Middle aged and tired in New York City

[Alia Ganaposki]

*waves hello*

I am not 21 and eager to make a million dollars in the next 5 years. I hope these pockets are big enough for me.

We have been short term renting two spaces in our home in Queens through Airbnb since 2013. 

We bought one 2 unit property in Arkansas in 2017, and plan to buy another soon assuming we're content with the numbers. 

I'm here because i'm curious. I'm tired because i'm a stay at home mom to 3 boys. The youngest will start school in the fall. If the oldest is going to get his own room before college, I need to replace the lost Airbnb income with something else. Multiple real estate properties would do that, while also helping our retirement plans. 

We bought our first rental property using a HELOC, which we have paid back half of.

We haven't decided if we want to self finance the next purchase or get a bank involved.

Cheers! 

[Deborah Hardin]

Welcome @Alia Ganaposki!  I'm located in central Arkansas.  My husband and I are very interested and busy with the real estate market here. 

Love your curiosity and can empathize with the tiredness!! I am a mom of 4 (3 boys, 1 girl.)

I'd love to hear more about your Arkansas property. How did you find it, when you are in NY? 

Also, how does it work out for you, renting out spaces in your home? Is it awkward? Inquiring minds want to know! :)