New NYC Investor, Looking to Invest & Connect

New NYC Investor, Looking to Invest & Connect

Investor · New York, NY · Member since 2019 · 44 posts · 30 votes

Hello! My name is Charles and i'm beginning my real estate adventure. I've listened to a little over 150 podcasts episodes and in everyone of those episodes Josh and Brandon tell you to say Hi on biggerpockets so that's what i'm doing. Got my education going... Rich Dad, poor dad, e-myth, millionaire real estate investor, you name it.

A little background on me

I went to NYU for engineering. Work full-time in engineering and I really want to get into real estate. I live in Queens, NY. Very good with numbers and I have a little bit of capital saved up. Also very handy because I worked and studied in manfuacturing.

What i'm Here For

I'm looking to open myself up to opportunities. I've been scanning real estate in NYC for a while now and everything has a pretty hefty down payment and doesn't cash flow very well for beginner investors. I would like to know if anyone else on BP is in my situation. I don't plan on leaving NYC so I am beginning to look for out of state investments. I am also wondering how you overcome not being in the area (property management, etc.)

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Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
7y

@Charles Xia

You may find it beneficial to connect with NYC investors and see what they are doing. You can connect with them here on biggerpockets or by attending a local networking event.

There are so many NYC networking events.

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  • Investor · Chicago, IL · Member since 2009 · 1k+ posts · 1k+ votes
    7y

    I know it is expensive, but you live in a very good market.  High Demand. Short on supply.

  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    7y

    @Charles Xia

    You may find it beneficial to connect with NYC investors and see what they are doing. You can connect with them here on biggerpockets or by attending a local networking event.

    There are so many NYC networking events.

  • Brooklyn, NY · Member since 2018 · 79 posts · 30 votes
    7y
    Hi Charles, Welcome to BP, this is a great community online for learning, there are also many events across NYC where you can meet active investors. Good luck on your journey. Feel free to reach out if you ever want to connect or brainstorm some ideas
  • Investor · Great Neck, NY · Member since 2016 · 679 posts · 467 votes
    7y

    @Charles Xia

    Numbers here in the NYC area do not make sense.  I too recommend attending various networking events and begin the process of exposing yourself to the world.  It will only be a matter of time before you run into other like-minded individuals. 

    Also just as an FYI, out of state investing for us NYers is a great option (I'm also biased because that's what I do).  Best of luck!

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