All Forum Posts by: Jared Leggett

I know that moving away from home isn't what anyone really wants to do but in your situation it would absolutely change your life, financially (and for the better) if you left.

Again, I don't know your situation but I can tell you that a sanitation worker in a small town in Kansas (town of about 12,000 people) makes more money than you do living in NYC. The cost of living is probably 1/10 that if NYC too. I'm not saying you need to move to small town America but I wanted to give you a comparison.

The only way I can see you staying in NYC and looking to invest in real estate is to find a way to make more money. Learn a valuable skill set that will allow you to make more money, therefore have more financial flexibility. This will cost time and money and can be just as difficult as moving away from home.

If you want to make it you'll need to do some hard things and make some hard decisions. It's up to you to decide what "Hard" you are going to choose.

yes I definitely see that I'm going to have to make some difficult decisions, just not sure what I'm willing to sacrifice. There are so many different routes to real estate that I can take but I cannot tell which would be the best for me. Thank you for the insight Corey, definitely gave me some things to think about!

0 Votes

New York City, New York

Quote from @Julia Lyrberg:

You're off to a great start! With your residency limits, maybe check out more affordable spots in Orange, Rockland, or Westchester counties. Smaller multi-families like duplexes could make house hacking more doable. If that's still a stretch, BRRRR properties in places like Rochester could be a solid backup plan. Keep learning and stay open to different strategies — you're already ahead of the game!

Thank you so much Julia! I will keep my eyes open on those counties to see if I can find anything more affordable. But just like you said I think a BRRRR out in Rochester seems very doable so the bulk of my research will definitely be focused there. Thanks again.

0 Votes

New York City, New York

Quote from @Bruce Woodruff:

If you are limited to those areas for residency, and you choose to keep that job, you are going to have to either a) wait for a couple years and save up a heftier down-payment, b) change your strategy like you said and go for houses further away (do flips, STR or BRRR).

Or, if you are sold on the house-hack concept, at some point you might have to look at a different job that allows you to move where house-hacking will work....

yes 100 percent. Ive already started looking further out to do BRRR/Flips as this is one of those jobs I cannot really afford to lose, having it will help me a lot in the long run. Thank you Bruce!

1 Vote

New York City, New York

Quote from @Nicholas L.:

@Jared Leggett

i know this isn't the answer you want but here goes - save up enough until you can house hack where you live

Yeah definitely one of the easier routes I can take :/ Thank you!

0 Votes

New York City, New York

Quote from @Preston Garcia:

Hey, if you ever want to know more about the market over here in Rochester, feel free to reach out!🤙🏽

Will do, Thank you!

0 Votes

New York City, New York

Quote from @Matthew Paul:

Move out of New York would be my first thought . NYC is an expensive market .

haha easier said than done but I feel you!!

0 Votes

New York City, New York

Good evening everyone this is going to be a little long so I hope I am not a bother! I've decided to take the first few steps in my real estate journey but have already run into a bit of a dilemma. I have some solutions in mind but also want to see what the pros may have to say!! I'm super interested in purchasing my first house hack before July of 2025. I just recently got hired for DSNY (New York city department of sanitation) my base pay is 43,000 with alot of overtime opportunities so I do not see myself making any less than 60,000 for my first year. I am 22 Y/O with no bills aside from my car note/car insurance and my EZ pass tolls. I most definetely do not have the funds to hop into real estate just yet which is why I set the goal of July. I've been educating myself daily on the forums. Listening to podcasts and reading quite a few books. Now where my dilemma comes in. Working for DSNY we have residency limitations. We can only reside within the five boroughs, Suffolk county,Nassau county, westchester county, Orange County, Putnam county, Rockland county and pretty much any other county that is directly outside the five boroughs within NY. I've done some research on majority of these places and maybe I'm wrong, but the median price points of homes here just seem way to high and unrealistic. I started looking a bit into Rochester which has a way lower price point for multi families and single families but obviously I would be unable to house hack as it is 5 hours away from NYC which I will not be commuting lol. What do you guys think I should do. Am I overlooking more affordable markets that are close by that I CAN house hack in? Should I re evaluate what strategy I should use and maybe look further out in places such as Rochester and BRRR properties out there

3 Votes

New York City, New York

All Forum Posts by: Jared Leggett

Jared Leggett has started 2 posts and replied 17 times.

Post: A bit of a Dilemma

Post: A bit of a Dilemma

Post: A bit of a Dilemma

Post: A bit of a Dilemma

Post: A bit of a Dilemma

Post: A bit of a Dilemma

Post: A bit of a Dilemma