Buying property and collecting rent

1 Reply

I live in NYC and I know nothing about Real Estate and I've come across Bigger Pockets because I've read here is where you can get a lot of information from people in the real estate game.

Can someone tell me a good strategy on buying a multi family house or a building and letting the property pay for itself. I know they’re will always be unexpected expenses, for that I have a full time job. What are things that I should know options on loans, closing fees, property taxes, insurance.

@Smith Ramirez , Check out the Education tab on Bigger Pockets, there are many resources which help you get a well rounded understanding of how to do exactly this. Check out the guides section in particular, but there are tons of other helpful resources on this site.

Best of Luck!

Alex Furini, RA