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Updated over 8 years ago on . Most recent reply

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Thomas Palompelli
  • Bronxville, NY
3
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New member in the NY Metro Area

Thomas Palompelli
  • Bronxville, NY
Posted

Hey everyone!

My name is Tom and I'm looking to get started in RE investing. I've been lurking on the site for a few weeks and decided to finally introduce myself. I currently live in NYC (FiDi) but am looking for investments in lower Westchester (Croton On The Hudson in the north down though Yonkers) since that is where I was born and grew up.

My RE goals are two fold. Short-term (<12 mo), looking learn as much as possible and finally invest in a 2-3 family unit with my wife and I occupying 1 unit (house hack if you will). Want to start building a bit equity and stop bleeding (so much) money in rent; rather pay a mortgage than rent. Longer-term (>18 mo), looking to start investing in pure invent properties to incorporate a new source of cash flow. Ideally within 5 - 7 years, have enough cash flow that my wife can quit her job and focus on becoming a teacher (which is really what she wants to do).

Looking forward to being a part of the community!

TP

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

@Thomas Palompelli

Welcome to the BP family! Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

Wishing you the best!

  • Dmitriy Fomichenko
  • (949) 228-9393
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