All Forum Posts by: Anne Cantwell

Eric James, excellent advice, I would definitely do so. (Btw, also auto corrected your name earlier, sorry about that).

Bjorn Ahlblad, how funny! Small world... we are off the beaten track, more in the mountains. I'm blessed to live with my parents, which is allowing us to save in this area- and get childcare help! Are you Scandinavian? Your name sounds like it. My husband grew up there.

Perhaps I've been getting too excited by Zillow. I've seen rental estimates on SFHs there that looked comparable to duplexes. We would probably get professional help for management anyways. I've been considering looking into Mylandlordhelper.com to see if it might be a good support as opposed to a full management company.

wow, not woe. My autocorrect has a sense of humor...

woe, Michael P., I didn't realise Roofstocl served that area at all. Thank you. We also could look at other areas, I suppose.

Eric Names, I've seen some higher, but many foreclosures at that price. Some are big fixer uppers, id guess, but others don't appear to be. Of course, id be careful to make sure.

I just have a Zillow search on the area, specifically Henrietta zip code

I absolutely agree, Thomas, that I need to do more research, and that would be a poor return. I had actually meant 2000 or so for rent (from what I'd seen) minus 1000 for expenses. But I'd want to really make sure it was worth my while for a particular situation, for sure. I did a bit of reading on REITs, so thanks for the suggestion. Would you suggest any other tactics that involve buying but not completely in cash? I'm not sure I've learned/networked enough for the BRRR strategy.

I'm a bit torn because I've gotten a couple replies like Thomas's, and I would definitely consider some non risky financing. 

As for my loans, I should supposedly qualify for public service loan forgiveness, so im nor sure id want to pay it all off, though I see what you mean

Thanks for the reply, Derek. Have you found your investment worth the strategy, or too conservative? I've followed the suburban area I've been looking at and seen several SFRs around 80-100k that lost their rental estimate at around 2000. I figured id get around 1000 minus expenses with no mortgage, but i would of course do more specific research.

Thank you, Thomas. Guess I should read up on REITs or income funds. I had thought of looking for a duplex as well, but perhaps that has the same issues as SFRs... basically, my thought was to save all the cash flow and channel it back into more properties. But I'll consider what you said, thanks.

Hello all!

I'm writing to introduce myself. My husband and I live in California, but are looking to invest in our first property within the next year in the Rochester area (specifically a nice suburb like Pittsburg or Henrietta, as my husband attended RIT). We plan to buy and hold. I am trying to soak up as much knowledge as possible through reading and listening to rental income podcasts. If you have any tips, Id like to say thank you in advance so much for any advice you'd be willing to share.

I am a teacher who has saved 45,000 in my first couple years of teaching. We are looking to buy a SFR in cash when I've saved about 100k. I'm somewhat risk averse (my philosophy is kind of slow and steady saving, and seize the best cash flow opportunity with a cash purchase). Since we are living with my parents, we have an amazing opportunity to save for a few years. After we've saved for a couple SFRs, we may leverage, but we're less comfortable with anything too risky.

 We are just a low wage family with a new baby and plenty of student debt, but I'm eager to approach real estate in the best way to provide us with more financial freedom and opportunity. 

Looking forward to hearing from some investors on here!

Annie