What up a Angel, Welcome to BP you are in great place to receive true real estate investing education. I'm from Brooklyn so I know first hand what you mean when you had mentioned that real estate in NY is expensive. Since you are a first time buyer (Newbie Investor) try NACA it's home buying program that make the home buying process affordable even in NYC, there program offers all type of assistant and their interest rates are always a% lower than whatever the interest rate are.If you decide to go through NACA for your first investment they are not going to allow you to flip,part of the terms is that you must use the property of choice as your primary residence,however you can purchase multifamily. Every 1k you put towards the purchase you'll receive half of percent off the interest ,it's worth checking out.
