I bought a property last year at 24 years old too! Love to see young people buying real estate 😊

Step 1: Make $150k

Thank you so much for sharing your NYC apartment hunt and being so transparent on breakdown of costs. You’re awesome!

Wow, what a huge accomplishment! 👏🏾💐🥳Congratulations, I’m excited to watch your journey!

Angela! I love this video, and thanks for the shout out. Glad you're enjoying the home and can't wait to see the finished product!

I bought a 2bd 2bt floor to ceiling window luxury condo in Atlanta at 23. I did it because I wanted the same luxury apartment life like other people my age, but I didn't want to pay the premium in rent. I also didn't want an actual house as a single woman living alone. I didn't want people on the street to be able to see exactly which place is mine. I'm so proud of other people my age who are buying homes. It's so hard for us and the odds are stacked against us.

Guys, stop saying HOA is high. It's incredibly low in NYC, so is RE tax. Great deal in terms of carry.

This is literally the exact video I was looking for from the exact person I wanted to see it from. Quick question, do you think it would be good to buy a property in manhattan with the intention of selling it after 5 or more years? I see that the real estate market increases over 5% each year but I also heard manhattan investments aren't great but am not sure why.

Congrats, NY prices are wild. $600k is a mini mansion here in Texas, at least 3 car garage, 3500+ square ft etc

lol. NYU dorms are 2.5k. Congratulations 🥳! I’m happy for you !

This process was sooooo interesting. Thank you so much for sharing and congratulations! It’s a video that makes people feel good for some reason. I find this so motivational. I’ve watched it twice already.

Am I crazy for thinking this is insane? She could've gotten a whole house in a different part of the city like Brooklyn or Queens for the same price or less. That would've been an even better investment if the plan is to eventually rent it out. And it's really not that big a deal to hop on the train to get to work.

This is so impressive! I'm currently in the same boat right now, thanks for sharing your experience that's so boss at your age.

Been waiting for this video! Thanks for sharing!

Wow 2.2%!,You got it just in time haha! I'm looking in the area now and rates have more than doubled 😭 Thanks for the very informative video!

Congrats Angela! That is great news. Thanks for sharing the whole process.

wow, $170K cash...you go girl...and yeah, the common charges are insane...but living in murray hill is really nice

Thank you for your video. I have a quick question: Does the bank require you to have a certain amount of money or assets after you’ve made the down payment? For example, proof that you have enough funds to cover a year’s worth of mortgage payments?

Thank you for sharing, your thought process was really similar to mine for the reasons why you purchased an apartment.

At 24, wow, you're crushing it!

2.625%! that's really good! congrats...i like this interest rate because it's low but sucks that you had to put down a 25% down payment...hopefully you can buy your next home with all cash...i hope you're not going to take 30 years to pay off this mortgage

Congrats! Can't wait for the apartment reveal!

Congratulations! Very Inspiring! Can you please do a video about your net worth journey now compared to your net worth right out of college? and how you were able to accumulate that much in savings? I'm 24 with a job in the big 4 accounting but I'm still far from buying my own property. I do save and invest tho but the returns are slow. How were you able to accomplish this? I know investment banking pays a lot but thats because of the bonuses, and those bonuses get taxed about 50%, so you're technically only getting half of that money. Do you have any other source of income? or just capital gains on stocks? do you get stock compensation from your current company? Just need some tips as a young professional like you :)

Guys, if you see Angela on the streets. RUN!

Finance is NOT my forte, but dropping $170,000 for the privilege of paying basically the same monthly cost as just renting, for 30 years or until you sell it is wild to me. That's a lot of money to kiss goodbye that would probbaly grow more in the market, or as a business investment. And to think this is just for a studio!!!!!!!!!!! I'm from NYC and live in manhattan, and this video broke my heart. I don't think I'll ever be able to own an apartment in my own hometown and I'm a software engineer at big tech. Unreal.

I have watched some of your Investment Banking videos a few months back. Great to see you reach such a big milestone at just 24. Congrats!!

congrats!! would love to see a video about the renovation too :)

May I ask you how you saved up for or managed to pay $170,000 upfront? If it’s not too personal to ask and if you’re willing to answer, what job do you have? I assume you have a high-paying job, Congratulations 👏 on buying a studio in NYC at a young age! It’s impressive ☺️

I am planning on moving to NYC (from Toronto) for work. This breakdown is great! Thanks Angela!

Super helpful video! And 2.625% is actually historical low rates over the last 50 years!

Thank you so much for sharing! Love your transparency!!

This is amazing! Congrats! This is so huge, so happy for you :)

Oh My God!!!! Congrats Angela! You seem so much happier since leaving IB

this was very informative. thanks for sharing!

Congrats Angela!!!

CONGRATULATIONS ANGELA!!! This is a huge accomplishment!

congrats 🥳🥳🥳🥳 . wating for apartment tour. are you still working in private equity.

Awesome. That is great news!

Congratulations 🎉 Angella, so happy for you 😄

Good breakdown Angela!

OMG WOW CONGRATS ON SUCESS SO YOUNG!!!!!!!

I don’t think you understand how much u helped me. I didn’t think this was even possible! I will be doing this instead! Love this

Awesome information

Wow congrats! What a big milestone :)

Sorry to be negative, but as an architect, I hate the word investment used to describe housing. Just sell it and buy your next apartment when you need to, why to you have to hoard houses ? Moving to different city ? Hotels exists. That's the problem with the housing "shortage" some people own multiple properties, and the rest don't.

Smart girl! Congrats 🎉

Thank you sm for sharing the deets

Nice apartment! With nyc offices doing more remote work why didn't you consider getting a whole house for just a bit more? Not seeing enough roi for this to be an investment rental is all. And sounds like long term you wanted more than a studio. Houses in queens have been outperforming the last 15 years. Plus you'd have alot of rooms to rent out and charge for the driveway parking spot. Can finish the basement for your office 🏢 🙏

700K for a studio rental apt is insane. IDC if it is in NYC, that's not a flip. I don't know if it's a smart way to get ROI. I'm not saying it's not possible, just that you're probably going to be squeezing ever last red cent out of people looking to rent. If you move out and move someplace way cheaper in the meantime it might be doable. Anyway congratulations I guess all the numbers made sense for you.

congratulations!!

Quick Question: Do you pay monthly bills for utilities like gas, electricity, etc. or that is included in your HOA fees?

I'd never be able to do that because to be honest I probably be working minimum wage for the rest of my life because I don't want to go to school for anything I don't really like any sort of job or career

$300 HOA is crazy!! What building??

Congrats! Definitely not easy to purchase an apartment in NYC! Just curious, how many comparable apartments did you screen before narrowing down on this one? Did you hire anyone to inspect the apartment or lawyers to go over the paper work during the due diligence process?

How did you manage to save $170k 2 years out of school?

Hi Angela. Nice video n tips. Can you let me know the agent I use to help buy the apartment please. I’m looking to buy an apartment.

Thank you for all the information. Quick question, do you mind explaining how your mortgage comes out to $1850, when after the down payment, you are expected to pay $450K over the next 30 years. Thank you!

Congratulations! I am looking to buy a condo too and this is very valuable information. Just wondering why you did not consider LIC lol looks like they have many newer and nicer apt buildings there and they are close enough to midtown through the trains. The studios there do generally exceed 700k tho, but not by too much.

Can you talk about maintenance for the apartment? I would like to buy an apartment in the future, but I don't know where to begin and what to do if for example if there is a crack in the wall or something like that.

She means her parents bought her a apartment

This is awesome. Congrats! Did you get pre-approved before searching for properties?

Thank you.

Thank you for your video. My question is how did you come up with 170k at 24 yrs old to put down on an apt. Also, did you go conventional financing?

very cool. you had the money and made a great investment.

Hi Angela I have heard people moving to Florida/Texas from NY and California. Is Florida and Texas are the best states to live in US currently ? Please do a comparative analysis vis-a-vis the former and later. Thank You 🙏🏻

I like your video 😍

Damn you are rich . Congrats

Did you end up getting a studio or a 1 bedroom? congrats btw!!

good to see you and very helpful to me~~i am investor for real estates in Korea. also want to buy apartment in NY even i am staying in other country.

2.62% for 30 year...deal of the century

How were you able to save up so much money?

Witness the frenzy of New York's $3 billion housing spree! 🏠💨 How Quickly Can $3,000,000,000 of Housing Sell in New York?

Nice !

Thank you Angela. This is an awesome video. Question: At what point would you consider renting out your condo? What it be a move out of the city, or would you consider buying another property in NYC and renting ou this one? I'm thinking strongly about buying a condo and I'm just trying to get a sense of what it looks like to rent out a condo if I were to move.

totally worth it !

Hey can you recommend your realtor to us we looking for apartments in new your City.

What's your income range to be able to afford this?

Cant you write off real estate taxes?

Congratulations

Wait? Arent there washing machines in NYC apartments? Like you dont have the pipes or what?

so how much is the resale value ?

Is your age relevant to the buying process, or is it just a bragging point?

congrats!

Can we apply for FHA loans for NYC apartments?

what is this 350 HOA fee? (coming from europe)

personally looking withing a year to purchase. Im curious about if you had tried first time home owners programs before you purchased or no, I was reading they can help with Down Payment costs and other things.

how did the citizen bank collapse affect you, if at all?

Why not buying a co-op ? Congrats

smart girl...making sure that you don't buy a co-op so you can rent your apartment out and make that bank

25% down?? Hot damn! O.O So... that's, like... over 120 GRAND you had to pay upfront, on top of a loan for the rest?

For how long do you pay the monthly fee?

Are you looking for a nyc condo ? I have a great 2 bedroom available. ASKING: 640K.

2k! I'm stressing trying to find something less then 1.5k

Interesting stuff. Congrats on the apartment! I'm just watching out of curiosity to see how these things work in different countries. Is it so in the US that the HOA handles stuff like necessary renovation work on the building, even major work like let's say when the plumbing or electric wires or what not come to the end of their life? And that all comes off of that HOA fee or may there be additional fees?

Hello! Would you be able to provide the list of mortgage brokers that you reached out to other than citizens bank? also does going out to many brokers and allowing them to run your credit hurt it at all?

300 HOA fee monthly seems very high? Did you mean annually?

How much was downpayment

Well congratulations.!!!.. But this does not expolain how the rest of us working class stiffs....can come up with that amount of money.. plus etc etc etc fees... I do believe you either have to have well off parents to assist or have landed a great job in the six figure income bracket or be a famos person with unlimited financial resources .... But to the select few that can do it.... Its an awesome story....

Can we get an apartment tour 😭

how many bedroom?