As for financing, focusing on saving while learning is smart, but also take time to research creative strategies.

The biggest hurdle I see with arbitrage is developing a pitch to use when approaching landlords, which you can probably do with a little research on BP and ChatGPT.

Welcome to the Community Anthony!

I am posting this to hear from you all suggestions on how I should approach purchasing a condo.

Definitely stay away from the guru/seminars crowd and stick with the organic communities like BP and local free meetups.

An approach that we use is to provide value to the homeowner - especially to distressed homeowners.   

-Explore builder-financing programs, private lenders, or hard money lenders who may focus more on the deal itself rather than personal experience.If you can demonstrate successful project management and a solid business plan, funding will become easier over time.

All the best to you during your last semester.Househacking is one of the most common routes for new investors in NY.For best returns, I'd recommend focusing on South and Southeast Queens, Central and Southeast Brooklyn, and the Bronx.There are parts of the suburbs (Westchester and Long Island) that have househack opportunities but the property taxes are higher and the commute time to NYC is longer.Abel

To analyze deals efficiently, focus on key metrics like cash flow, cap rate, and expense ratios—make sure rental income covers mortgage, taxes, insurance, and maintenance while hitting your 6% cap rate target.

I’m looking forward to making new connections here in the BP community!