All Forum Posts by: Sam Barna

Hey everybody! I'm 23, just graduated school and am in the process of getting started with buy and hold investing. My goal is to use a combination of real estate and index fund investing to achieve FI. Everywhere I look I hear people talking about how they wish they got started when they were younger and I'm so glad to have found BP as early on as I did. That being said, I'm running into a lot of trouble getting the gears turning. 

Brandon Turner talks about how you need two of the three following things to succeed in RE: Money, Hustle, or Time. 

I'm working two jobs, living at home and have a savings rate of over 70%, but even still it'll be 2-3 years before I have enough saved up to cover a personal emergency fund, down payment, and reserves. 

I've considered getting my license or getting into wholesaling but due to the costs of living on Long Island and the fact that my professional and social networks are entirely NYC-based, I'll likely be moving to a new market within the year.

Do any other younger investors out there have any stories/tips they could share as to how they got the ball rolling?

Do any older investors have any advice as to ways I can get involved in the RE community while saving up?

Thanks!

Hey @Amit Kal, I realize you're based over in Queens but do you think that this might have effects as far out as Nassau County? Just a few weeks ago, homeowners were informed by the county that the tax assessment system is being redone and many residents are seeing assessed values go up as much as double. Could mean a lot more inventory in this area in the next few years as many homeowners won't be able to cover the increased bill.

Thanks for the responses guys! 

@Peter Fennig I see that you're a contractor, do you invest as well? In either case, which neighborhoods in particular do you enjoy working in?

@Scott Morongell Definitely, thank you for the tip!

Hey everybody! I'm a new investor from New York and - with prices so crazy around here - have been looking into Fort Wayne as I hear Indiana is pretty investor-friendly. Can anybody advise as to which neighborhoods seem to be doing well and which neighborhoods to steer clear of? Thanks!

@danielle golan congrats on finding such a great deal, that's awesome!! Did you find it thru your realtor or somewhere else? Thanks for the info!

Hey Shannon and @Danielle Golan! I'm a newbie from Patchogue. 

I know I'm a bit late to this thread but what strategy (or strategies) are you considering and how are you guys finding deals that work? Granted, I've only been scouring the MLS, but it seems like rents are nowhere near in line with what houses are selling for.

Also, what are Subject 2's?

Thanks!