All Forum Posts by: Zachary Kessler

Not necessarily i could do the 20% down for the right place, but less than 20% would be nice, I’ve been saving for this situation. I know that i could buy my next multi family property as a primary residence close by move in, rent half live in the other and than rent where i am now which would cash flow upwards of 1k monthly, or i could buy another multi as strictly an investment property out of state which would be a lot cheaper (taxes and cost of property) and a lot more landlord friendly laws than New York, i guess i’m just undecided on which route i want to take and I’m trying to weigh the pros and cons of each scenario. I have been living where i am now since 2022 I don’t want to ever sell it because its in a good location and it has potential to be a great rental investment i just don’t want to lose my interest rate by leaving and renting it out i have heard that your mortgage can be called due by doing that. Not sure if that’s true or not. 

Hello all I'm currently hacking my house that has an ADU dwelling that generates income, I bought this property intending to leave and rent the house that I currently reside in (2 bed 1 bath) I currently have a very good interest rate locked in here from 2022 that I don't want to lose or have my mortgage called due from leaving here, I live here for very cheap with the income from the ADU. I'm getting ready to make my next move in 2025 and I'm contemplating on staying here and buying a multi family property as an investment out of state (only an hour away) which would be a lot less capital and have a lot more land lord friendly laws or buy another multifamily as a primary residence locally and hack that property I'm single and live alone. What are the pros and cons of each situation?

Absolutely not. Hire a licensed and insured electrician there are codes that are in place to protect people and property it is a safety risk that you should not cut corners to save a few dollars on.

Gotcha, appreciate the insight. I actually live in New York State myself. Scranton area seems to be a lot more landlord friendly than New York is, and the numbers seem better as well, Section 8 seems appealing for the guaranteed income but I will definitely take that information under consideration as I’m looking to invest in the area. 

So you haven’t had much success with section 8 in the area? Is it not profitable? Are you having issues with tenants paying the remaining 30% of rents due?

Anyone have any experience with section 8 vouchers in the Wilkes Barre Scranton area?

Hey my name is Zach I"m 29 years old and new to the page i bought my first multifamily at 28 and have been listening to the podcasts for a little while now I'm looking to network with people in the upstate new york/new jersey area, i currently own one rental property and looking to expand my portfolio in the area with short term rentals and long term investments. I am still working full time as an electrician but ultimately looking for that financial freedom we all are after.