New Investor in Westchester County NY

[Christian Reyes]

Good morning everyone,

A long time ago, I came here looking for some answers regarding real estate. However, I then got caught up with school and work......thus derailing my aspirations to become an investor.

However, now that I'm more settled, I've been reading just about everything I could on this website, listening to the podcasts, and finally decided to take the plunge.

I am working on my first deal for a home I am going to live in. Now, I'm not going to lie, I went a bit with my heart on this one because of my wife but I have learned and will never make the same mistakes twice.

I am here now because I hope to connect with real estate investors. This area of business has always fascinated me yet I've never fully explored it. A big lure for me is performing notes. I listened to the podcast with Bob Malecki and now I'm in love with the idea of becoming the bank and helping people stay in their homes while also profiting. I'm also in love with the idea of multi family homes.

To the guys who came up with this website, thank you! You guys are Angels. The vast amount of information on here is ridiculous. This website could be it's own Wikipedia on real estate.

Best wishes to you all,

Christian Reyes

P.S I live and work in Westchester NY. I hope to connect with anyone and everything. Lets learn together!

[Account Closed]

@Christian Reyes Welcome to BP!  This is a great community to learn and network.  Take full advantage.

I've been an active investor in Westchester County for the past 7 years.  Out of all of the rivers towns in Westchester I am the most bullish on Yonkers.  The relative proximity of the City makes it a natural destination for those commuters who need easy access to NYC without having to pay up NYC rents.  There's a few developments underway that will help to accelerate the growth the city has been experiencing over the last few years:

http://www.rxrrealty.com/2015/09/rxr-rising-jv-to-...

https://therealdeal.com/issues_articles/hipsturbia...

There are still deals to be had in Yonkers and other places but don't expect to find them behind a computer screen. You have to get out and network, network, network. Those who have access to the good deals are not listing them on the MLS or on Loopnet, they are presenting those deals directly to their contacts. That includes bank owned properties.

There are several meetup groups that meet once a month in White Plains, Yonkers and the Bronx.  Some are run by fellow BP members.  You can find more information about the coming meetups either through the "Networking Events" section of BP or directly on Meetup.com. 

I'd also be happy to share some local investor friendly attorneys, agents, property managers, etc...

Best of Luck!

Ruben