I always feel like a lot of the content here on BP doesn't translate too well to NYC.

Recently, my father and I have decided to look into real estate investing as an avenue to subsidize our income now that new life events have altered our paths.

Get a Google phone number to handle your incoming prospective renter calls (the voice calls will also be trancoded to text and forwarded to an email address of your choice - sometimes messages get lost in translation so its good that you also have the actual message to listen to at your convenience).

But I have yet to translate any of that into any action.

@Ali Boone  Ha yes...well maybe, I hate to rain on all the ski bums parade but the El Ninos have one El problemo, that is they are warmer than normal winter storms and don't necessarily translate to more snow for the resorts.

If you have investors that want to earn immediate gains then go find a property to flip.Then you can continue to look for new investors geared towards wanting an income stream as opposed to a relatively shorter term gain.Finding investors who trust you is hard enough and since it appears you may have you should consider altering your investment strategy to accommodate their needs and wants.

I considered changing his lease the next week, and altering the late fee clause to say the late fee is due if the rent is not paid on the 1st of the month. 

If you've seen my face, shook my hand, seen my office, looked me up online, and can easily alter my credibility as a wholesaler in this industry with a simple click or post on any social media platform- chances are, I'm not going to put you into a bad deal or keep your earnest money, or walk away from closing or anything that could disrupt that status if I am insisting that you meet me at my office.

Another downside: It could allow a tenant to make a partial rent payment at the time of their choosing, which could alter the timeline on an eviction process, depending on the laws in your jurisdiction.

Many of these homes are older, and often “fixer-uppers” which translates into even lower purchase prices, which means less money needs to be borrowed.