Newbie from New York City

[Ken Yeung]

Hello BP members,

I have been in BP for 2 months, and thru Brandon Turner's podcast, he reminds everyone to introduce themselves in the forum.

My name is Ken, I am living in New York City.

I first encounter real estate investment in 2009, after bought the fist condo, with no knowledge whatsoever (A big lesson to learn).  All over a sudden found out that the income and expense on the personal side just enough to break even, which means I don't have any saving personally.  I am looking for ways to get out of this pressure by understanding more about investment, I don't like stock because it is too volatile to handle. Knowing my personality, I want to have steady gain in long term growth.  I think real estate is better suit for myself.

I went to seminar regarding the wholesale, but in New York City everything is high price, it is not easy to begin with as I think.  I gave up on this.  Then I learned about tax lien certificate investment, the starting fee is low enough for me to get in, obviously because of the low input, even with a good return (12% or more), the profit is minimal.  I have been actively participate on tax lien sales since 2012.  

Now with a little bit more saving, I am into the buy and hold markets.  I have researched Columbus, Ohio and Indianapolis, Indiana.  I went for visit one month ago, and would like to get a goal to purchase at least one property by the end of the year.  I am looking for turn key properties, and also trying to form a team around myself.  I am trying to gain experience as much as possible.

I am looking forward to share my experience via BP forum.

[Robert Ellis]

Originally posted by @Ken Yeung:

Hello BP members,

I have been in BP for 2 months, and thru Brandon Turner's podcast, he reminds everyone to introduce themselves in the forum.

My name is Ken, I am living in New York City.

I first encounter real estate investment in 2009, after bought the fist condo, with no knowledge whatsoever (A big lesson to learn).  All over a sudden found out that the income and expense on the personal side just enough to break even, which means I don't have any saving personally.  I am looking for ways to get out of this pressure by understanding more about investment, I don't like stock because it is too volatile to handle. Knowing my personality, I want to have steady gain in long term growth.  I think real estate is better suit for myself.

I went to seminar regarding the wholesale, but in New York City everything is high price, it is not easy to begin with as I think.  I gave up on this.  Then I learned about tax lien certificate investment, the starting fee is low enough for me to get in, obviously because of the low input, even with a good return (12% or more), the profit is minimal.  I have been actively participate on tax lien sales since 2012.  

Now with a little bit more saving, I am into the buy and hold markets.  I have researched Columbus, Ohio and Indianapolis, Indiana.  I went for visit one month ago, and would like to get a goal to purchase at least one property by the end of the year.  I am looking for turn key properties, and also trying to form a team around myself.  I am trying to gain experience as much as possible.

I am looking forward to share my experience via BP forum.

 Ken, from your research what made you decide on just columbus for the ohio market? from some of the major macroeconomic growth factors and jobs you may want to look at cincinnati as well. there are quite a few investors that we work with that look at both of those two markets.