All Forum Posts by: George Suarez

Hi George...Welcome to BP! I have faced the same question as you when deciding which shiny object to follow. There are so many avenues to pursue in real estate so it is a matter of starting with one type of property either multi-family or single-family. SFRs are a lower barrier of entry as the outlay of capital is less for a single-family vs a multi-family. Many investors I have coached start with single-family and build a RE portfolio one property at a time. Eventually, they will exchange their SFRs and trade up into multi-families as their SFR portfolio grows in value.

I have been investing in SFRs for the last 16 years and I have built a turnkey company from the ground up starting in 2013. I am happy to share the information, experience, and wisdom I have in the turnkey SFR space to help you along your RE journey. Feel free to connect with me. Cheers!

@George Suarez

Welcome to BiggerPockets! Real e­state investing can be an amazing option for he­althcare workers like yourse­lf. Here are some­ straightforward tips to kickstart this new venture:

Learn re­al estate investing me­thods, market trends, financing choices, prope­rty management, and rele­vant laws. Use sites like Bigge­rPockets for study.

Set short and long-term mone­y goals. Decide if your aims are financial fre­edom, building wealth, diversifying inve­stments, or earning passive income­.

Get your mone­y right: look at what you've got saved and where­ cash flow's coming from. Set some aside for prope­rty plays. Factor in things like credit health, de­bt load, and financing options. Dig into NYC real estate and ne­arby areas. Do tons of research to spot swe­et deals.

Build connections with othe­r real estate inve­stors, agencies, lende­rs, property managers and industry professionals. Ne­twork regularly. Begin small with easily manage­d homes, duplexes or small multifamily prope­rties. Build investment portfolio ste­adily. Scrutinize every de­tail like inspections, finances, re­ntal demands, lease te­rms, tenant rights and local regulations. Neve­r overlook due diligence­.

Good luck!

@George Suarez

The market has changed in the last 2 years because of the raise in interest rates.  There are also many more buyers in the market. Appreciation has slowed in the last couple of years. The cost of raw materials and contractors has also gone up.   There is still money to be made and you have to be more careful and strategic. What is your goal with investing? Decide where you want to end up at the end or your investment journey.  That will be your decision guide. There are markets that are better for cash flow and ones better for appreciation. Use caution when people say they get both. Check out David Meyers book Start with Strategy as a more updated text. Listen to the last 6 months of BP podcasts and find local people you can trust. 

Hi George, welcome to BP!

What types of properties are you intersted in? Single family, multi, turnkey, etc?