New member from New York City (open to invest elsewhere)

[Adam Shbib]

BP Community,

Uh oh. . another newbie! Hello BP members - thanks for taking the time to read yet another 1st (but not the last) post!

Quick intro - 25 Yrs - Lived and educated in the England, the Middle - East, and California - Currently live in New York. Work on Wall St in Relationship Management at a Global Investment Bank.

I have enjoyed trying my hand at entrepreneurship from a primitive age and have always appreciated the education those ventures have provided me through success or failure. My first major investment has involved running a ticket brokerage firm which (after 2 years of hard work) yields me a solid fairly passive income for minimal effort. I enjoy the feeling of investing in something that can yield greater value in the long run provided one thinks out of the box, is not too fearful of failure and has enough patience to seek the desired results.

After doing some homework (thank you BP for the insight and knowledge provided - I greatly appreciate it) I am seeking the next necessary steps in order to begin on a journey of building a portfolio of buy and hold properties and to reach my ultimate goal in creating enough passive income in order to retire before I am 50.

Steps I am taking:

1. Research research research

2. Do those 75 hours at NYREI to obtain the sales license

3. Expand REI network - Introduce yourself I want to meet you!

4. Sourced 2/3 partners who are willing to invest with me (need to figure out how to structure that) Look into the FHA loan more in depth.

5. Find a state and area to specialize in - on the surface it seems New York seems extremely difficult to get started in?

6. Work on increasing credit score (new lines of credit/ keep utilization low)

I have a ton of questions/ forum topics mostly related to the above. I think it is best if I post them as separate posts.. In this post it would be great for people to introduce themselves/ maybe comment on my steps/ or just say hello! I understand it is all about helping others out and I am limited in advanced REI knowledge, however I am happy to provide information regarding the Ticket Brokerage world for those interested!

Thanks,

Adam

[Adam Shbib]

Thanks for your '2 cents' @Eva Marin it would be great to talk to someone from a similar area and get a grasp of where you see the market moving in the next 10 years. You may be interested in this article I read the other day about the opportunities of investing in Harlem. Will send you a PM so we can talk more. @Pete Nater thanks for the link. I will make sure to attend the next meet up!