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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 5 times.

Post: New to investing

Account ClosedPosted
  • Westchester
  • Posts 5
  • Votes 0
Originally posted by @Darrell D.:

how do you feel about doing a flip on a property long distance? By long distance i mean i live here in NY and i would do a flip down in florida? I guess i would contact the local contractors maybe take a flight down there about mid way through to check up on things but would you know anything about flipping long distance? I heard a few of the podcasts today and I heard a few investors say that it's kind of tricky to flip at a distance and especially rentals if you don't have experience. Even with experience they were saying it can prove to be difficult.... ( not that anything comes easy but it is a little harder than doing something close by)

Post: New to investing

Account ClosedPosted
  • Westchester
  • Posts 5
  • Votes 0
Originally posted by @Darrell D.:

how do you feel about doing a flip on a property long distance? By long distance i mean i live here in NY and i would do a flip down in florida? I guess i would contact the local contractors maybe take a flight down there about mid way through to check up on things but would you know anything about flipping long distance? I heard a few of the podcasts today and I heard a few investors say that it's kind of tricky to flip at a distance and especially rentals if you don't have experience. Even with experience they were saying it can prove to be difficult.... ( not that anything comes easy but it is a little harder than doing something close by)

Post: New to investing

Account ClosedPosted
  • Westchester
  • Posts 5
  • Votes 0
Originally posted by @Daniel Raposo:

thanks for your reply. What areas in Norwalk do you believe are nice rental locations? I have enough of a down payment to either do a flip or just jump straight into my first rental property. I live about 45 minutes away so I don't think I would need a management company to handle anything . Do you recommend any nice areas there? My uncle used to live in North Norwalk but that was like 10 years ago so I don't remember where it was that he lived and at the time I didn't care about locations of houses lol.... 

Any tips would be greatly appreciated!

Post: New to investing

Account ClosedPosted
  • Westchester
  • Posts 5
  • Votes 0
@Daniel Raposo:
thanks for your response. I will follow your advice! 

Post: New to investing

Account ClosedPosted
  • Westchester
  • Posts 5
  • Votes 0
I'm 28 years old and I want to buy an investment property . I am a little confused in which direction to go with my decision . I am currently living in Westchester, NY but my ultimate goal is to move down to Florida ( anywhere that is nice in Florida ) . I know that the properties down in Florida are way cheaper than anything I can find up around here but I do have alternative locations around here like Stamford CT, Bridgeport CT, Norwalk CT but I wanted some advice from an experienced investor what is the best option to go with for buying a first investment property? Is it a rental ? A flip? My goal is to have some cash flow so I'm leaning towards a rental but I also don't mind doing a flip making a few thousand and adding it to my savings and possibly buying a small building with several units? Can anybody give me any advice ? I really appreciate it