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Was my first real estate purchase in New York City a deal or a disaster? In this video, I share my journey of investing in my first real estate property in New York City, revealing the lessons learned along the way. I paid $50,000 over asking on my first real estate deal in NYC, and no, that’s not a typo. 😅 I break down exactly why I still pulled the trigger, the 5 biggest lessons I learned, and how it affected my long term credit strategy. If you’ve ever wondered whether paying over asking in real estate is a huge mistake or a smart move, this video walks through the numbers, the risks, and the mindset behind my first deal so you can get all the information. For me buying in a competitive market forced me to rethink my process. I looked at everything from my offer strategy to my credit card usage after closing. Are you looking to maximize your spend after closing? Two credit cards that could make sense are the Chase Ink Business Cards and the Mesa Homeowners Card. Check out these videos to see if these cards are right for you: • Mesa Homeowners Card: Best Credit Card for... • The Best No-Fee Business Credit Card: Chas... This video covers: How I found the deal and why I thought it was underpriced Why I was willing to offer $50K over asking in a competitive market How the property still appraised higher than my offer The 5 key lessons I learned as a first-time buyer/investor Mistakes to avoid so you don’t blow up your mortgage approval How I used credit cards after closing for renovations, furniture, and points (while still paying in full) What You’ll Learn in This Video: Factors to keep in mind when analyzing a real estate deal so you’re not just guessing When paying over asking price can still make financial sense How appraisals work and why your offer isn’t the whole story How to protect your credit score and debt profile before closing Smart ways to use credit cards after closing for big purchases and renovations (without going into debt) Below are some cards and savings accounts I love: Goldman Sachs High Yield Savings Acct 👉 https://www.marcus.com/share/MIC-VRG-... Chase Sapphire Cards 👉 https://www.referyourchasecard.com/19... Capital One Venture X 👉 https://i.capitalone.com/JCKUM3gW2 Rakuten 👉 https://www.rakuten.com/r/MICHAE13863... Amex Cards 👉 https://americanexpress.com/en-us/ref... Chase Ink Cards 👉https://www.referyourchasecard.com/21... Chapters 00:00:00 Start Here 00:01:06 About Me 00:02:03 Lesson 1 00:04:13 Lesson 2 00:06:07 Lesson 3 00:08:08 Lesson 4 00:09:51 Lesson 5 00:11:35 Bonus Lesson 00:13:53 Recap Some of the links in description are referral or affiliate links. If you use them to apply for a card or make a purchase, I may receive a small commission or bonus points — at no additional cost to you. I only recommend products I personally use and believe provide real value. This video is for education and entertainment only and is not financial, tax, or legal advice. Always do your own research and consult with a professional before making real estate or financial decisions. I never recommend carrying a balance on your credit cards—pay in full, on time, every month. #realestateinvesting #realestate #investingforbeginners #creditcardstrategy #buildingwealth