Starting off in a high market like New York

[Dovi Schwartz]

How is that even possible for someone to start Themselves off in New York with the prices are skyrocketing hi I don’t wanna go out of state for investing is there any advice you can give someone starting off trying to buy a New York with these prices so high is it even possible

[Account Closed]

@Dovi Schwartz I totally understand where you are coming from, but the reality is that you can get around the high cost by doing several different things. 

1. You may want to explore some JV or indication options, maybe even a REIT (real estate investment trust) it bypasses the high cost and allows you to mitigate the risk across multiple investors.

2. You can focus on developing an area that is in need by providing affordable housing, VASH Housing, and other forms of government housing. 

3. This may not be the one you are looking for, but investing out of state in an LLC can help you save a lot of money and maximize your returns in a low tax state. You may want to look into a few passive opportunities that allow you to build your income to take down bigger deals on your own.

Hope this offers some insight, should you want o converse further, please feel free to reach out.