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Updated over 10 years ago on . Most recent reply

User Stats

106
Posts
19
Votes
Ilona Kovacs
  • Private Lender
  • Port Chester, NY
19
Votes |
106
Posts

Newbie! NYC/NJ/CT tristate area

Ilona Kovacs
  • Private Lender
  • Port Chester, NY
Posted

Hello Everyone!

I am a newbie to the real estate investing arena!

We are from NYC (downtown Manhattan) however, we are not looking in our area for investments (for obvious reasons :))

We wanted some advice:

1- First off, I wanted people's opinions on the best niches for us:

We are a couple, my husband is a doctor,and I own a food business (start up)

We want to get into real estate to help fund my business and to get him out of medicine!

But... we have high expenses (approx $35k/month) so... we understand that real estate is not a "get rich" quick scheme, however we would like to find a lucrative cash flow business for us... we thought of commercial and medium size apartment buildings.

2- I am on the introverted side so I'd rather not be knocking on doors and cold calling.. so I also want to know because of that, what type of real estate investments would work for me as well....

Any advice?

Thanks!

ilona

Most Popular Reply

Account Closed
  • New York
9
Votes |
33
Posts
Account Closed
  • New York
Replied

Following :-) Also starting to assess local areas and define a niche. Thank you for the recommended resources @Michael Germinario 

 and @Paul Timmins  good luck and keep us posted. Let me know if you want to connect as we zero in on something (I am a similar place in learning/ decision making and personality, though probably not in the same bracket :-)).

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