When I was 22-years-old, I put a deposit down on my first property in New York City. It was a small 525 sq. ft. studio apartment in the fast developing DUMBO area of Brooklyn. DUMBO, short for Down Under the Manhattan Bridge Overpass is literally right under the Manhattan Bridge in Brooklyn, across the river from Manhattan.
The studio was in a new high-rise condominium development that had yet to be constructed. Unbeknownst to me, buying this property was one of the most dangerous but rewarding financial decisions I’d ever make. [Read more…] about How I Bought My First Real Estate Investment Property At 22-Years-Old