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All Forum Posts by: Erica M.

Erica M. has started 7 posts and replied 31 times.

Post: dawn from Hudson Valley NY

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

@Dawn Vacek  I know this is late but we recently just bought a multi family in Newburgh. We're now looking for a single family at the right price. I'd love to pick your brain!  

Post: Anyone investing in hudson valley, NY area?

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

thanks!

Post: Recommendations for real-estate investing books

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

thanks @Ben Andrews!

Post: Hudson Valley / Connecticut areas to invest

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

hi. I know this is late. We just bought a 2 family in the city of newburgh. If you have any questions you can ask...although maybe you found a house by now!  We were looking at houses for a while, mostly in Orange county. Prices tend to be high especially for nice multis. Don't be scared of the city of newburgh. It may be on the upswing. Taxes are high so that is something to consider. Our goal was to find a well priced house, and it ended up being in a nice area in the city, near the water. So we went for it. Good luck. 

Post: Anyone investing in hudson valley, NY area?

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

Hi. Anyone investing in the hudson valley NY area?  Just looking to make contacts/connections. Thanks. 

Post: Recommendations for real-estate investing books

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

yes, multi families but maybe a single family or two if priced right. Thanks!  I didn't think of podcasts. 

Post: Recommendations for real-estate investing books

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

Hi. What is the one book you guys recommend I read that is a guide for growing wealth through real estate, specifically rental properties?  We recently bought our first multi-family. I'm curious to read about strategies for investing and purchasing future properties. I don't want to over-do it...I just want to keep investing in the smartest way possible. So some tips and tricks from a reputable text would be helpful. Thanks!!!

Post: Reinvesting rental income in stock market

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

yes I've thought about that too. I wanted to throw money at the principal of course but also thought about putting some in the market to off-set interest on the loan. 

Post: Reinvesting rental income in stock market

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1

yes I prefer real estate too. I'm just eager to make more money to buy more!  

Post: Reinvesting rental income in stock market

Erica M.Posted
  • Investor
  • newburgh, NY
  • Posts 31
  • Votes 1
Originally posted by @Jane A.:
Erica M. As I understand the question - it is about how to invest outside Realestate after you have enough cash for emergency fund, it is not about parking emergency fund at the stock market, right? I am thinking about this as well and my choice is hight tech stocks or bio technology.

 Yes. I'm talking about money beyond emergency funds. I know things will go wrong with the house. But rather than having it all sit in a checking account with .00001 interest, I could take some of the income and grow it. I've also been researching index funds and dividend paying stocks with well established companies, like GE.