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Updated 10 months ago on . Most recent reply

User Stats

6
Posts
2
Votes
Long Bui
  • Investor
  • Wappingers Falls
2
Votes |
6
Posts

Looking for a start of my journey.

Long Bui
  • Investor
  • Wappingers Falls
Posted

I have been living in Hudson Valley for about 10 years and ready to press the start button for my first house/ duplex/ triplex… to eventually turn it into a fully rental property. I would very please to learn from all of the experts in here about which area is good for a potential investment property with low risks. Many thanks to all investors here for your input, time and effort. 

  • Long Bui
  • Most Popular Reply

    User Stats

    31
    Posts
    24
    Votes
    Caitlin Logue
    • Denver, CO
    24
    Votes |
    31
    Posts
    Caitlin Logue
    • Denver, CO
    Replied

    Awesome you are getting into real estate! YAY! 

    Definitely consider a property in your area if it's your first one. HOWEVER! Demographics are really important when considering a house to buy. Ideally, you want a stable and/or growing population and low unemployment. Also have an understanding of housing demand versus supply for houses and apartment rents (I wish I considered those factors when buying my first home).

    Also, make sure you understand debt financing and you spending time modeling out your costs. 

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