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Updated about 4 years ago,
Lake house near staten island new york
Hi Everyone, I've been reading this forum, reading books, and listening to the podcasts for about a year now and this is my first post.
Situation: I'm a full time RN with a family. I own my primary residence, that I gut renovated and did almost all of the work myself. I have excellent credit (over 800) The only debt I have is a small student loan and my mortgage.
What I'm looking for: After tons of thinking, analyzing and saving, I'm ready to buy my first investment property. I am looking to purchase a small house or cabin on a lake somewhere within 3-4 hours of NYC. Closer is ok. The plan would be to furnish it and rent it out as a STVR, and have it for personal use as well. I would most likely use it for one week in the summer, and take some spontaneous trips when there is a vacancy, as I would like to maximize cash flow. I'd be happy to buy something that needs cosmetic work (New flooring, kitchen cabinets, appliances)