All Forum Posts by: Jennifer Cramer

YES!!!!  Exactly - the laws in NY do not favor landlords AT ALL which is part of the reason I'm hesitating (the other reason is the $).  For example, I had considered buying a place near my son's college town (Binghamton) to rent to students and I heard nightmare stories about how the town changed it's zoning laws and now only houses in certain areas can be rented to students etc ect.  

@Chris Seveney

 Thank you so much for the valuable advice!  I didn't even consider outlying factors like snow removal in my calculations!  I will add Alabama to the list of places I'm considering in the East Coast. Right now, I'm focused on finding 2-3 areas to research extensively and then finding a realtor as the first of my core 4.  Funny you mention "turnkey rentals".  It's something I hadn't thought about but willing to explore given my limited time and expertise. It might actually be the best option for my first property. Will start searching the forums for past threads on this topic. Thank you!

 Thank you for the warm welcome!  I'm a novice today but hopefully will be a valuable contributor in the future!

 Thank you for the response.  You and Nicholas L have similar advice.  Curious if looking local is more of a strategy for beginners as I keep reading posts and seeing videos of people investing outside of where they live.  Either way, appreciate the advice.

Thank you!  Great advice though I admit that buying in my immediate area is not as appealing due to the cost but maybe there are deals out there.  Atlanta is a place that I  go to fairly often and I do have connections because of my old job,  Based on what you're telling me, I should lean into those locations? I do wonder how others out of state investors are able to make it work from a distance

Thank you @Julio Gonzalez!  It's quite an overwhelming process.  I have about a few months to learn as I won't be ready to buy until Feb

Thank you!!! Right now I'm looking to invest in a SFH/MFH as a "Buy and Hold". However, I am open to other things. I'm not looking for immediate income - I'm more interested in building equity in the long term and not losing money in the short term! The one thing is that I have whatever I do will need to be as turn key as possible (will need a property manager) as I don't have the time at this stage in my career to manage properties.

@Marlon Fong Thank you for the reply, links and the warm welcome!!!  Will definitely take advantage!!!

On a separate note, I see you're from Metro Manila. My family is from there (I'm first generation) and they invested in property in that area. Unfortunately it doesn't do me any good here but when we eventually sell, hoping to invest the funds here.  

Hello!!  I'm a new member interested in learning more about investing in Real estate as a long-term investment opportunity. I'm based in the suburbs of NYC and looking forward to connecting and learning from all of you!

I'm a new member and this is my first post so please go easy on me!  I'm interested in investing in my first LTR or MTR.  I have a full-time job in NYC and travel excessively for work so I will need a property manager.  My goal is geared towards long-term wealth and eventually reaching a point where I don't have to work as hard because I'll have passive income to offset some of the income I will lose when I "take my foot off the gas".  I am not interested in house hacking as my plan is more centered around Buying and Holding.

The idea is to start in one area, build my team and then purchase my first property.  Eventually, I hope to build my rental property portfolio in the area I choose.  Initial budget is small, up to 300K with 25% down for the first property. Looking for Class A/B areas.    I don't really care about making a profit off the monthly rent in the short-term (though it will be nice!), I just want to build equity and not "lose" money.  Right now, I can't even narrow it down by state, much less city!!!  Here are my options:

1) Georgia - my old company was headquartered in ATL so I know the area well and have friends in the surrounding areas. Hower, it seems really over saturated so not sure if I should still look there

2) NC -  I'm drawn to this state but am not as familiar with the cities.  Looked at the Wilmington area but open to any suggestions

3) NY - upstate, NYC or even far out in LI (mastic Beach?).  It's my home state but property and taxes are so expensive outside of the city and in NYC you're dealing with maintenance fees, boards etc. I just think my money will go further elsewhere

3) Maine - I'm drawn here because eventually I want a second home in this state but this is my heart talking, not my brain

My question is, how did you go about deciding where you to invest? What resources did you use? Who did you talk to initially?  Does anyone have feedback on any of the areas I listed above? Are there other areas I should consider?  I realize this is incredibly broad, so I apologize but I'm feeling a bit overwhelmed.  Once I narrow it down, I feel like I will move but right now I'm stuck. Thanks in advance for your help. Looking forward to learning from all of you.