All Forum Posts by: Account Closed

Thank you Abel for answering in such detail.

I was pre-approved for a co-op. So, I will definitely take my time to think my next step.

Hello All,

I am looking to buy an apartment in New York preferably Queens borough. I got pre-approved as well. My budget doesn't allow me to buy a house or a condominium so I might have to go with co-op. I wanted to know if it is wise to buy a co-op as a first-time home buyer. I want to know everything that follows up when you buy a co-op. My main goal is to buy and rent it out. But I have heard it is very difficult to do so. How long does the process take and what are the problems someone faces when they buy co-op? If I want to sell down the line will it be easy? 

Anyone who have started out their journey in real estate from Co-op I would like to know your perspective. 

Looking forward to hearing from you all.

 Hello Andrew Thank you for the reply. Definitely will connect with you.

Thank you Kayla for replying. Definitely going to follow your advice. 

Hello all, 

I am new to this BiggerPockets Community. I moved to New York some time ago and am now considering investing in a rental property. I would prefer to invest within the next 8-10 months depending on the market. I do not know much about investing and everything that goes into it. So, I would like to do much preparation before I jump into the market. Definitely would like to meet like-minded people and get to know their ideas and thoughts on investing. Also, I would like to connect with real estate agents who can work with a newbie like me and guide me through the investing journey. Since I am based in New York City I would like to have my first property within a 1 or 1 and half-hour drive to and from the city. 

Looking forward to learning a lot from this community.