in the game of Real Estate. And I will be sure to check out your meetings I've been thinking about (a.k.a procrastinating) about going to a local REIA meeting.

@Nancy Bachety Thanks for the response also, its nice to see a fellow Long Islander. If you don't mind me asking has your daughter taken any steps to her REI goal? Also I am thinking about investing in New York for the long term. I know the barrier of entry is much harder and the CAP rates are at pretty much all time lows no matter where you go in NYC do you have an suggestions or areas maybe out on the Island that I could begin to research.

Eric thanks for the quick feedback. As for why I've chosen the path of becoming a CPA is purely for the early job security it can bring and I hope after a couple of years I will have enough capital to venture out and do REI full time. As for my goals with REI, I want to house hack in the beginning instead of renting an apartment, and then eventually do the BRRR method. Hopefully if those two steps work out I will sell those properties do a 1031 exchange and get into a single building with 10+ units.
Originally posted by @Eric Carr:

There's no answer I can give other than to pick one and make it work. Each road offers it's own challenges. Let me ask you, what made you decide to pursue a CPA track? What are your goals as far as real estate investing? I want to help you figure this out rather than give you my own opinion - I have one about this isn't about me!

Hello Bigger Pockets community my name is Daniel and I am currently an Accounting Major at Baruch College. To get straight to the point I want to pursue a career in REI, but I don't have sufficient funds to do so. I would love to be studying the Real Estate Finance course at my college as I believe it will help me in my future REI endeavors, but as for getting a job out of school the odds will be highly against me. On the contrary if I stick with Accounting job opportunities are highly available especially in New York. So, do I stick with the major that isn't my passion and hope to have enough money to pursue REI in the future or go head first into the Real Estate Finance major learn in depth about all aspect of Real Estate and figure the rest out funding later. I hope some of you understand my dilemma and any input I will greatly appreciate.