Hi friends!
I’m just reaching out to see if what I’m attempting is even doable. Im 28 years old I’m a registered nurse who recently married a small business owner! (Very impacted by COVID on the brink of going under as he works 80 hours a week and barely takes home anything) We rent an apartment for 2,000 a month and have to intentions on buying a house on Long Island since everything is over valued at the moment and it would be just putting us in a pit. Im in school as well as working full time but I’ll be honest— living in New York is so expensive and between student loans and not being able to do overtime while in school i realized I don't want to spend my life putting hours in the hospital just to get by. I’ve been doing so much research into real estate investment. We have about 70,000 saved between the two of us and 65,000$ in student loans at 2.7% which i pay about 1,100 a month for.
Is it silly to try and attempt to buy a property to start out this adventure? What loans do you guys recommend if so? Is long term or short term a better jump off point? Thank you guys so much for any and all input.
