All Forum Posts by: Gabriel Rodriguez

Thank you both, I will look into it. I have a small amount of cash and would like to see options, etc. and knowing the laws in NY, I want something that gives me a little advantage.

What is the best state that has laws that favors landlords? I am in NY and laws here, could (imo) break you. Any advice is appreciated it

Wow, thank you all for great answers.! I just have to take the time and go by and address each one of you. Thank you again!

Thank you @Ken Nyczaj I can definitely look at those areas. My question was based on the fact that certain places are starting to warm up such as the Midwest as well reading about some people in those areas being very successful. One thing I don't like about doing this in NY is that most NY laws are more tenant-friendly than landlord-friendly and that is a concern for me since I personally saw my grandmother trying to evict someone from her apartment and that process taking well over 2 years and thousands of dollars in legal expenses.

Hello All,

First of all, thank you for such wealth of information in this place. I wanted to know if any of you have invested in properties outside of your state? I am from NY and investing in properties here is very expensive. I currently have 1 single family house rented, but my ROI is low for such property ($250K House - $250/cash after paying P&I/taxes) so I am looking for your advice. I currently have 100K in the bank doing absolutely nothing and I want to get the best bang for my buck in terms of properties/investment.

I figured that if I am able to invest 100K outside my state, I would be able to buy several properties and put them to work for me compared to just buying one here in NY.  I am still new to this and learning as I go, but I have decided that this is what I want to do and would like to dedicate myself to this to be able to provide a better future for my family.

Thank you and looking forward to your answers!

Gabriel