Newby in NYC - looking for community!

[Michelle Shahid]

Hi BP community!

I'm brand new to RE investing, still figuring out what I want my first investment to be, and have a lot of analysis paralysis. Initially wanted to house hack because that feels safest/easiest but it feels like it will be really difficult in NYC. Also considering out of state options. Also just trying to take in all the information on BP and advice people are giving. Its a lot! 

Anywho, I'm wondering if theres a BP NYC community? I feel like a community will make things feel less scary. I would love a mentor and can exchange my time, or maybe my services? (I'm a software developer). Can anyone point me in the right direction?

I also welcome any advice on how to overcome analysis paralysis and also what a good first investment approach could be

Thank you x10

[Nadeem Alamgir]

Hey Michelle, I grew up in Queens, NY, and later moved to the Midwest for a real estate opportunity. When it comes to NYC, especially with something like a house hack can become competitive.

If you’re open to out of state investing, it can give you a lot more options for affordable entry points and cash flow, but the key is building a solid team on the ground. Team members you should add to your team: local investor friendly agents, property managers, and contractors who already understand the markets.

When it comes to analysis paralysis, it's very common starting out. My recommendation is to pick one strategy (house hack, BRRRR, etc.), learn it deeply, and run numbers on multiple properties until it starts to feel natural. The overwhelm usually comes from trying to evaluate every strategy in different markets all at once.