All Forum Posts by: William D.

There has been a home abandoned on my block now for 6 years. I knew the former owners and am not sure why they left. I have spoken to folks at surrogate court, my county administrator and an estates attorney. They all had something different to say. The home cleaned up is probably worth over 500K. Do I reach out to the owners? I can definitely reach out to them to see what the situation is. What to do???

I have been doing some wholesaling myself. So far so good! Thanks for the wise words. What is the best way for steady income in real estate? Purchasing a 10 family and renting? Flipping?

@Laura Alamery

My name is Billy, I am 28 years old, I make 90k per year and am currently renting a 1 bedroom in Staten Island NY for $1100 monthly. I am looking to purchase my first home/real estate investment but have no idea where to start or if what I am looking to do is wise. 

My Idea: Since I am renting for $1100 monthly, why not put enough money down on a small condo or coop so I am at least putting my money toward something that will eventually be a valuable asset. 

Question: Any successful real estate investors out there? Would you do the same? Do you have any advice or wise words? Nobody has taught me a damn thing about real estate and I am going in sort of blind.