All Forum Posts by: Michael Cavitolo

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Thank you for this response! We want to go for a duplex but the price points aren’t there right now, if we go single family, do you think it’ll still be good? Obviously depending on the breakdown/numbers. Our goal was to househack. 

 Im in Staten Island as well, everything is so expensive, I'm having trouble figuring out which way I should go myself.. Duplex, Single family, condo or townhome.. 

Hello everyone!

Me and My Fiancé live in Staten Island, NY. We just got pre-approved for a house at $450,000 with a 5.25% interest rate and a 3.5% FHA loan, we're trying to get conventional.

For the longest time, I’ve been wanting to buy a duplex/triplex as my first property and house hack with the 3.5%-5% down to start our investment journey. The problem with that now is how expensive everything is in NY, and even if we find something in that price range, it needs A LOT of work. We’re considering New Jersey as well, but bad areas at that price point.

We also considered a cheap condo, or maybe townhouse. Or even a single family home. We’re kind of all over the place as you can see. Do we just wait it out? Our rent is only $1300 a month, so it’s not too bad, but we’re so sick of paying someone else’s mortgage. What is the best route to go to get started in an economy like this? Thank you so much!!!

@Steven Foster Wilson thats amazing Steven!! 

@Eric Janson that's great and really smart!! 

@Travis Frenchak @Judy Parker Fiancé* lol! 

@Jordan Moorhead I’ve been thinking about it. But definitely won’t be doing it in NY, possibly FL or NC. I actually just moved back to NY from ATX, was there for 4 years. 

@Joseph Umberto FL or NC! 

@Jeremy Komer WOW that’s some serious stuff!! Awesome!