All Forum Posts by: Shlomi Mor

Hey @Shlomi Mor - you've already done two of the hardest things when investing in real estate, overcoming the mental hurdle & narrowing your search criteria. 

I love that you have a goal you write daily, I too want to own a large rental portfolio! 

Agreed with the other comments about finding deals on websites like LoopNet. As an investor-come-agent, I can help lift the curtains on that: we 100% will network with our own office and private buyers before advertising publicly. I've crunched the numbers on deals listed on LoopNet and was always put off at how difficult it was to find a property that actually met my criteria. The good deals are gone before anything is listed publicly. 

I personally don't think jumping into a 8-10 unit property as a first timer is too high of a risk, depending on what your background is. If you've been around real estate before (whether in your career or even family), then it will be easier for you. 8-10 units is manageable, even for a first timer. 

There are a few areas within 2-3 hours of NYC that will meet your criteria; I've worked with investors in NJ and PA with a similar background as yours and who own multifamily buildings.

Shoot me a DM and I can at least point you in the right direction, it will help save you time wasted on making the same mistakes I've made when I first started a few years ago.