I am looking forward to getting into some conversations with you all.ThanksEugene

There are a lot of resources on this site to help you,and as you look for your first deal, there's a lot ofwisdom here to help you.So pitch in to the conversations, make some new friends,and settle down for some serious networking.

Taxes, Utilities, the Economy, Competition.These and other factors will effect your Commercial Investment and you have NO CONTROL over what they might be or do in the future.So what is the one MAJOR ITEM/EXPENSE you can control???

Recently, I've been having some terrific conversations with some of the most intelligent men and women I've ever met.

The most important thing you can do is the hardest thing, and that is to get the property at a big discount after accounting for all items to make it rent ready.

In my mind that means more foundation issues, roof issues and conversion problems.

Black Wolf,I'm coming into this conversation a little late, but I think I can offer you some help here (or at least some advice)....let's recap a minute.You want to purchase a rental property in NY.

In fact, I over hear a conversation of a classmate bragging to another about how he got "locked up" last weekend :roll: .

Thanks Obi-Wan....Yeah- I have a realtor friend who I ended up getting into a conversation around this subject and he agreed- a buyer is a buyer.Ok- only one problem with investing in "my area".

I didn't want to be all doom and gloom in my conversation but let him know that he needs to carpet and paint the home from feedback that I have gotten.