All Forum Posts by: Samantha G.

Thank you for the input...can you elaborate a little on investing virtually? The reason I was really trying to keep it around my home base would be the convenience of being able to shoot over there if I needed to check up on things/not have the tenant feel they can do whatever because the owner isn't around. I hear talk about other cities around the country, but I am weary to be far away, and not know the city like I know my home city. How do you advise to find investments non locally and be completely sure it would pay off? How do you have a feeling of control being that far away? Do you use management company? Id try not to so I can maximize profits. Any insight on where/how? Thanks!

Im in my early 30’s, no kids, single, and live in a sublet in NYC while working in NYC trying to save money. Ive been very intent on investing in properties on Long island WHERE i am from, to rent Long Term. I do know that property tax is high so im looking for taxes under 7k, and small properties around 200k. Is it possible for someone like me with enough down payment for one 200k home, and an income of about 40-60k(fluctuates)to be able to eventually buy a few homes (3-6) to use that rental income as my retirement in another 15 years? I feel I do not know how to properly plan. I hear stories of people buying 3 homes a matter of a couple years with median incomes, and im wondering how that is possible.  Is there any type of person that I should hire that could help me plan my RE retirement? Or any tips fellow long islanders have on how to accumulate homes the best way on my salary?