NYC Investor...This is my story...

[Scott Bloomberg]

Hi BP Community,

Just wanted to take a second and introduce myself. My name is Scott Bloomberg, and I am a new investor from NYC. About 6 months ago when I recieved a settlement for an injury, I began to research what types of investments would be right for me. Naturally, my family has encouraged me to put it away in the market and let it grow the conventional way. But, paying someone 5% just to pick overpriced mutual funds out doesn't seem like the best deal out there. I began researching real estate--- and even though it hasn't been that long--- I have absorbed as much information as possible. Im ready to take action and have a goal of buying my first property by the end of the year. Im excited to be a part of an amazing community of people who share a passion, are driven, and most importantly are magnanimous.

Cheers, Scott

[Paul Timmins]

@Scott Bloomberg

Welcome. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having 60 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Good luck

Paul