Hi guys, I am a 33 year old guy currently living in Brooklyn New York. I work as a barber and I have gotten pretty serious about saving over the past few years. I have been interested in the concept of investing in a rental property for a while now but had no real clue where to even begin. This led me here and I am really glad I found this website and I hope to learn a lot about real estate investing. 
Thanks

Mark

@Mark Dolan  

Welcome and best of luck on your investing journey! Feel free to reach out if you have any questions or get stuck on anything.

@Mark Dolan welcome!  Most people are very happy to speak about investing on this site.  You're off to a great start by saving, and knowing you want to own a buy and hold property! Feel free to reach out to dive deeper into your investing goals.  

Thank you guys. Any recommendations for particular articles or podcast episodes that focus specifically on investing in your first rental property. My goal is to start small and keep things simple in the beginning. Thanks again! 

Mark 

@Mark Dolan

Welcome to biggerpockets!

Congrats on being able to save some reserves with the intent to purchase a real estate investment property.

Have you decided on a market to invest in?
Have you talked with a lender to see how much you qualify to purchase?

There are a couple of BP podcasts where the guests interviewed like 3-4 "new" investors and spoke with them on the same podcast.

Good luck in your investing career!

Originally posted by @Basit Siddiqi :

@Mark Dolan

Welcome to biggerpockets!

Congrats on being able to save some reserves with the intent to purchase a real estate investment property.

Have you decided on a market to invest in?
Have you talked with a lender to see how much you qualify to purchase?

There are a couple of BP podcasts where the guests interviewed like 3-4 "new" investors and spoke with them on the same podcast.

Good luck in your investing career!

Thanks, I am currently just trying to educate myself on the process of investing in a rental property and trying to formulate something of a plan. I haven't really thought specifically about which market(s) I wish to target but my general idea is upstate NY. Having lived in the Nyc for almost a decade now I have seen a lot of small towns in upstate NY become very desirable places to live. I haven't spoken with any lenders just yet and I am a little concerned about the fact that I am an independent contractor so I don't have the same consistent records that many salary employees have. I was wondering if banks are more flexible with lending to somebody like me if I pay a higher % down on a mortgage. I would generally prefer to keep loans to a minimum and would rather put in more of my own savings. Not sure if this is even a thing but thought I would mention it : )

Cheers!

Mark

Hey @Mark Dolan and welcome!

Sending you a private message. Would love to connect and learn more about your goals and investment criteria.

Welcome @Mark Dolan -- looking forward to seeing what you can contribute and how we can help. I've done a bit of work in Brooklyn but more NJ than NY. Ping me if you need anything 😎