All Forum Posts by: Alex Kantor
Alex Kantor has started 1 posts and replied 2 times.
Post: Medical Student Investors Discussion
- Long Island, NY
- Posts 2
- Votes 6
Hey @Alexander Ignatenko! Entering 1st year here. I've also been thinking of ways that medical students can: speed up loan pay down/achieve cash flow during school and provide affordable housing solutions to healthcare students. So many schools both MD/DO & PA do not provide housing for their students, leaving them further in debt. I think the one fear that many people have about medical students becoming active investors is how can you perform landlord duties (handling repairs etc.) while on a rotation, or studying for an exam. It's a challenge, but with the right systems in place, I think it can be doable. Being able to start the real estate investment journey and give back to other students is something I'm looking forward to working on as a medical student.
Post: New REI looking to house hack vs. out of state invest
- Long Island, NY
- Posts 2
- Votes 6
Hi BP community! I'm looking to start out as a REI on long island. I've been reading many books, attending weekly webinars on BP and LIREIA, and browsing the forums the past few months but this is my first post. My girlfriend and I were originally looking to house hack on long island so we can move in together as well as generate extra income, but with prices as high as they are, a lot of the ROI's I have calculated are either very low or negative percentages. One idea we've had is buying a SFH on long island that could potentially be a long term rental when we move out, as well as invest into a multifamily property in Connecticut that provides a higher ROI as well as generate cash flow while we are still living on the island. The caveat is that I will be attending medical school in 2022 and I'm not sure where I will be, so we would want to live in a house that calculates as a good ROI in case we can no longer live there while I go to school and decide to rent it instead of sell. Our goal is to purchase our first property by new years and then purchase our Connecticut multifamily property a few months after that.
Has anyone thought of a similar strategy/ have any thoughts?
Looking forward to getting to know everyone and thank you for your time.
Alex