Investor · Port Washington, NY · Member since 2014 · 13 posts · 6 votes
Hey guys,
Been reading BP for a few months now and listened to a few podcasts (still listening, and I don't skip any of them, starting from the first), finally confirmed that this is the place I definitely need to hang out more, BP is just so awesome!
I am based around NYC, lived in Brooklyn for almost 10 years, Seattle for 2 years, South Carolina for a while, and now settled in Long Island. I'm a Software Engineer in a tech company and I don't plan to quit any time soon since I loved this field.
I got two multi family houses around NYC, fixed up, and rented. The cashflow is alright but cash on cash return is low, you know it's NYC, can't even get to 1%. The appreciation is great so far, but after reading all the awesome examples from other members, I feel I am actually not doing the investment right.
So starting from now on, I'm planning to invest outside NYC and looking for better return rate on cash, and keep reading BP and the books suggested by the community.
@Drawyan Zhang Welcome to BP. I agree this site is quite awesome. I am a formerly of Seattle myself, some 21 years in the area, still in the NW, 300 miles south in Eugene. My parents are from New York.
Welcome aboard! I started my investing in the Poconos, then ventured into Queens NY and now going to try flipping in East Stroudsburg. Best of luck in whichever road you choose.