All Forum Posts by: Kevin Walsh

Hi!

I own 25 rentals in the area. Feel free to reach out or there is a local meetup that meets 2nd wednesday of each month 6pm at mahoneys. Next one is 10/9. 

 2nd wed of each month 6pm at mahoneys in poughkeepsie for dutchess county group but ppl invest all over

it's great. lot of people still want to be within commuting distance of the city. hospitals, colleges, etc too so its great.

Hey Noah!

I was in a similar situation as you. My first advice is don't quit your job unless you absolutely hate it. You're in a great field and you can save a ton of money by working and living at home. You can then use this money you save for a down payment on a multi-family home. Fannie Mae just introduced a new 5% down payment for multifamily homes which I think is a great opportunity.

I'm originally from Beacon and I invest in Poughkeepsie. I currently live in NYC attending business school. I own flips and do rentals all in the Poughkeepsie area.

You're on the right track just keep educating yourself and when it's time to pull the trigger on your first deal you'll be ready.

Any other questions feel free to PM me.

Kevin

there's a reia that meets 2nd wednesday of each month 6pm at mahoneys where you can connect in person. i own rentals in poughkeepsie and kingston. feel free to reach out with any questions

 yes but i dont know of any students that live in that development. it might be better as a ltr at 1500-1600 a month each unit

I own a three family a few houses down. Taxes are cheap in area which is nice. Might be able to rent to college kids or nurses for 700-800 per room although it isnt a desirable area. Ltr wise you could probably get 2-2.2k. Maybe a little more if you’re patient. Houses closer to vassar and marist get almost 900-1000 per room utilities included. 

 2-4 families i have 6 buildings

 town of poughkeepsie, lagrange, fishkill, beacon

little high imo especially if you mean the city of poughkeepsie. you may be able to get those prices if they are newly renovated and you wait a while for qualified applicants. i'd knock off 100-200 on each