All Forum Posts by: Raquel Knoell

@Josh Feldman Hey Josh,

Looking to do the same at Bing and think it's a great investment. My only concern is property management from LI where we live as well. Have you considered that and come up with any solutions? Would love to hear your thought.

@Stephanie Jacobson thank you so much for all the information, I greatly appreciate it. I'd love to have a cal one day next week

Hello Bigger Pockets!

I have been super inspired by you all and am considering my first investment property in Binghamton.

Background-I am a licensed real estate agent on along Island. About 15 years ago (before being an agent)my husband and I took my father in laws low rental property by St. John's University and rented it to college students for 5x the rent.

We have 4 kids, a few businesses and our oldest in his 2nd year at Bing.

Been reading the BRRR book and really thinking of trying it. Our thought is to work this year to learn the market up there, gather some great contacts and buy a distressed property. We would take a loan out on our house or refinance (although we did do that about 7 years ago).

If we were to buy a property and have it ready by next fall, my son and his roommates could live there his JR and SR year and hopefully develop a following for future student rentals.

My questions are since we live 3.5 hours away, who would handle issues like initial renovation, snow removal, maintenance and any issues that arise? Since I am an agent and know the rental laws in NY have just changed, I am not sure if we can market to students only. I am also wondering if it's a good idea to use my own property that I live in to finance the deal.

Any thoughts, advice or comments are greatly appreciated!

If I can assist anyone with questions on the Long Island Market, please don't hesitate to ask, I'm always happy to help!

Raquel

Hello! I am a real estate agent in Long Island and am researching investing in Cape Cod. My husband and I would be interested in doing Airbnb rentals and using the property also for our family. Does anyone have any experience with investments in the Cape? If anyone has any questions about real estate in Long Island, I'm always happy to help! Thanks in advance!

Raquel Knoell