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All Forum Posts by: Matthew Weirath

Matthew Weirath has started 4 posts and replied 4 times.

Post: What neighborhoods should I look into?

Matthew WeirathPosted
  • Posts 4
  • Votes 3

Hey everyone. I'm currently prepping my 4B/2b house to be a student rental for Skidmore students and looking for a new place by August. Since my girlfriend started a new job down in Latham, we're trying to find a multifamily around that area. I was looking into Troy/Albany/Cohoes but was wondering what neighborhoods / streets would be considered the safer working class areas. Thanks in advance!

Post: Funding first rental

Matthew WeirathPosted
  • Posts 4
  • Votes 3

Ok, I'm really looking for advice and curious to see what others would do in my situation. I currently own my primary residence and have about 60k in equity. Another 74k in index funds and 10k cash. I've been trying to figure out what the best way for me to get my next property should be considering that I don't want to move into it. I have access to a VA loan but I like where I'm at now and don't want to do another move right now. I've considered taking out the equity in my house, taking a loan against my investment acount or just saving up for another year to have the cash on hand. I'm curious what you all think though. Thank you in advance.

Post: Best places to invest!

Matthew WeirathPosted
  • Posts 4
  • Votes 3

Hey everyone I'm trying to do an informal poll. Let me know what you think is the best market to invest in right now and why. I'm curious what the collective thinks. 

Post: New to all of this

Matthew WeirathPosted
  • Posts 4
  • Votes 3

Hey everyone! I'm pretty new to all of this so I figured I'd put my situation out there and see what others think. I have a house with about $40,000 in equity, I have $6000 left on a credit card that I'm paying off. I used my VA loan for the house and have considered getting another once I can move into another place. I have money in investment accounts but I keep about 7 to 10 thousand in liquid cash so not a ton saved up for a conventional down payment. I'd like to move into multi family rentals and I'm curious what others would do for their next step. Any advice would be greatly appreciated!