All Forum Posts by: Jonathan Miller

Thank you for each of the responses. Admittedly, I’ve just starting analyzing tons of properties and using resources I’ve read or heard about to research different markets. If I can make it work, my preference as of now will be to start local. That being said, maybe a better question I should be asking and focusing on is what strategies I can develop to identify leads and deals in my preferred market so that I can get cash flow. If that’s still not fruitful I can focus elsewhere. 

Hi all,

I've recently started listening to the podcast and reading everything I can get my hands on. I'm wondering what advice anyone might have for new investors living in very expensive market (NYC). I'm interested in SFH LTR and would like to start smaller and local (looking out toward Suffolk county as well) to gain experience but it seems like cash flow would be difficult to find even for more experienced investor. I anticipate investing long-distance in other markets in the future but would feel most comfortable being local at first.

Do I just accept negative cash flow and try to break even knowing it's an appreciation market, look at other markets from the get-go, or can anyone provide advice to optimize my opportunity here?

Thanks so much. I'm excited to join the community.