Getting that first property is exciting—and yeah, NYC is no joke when it comes to price of entry.Honestly, a lot of people I’ve talked to in your shoes end up finding better opportunities just outside the city.

And of course, getting financing squared away is key so you know your price range, which will help narrow down locations and strategies.

Purchase price: $850,000 Cash invested: $335,000 Historic downtown Fargo property.

Look forward connecting with you, I recommend reaching out to Sean Daley.

The drop and Swap is about all we use here due to the confiscatory tax rates based on sale price.

As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

I think I’ve covered my bases, but I’d love to connect with others working on similar models or interested in this niche.Looking forward to hearing your thoughts!

He needs  good RE broker to give him price its worth ..

Purchase price: $1,200,000 This is a 100+ pad community located near Downtown Bloomington (Near Indiana University).