First of all, does anyone here have very good experience with localbitcoins? Apparently there are people that would buy bitcoins and pay cash for it and even a higher rate?
If i do sell bitcoins through local bitcoins, it would be in new york. Does anyone know of reputable users there? I read online that lot of ppl have great and perfect feedback only to find out they have been scammed later on.
You cannot sell Btc in New York without a Bitlicense. Local bitcoins policy. I trade there all day every day
Yes, be very careful about this. This is probably a very bad idea. The US government is not kidding about selling Bitcoin.
Check this thread, I am sure you will give up on your idea after reading through it:
https://bitcointalksearch.org/topic/burtw-arrested-update-charges-dropped-934268