Hi everyone, my name is Derek Eddy and I am from CT! I have been working at GEI, a Civil/Environmental Engineering company for the past 7 years.
How I found Bigger Pockets: I am a newbie here and am just starting to get an investor mindset when it comes to real estate. I'm ready to learn! I have been saving for retirement, doing the stock market thing for a few years now and recently stumbled across podcasts (late to the scene, I know) and folks talking about early retirement (Mr. Money Mustache, Rob Berger-the Doughroller podcast, Jeff Rose financial planner, and others). This led me to come across the BP podcast and website. A few weeks later, now I decided to sign up here. I have been listening to the BP podcast for a few weeks/months and am starting to absorb the great wealth of information available. There really is so much to know!
My real estate background: I co-owned my primary residence for 4 years while renting out 2 rooms of it. I recently sold it and looking back realized how lucrative that lifestyle had been. I listened to a podcast today that mentioned how much someone regretted selling their real estate... I understand that sentiment, though everyone has their reasons for selling!
About me: I am getting married this coming January, and moving to Queens, NY in September! I will be working in Manhattan--very exiting! Finding an apartment is a wild ride there, I have never seen places come and go so quickly in CT! If you are reading this and have a lead for me let me know! I am looking for a 1 bedroom for $1400/mo. or so. Rent prices have really sky-rocketed there!
Real-Estate Goals: My current goal is to purchase a turn-key property in Florida and rent it with the oversight of a property management company. Passive, hands off, steady income... even if it is only paying down a mortgage over time. As a secondary goal, I would love to own enough properties that cash flow, and ultimately replace a $30k/yr income.
I look forward to meeting and interacting with you all!
Welcome to the site, Derek. It's a great place to be. Best of luck finding your NYC apartment and investment property.
Good luck on your investments! In regards to your apartment northern Manhattan comes close to the price you mentioned if you are okay with a studio maybe a 1 bdrm. If you want queens Astoria might be a decent place to look. My biggest advice is look for a safe neighborhood with mutiple train options as the trains get feisty on the weekends. Nyc.gov/crime should help. As well as nakedapartments.com, streeteasy.com, and the almighty Craigslist of course.
Good luck on your searching!
Welcome to the Best Real Estate Site on the Net.
It is always nice to see another Ct., resident in the forums.
Click on the "learn tab" at the top of the page, and you could be spending many hours on the Information that is available.
@Ryan C. thanks Ryan, I am heading down to Astoria today to an open house, keeping my fingers crossed on this one!
@Raymond B. I appreciate the tip! I also have setup a few keywords, and my inbox has been overflowing with forum posts. I will have to check out that tab as well. I figure steady learning a bit each day is the way to go.
Good luck! My friend found a pretty nice studio there for $1,400 recently.
Welcome @Derek Eddy !
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