Long Island Real Estate Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Advice/Guided needed for Young REI
Hi, I am a junior in college looking for advice/guidance on how to purchase a home. I am looking to purchase during 2023-24 because that is when I'm hoping to start medical school. I'd rather put a down payment on a SFH and rent out the house than pay rent. I have 10k saved up and should have about 30k when I plan to purchase a home. Also during the mean time, I am planning on building my credit so that I have a great credit score. Is there anything now I should do in the mean time? Is this idea too risky due to the high property taxes in Nassau County and Suffolk County? I am very open and receptive to advice and would love to hear the experiences/stories anyone has in this realm. Thank you