Any tips on someone who's new to real estate and wants to start investing in NYC?

like
Posting as :
works at
You are currently posting as works at

Have a lot of cash handy.

Education is key. Figure out which asset class you want to invest in and make sure you understand the risk.

What’s your goal?

Related Posts

Hello folks

I have offer in my hand from tech Mahindra with 6.30 lpa which includes 10 percent variable. Also Im holding one start up company offer with 7 LPA without any variables. Which one should I choose ??? Tech Mahindra will be good choice as per job security ???

Also with new offer can I ask counter offer in tech Mahindra .?
And if I did not continued with tech Mahindra will they blacklist me ???
#seriouspost #help

like

Hi folks, what CTC and grade can be expected from BNY Mellon for below profile?

VP (grade not known yet)
YoE - 8+
Tech - Power BI
CCTC - mid 20s

BNY Mellon | Pershing

like

Who else is hodling IOTA? Do you plan to keep on hodling?

Is it okay to leave a job after one month of working there? I was unemployed and needed some reliable income and stability. Now was just offered a job that pays a lot more and is much more fulfilling.

like
like

To those of you who are stuck outside of US and working from your home country, did your company file any sort of H-1B amendment mentioning your home country address? Or can we work w/o an amendment?

like

I want to attend grad school starting in Aug2020. When do I tell my team? Feels like there is a better way than give my two weeks when I’ve known 5+ months.

like

I am planning to have kids in the next 4 years and currently work in an industry role. I’ve been looking into management consulting to gain additional experience at a fast pace before I decide to have kids. Does anyone have any thoughts or opinions on this topic?

like

Hey y’all! If you are looking for some resources to save time and help manage the paperwork load, check out the link in the comments!

like

I’m working with a woman who isn’t my boss but witnessed her treating other teammates like garbage (yelling, telling them they’re not doing enough, minimizing legit concerns). When/how do I step in?

like

What is the typical pathway to get into corporate tax planning? Currently in private company assurance

like

There are so many great questions in this bowl but little were answered. If someone can graciously go over them it would be great, thank you!

like

Currently looking for Tech consulting/ Implementation consultant/ privacy roles in London. I have both CIPP/E and CIPM.
Please let me know if you know any roles that are available? Or any recruitment agencies you can refer me to

Thank you!

Am wrking TCS. For am medical emergency I have applied for salary advance today and it is approved.Buy amount is not credited. Ould any one let me know when will I get that money. I need that money for an medical emergency.

Is that possible will I get today?

Tata Consultancy

like

I've been in PeopleOps (mostly focused on TA Ops) for over 9 years now. I've somehow gotten by without a degree in HR or a certification, but would like to get some more education to continue to advance my career. What are your thoughts on PHR vs SPHR vs SHRM for someone with my years of experience and current role as a manager?

Can someone help me on this? Is choosing Fiserv over HSBC/ Citibank advisible?

Post Photo
like

I have offer letter from IBM. IBM HR is continuously calling and asking to join 'Know your IBM' session. Is it a compulsion to join the session before joining the company? If i join the 'Know your IBM' session, would it be compulsory to join IBM further?

I was offered a data analysis public health remote position. Director said “if you don’t hear from HR by the end of the week let me know” that was last Friday HR hasn’t contacted me and I sent the director an email letting her know. It’s Wed and still nothing. Should I email again? Thoughts?

like

Looking for salary ranges for GM1

like

Hi,
Quick question: Do you think is it fine to be asked for preparing an outline for marketing plan as an assessment test so, employer decide if you will be the right fit for position ?

likesmarthelpfuluplifting

Additional Posts in The Real Estate Bowl

How bad is this Airbnb crash going to be? Can’t be as bad as GFC, right?

like

Top 3 attributes you look for in a SFH (for rental)?

like

Has anyone here bought new build townhouse before? I'm about to close in 2 weeks and the contract states that nothing can delay or stop the closing even if something needs repair. If something needs repair, they will fix it while we're living there. And we have warranty for everything for a year. So my question is, should I just save money and have an house inspector come until 3 months before the year is up?

like

Been house hunting for quite some time. Keep getting outbid every single time. Just found something within my price point, but is new construction. Should I go for it? Do new builds hold up their value long term (10-15+ years)?

like

I’m now in month 5 of waiting for my mortgage loan to be approved. I had hoped to be moved in months ago. Is there anything I can do to get the bank to speed up the process?

like

Look! House prices are coming down in the Toronto area! Owning a decent home seems almost attainable now 😭

Post Photo
like

We own a rental property that has appreciated quite a bit and have the opportunity to do a 30-yr cash out refi at 75% LTV that would leave us with about $200,000 at the end of the deal. Rent currently wouldn’t cover the costs and we’d need to deploy the cash and earn about $750/mo to break even. We’d ideally like to use the money to invest in other property and syndicates. Seem like a good idea? Not sure if we are over leveraging ourselves and it’s worth the risk.

like

How do you go about figuring out the upgrades that you’ll need to do to a property when looking at a property to flip?

like

Any recs on where to park $300k for 3-6 months while my LLC takes a pause on buying RE? My partner has low-ish risk tolerance but I'd like a better return than the "high yield" savings.

like

Moved into first home and planning to flip in couple of years. Does not want to spend much on blinds.From where I should get the cheapest blinds?

like

Thinking of buying a lake front house and rent it on Airbnb. Does anyone here have experience being a host and guide me thru how to estimate the cash flow and rental stats in the area etc

like

Hi All, Does the lender consider unvested stock amount from RSU during closing?

I have over 12 years in B2B sales/sales management experience along with a graduate degree. I am wanting to shift gears and I am at a point where I can invest time in myself to learn through practical experience. The new industry I am wanting to pursue is real estate investment. I have read all the books but want some hands on experience on the property management side. How could I best leverage my skills for a role in this, and what should my expectations be for negotiation in compensation?

Anyone buy a house in the past few weeks? What rate did you get quoted at?

like

Question for my tax gurus. Want to refinance my rental property. I assume I can deduce closing costs, new interest expenses. The cash im pulling out, however, is going to a personal reason. If al@this above board? I’d love to be able to increase my interest expenses in a tax deductible part of my finances (I take standard deduction).

like

Anyone have experience with real estate in Boston? Im a first time home buyer and I’m looking to buy spring/fall 2021 (timeline as I’m currently on international tour) and feeling quite overwhelmed. I have about $175k saved and very good credit score at the moment (over 800). Even with this I feel everything is insane in this city! Any advice or tips that you can share with me please?

like

I’m looking to buy a property in Costa Rica or Panamá, any tips on banks that do international mortgage?

like

Would love everyone’s thoughts! Which of these two options would you pick if your goal is to buy and hold for appreciation purposes given these are in a very hot market. Both same lot size.

Option 1:
- $175k lot located on very busy street but across the street from new $700k townhomes and restaurants

Option 2:
- $250k 3 bed/1 bath fixer upper located at end of dead end street, houses on street all fixer uppers, located down the street from Option 1 (so also near new builds and restaurants)

like

Hey guys, I’m looking to invest in the purchase of land in Austin. Because it’s not commercial or residential investment at this point, I’m at a loss for financing options. I’m short $100k. Any ideas on where I can get a loan from for this?

like

Anyone in the DMV area and interested in joining a young RE investors club?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal