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All Forum Posts by: Jennifer Chrispin

Jennifer Chrispin has started 4 posts and replied 7 times.

Post: where can I research foreclose homes in Brooklyn, ny

Jennifer ChrispinPosted
  • Brooklyn, NY
  • Posts 7
  • Votes 0

Hi im looking to buy a single family foreclose property as my first home to live in. Where can I get free or close to free information on this. As for liens will I be responsible for it or will it be taken off by the lender prior. Is there anything else I should research on a foreclose property before closing and how do I do that. Im new to all this. I want to make sure i know what to expect before I dodge in. Thanks in advance BP

Post: interested in buy and hold

Jennifer ChrispinPosted
  • Brooklyn, NY
  • Posts 7
  • Votes 0

Thanks @Kizzy Robb I definitely will look into the books you spoke of. Yes @Tarik Abdullah I plan to start in Brooklyn and then venture off to the tri state area since property in NYC is hella expensive

Post: What's a newbie to do to get into real estate in NYC

Jennifer ChrispinPosted
  • Brooklyn, NY
  • Posts 7
  • Votes 0

Thanks @Terry Hershberger for your kind words. Yes there is alot I need to know before starting. Im glad I foubd BP

Post: interested in buy and hold

Jennifer ChrispinPosted
  • Brooklyn, NY
  • Posts 7
  • Votes 0

Hi im Jennifer just join BP, I am interested in buy and hold. Does any one have any advice. I think this is something I can do as a newbie and working full time. Has anyone been successful at buy and hold. Is this the safest route for a newbie. Need advice. Ps Was looking to have my bf as my business partner good idea or bad. Thanks in adva

Post: What's a newbie to do to get into real estate in NYC

Jennifer ChrispinPosted
  • Brooklyn, NY
  • Posts 7
  • Votes 0

Hmm some really good tips @Cuong Lee I definitely will listen to the podcast. Yes @Nat Leary education is important. I plan to education abd research then go from there. I think purchasing a duplex/multifamily home is a great way to start investing @Darren Sager and @Joe Fairless but where is the best place to look for property? @Char Prado I haven't heard of OPM yet, how does it work?

Post: using retirement fund as start up money

Jennifer ChrispinPosted
  • Brooklyn, NY
  • Posts 7
  • Votes 0

Hi is it a good idea to use some of your 401k/403b fund as a down payment on your first real estate property. What are the pros and cons of doing so and finally are there any hefty penalties for doing so.

Post: What's a newbie to do to get into real estate in NYC

Jennifer ChrispinPosted
  • Brooklyn, NY
  • Posts 7
  • Votes 0

Hi my name is Jennifer I am reading The Ultimate Beginners Guide to Real Estate Investing which led me to this site. Very informative book I might add! I am interested in investing in NYC property typically multi-family homes but not sure where to start. I am interested in buy and hold, flipping and foreclosure properties. I do not have a lot of start up cash flow but have excellent credit. Can anyone give me any tips on how to get started. Should I start as a passive investor or just go straight for the gusto? Should I just look into multi- family homes or single family home and is it also a good idea to invest outside of NY like NJ or CT. I want to add I work nights and have alternating weekends off. Is real estate investing still possible to achieve? Have lots of questions. Thanks