All Forum Posts by: Jesiah Martinez

Hello, I'm looking to invest in a short term rental property in upstate New York (Saugerties and areas around the Catskills are what I've been looking at). I'm looking to connect with someone that has experience selling properties in these areas, and more specifically, someone that has either worked with or been a short term rental investor as opposed to only having experience as a primary home owner. I'm aware that some areas (such as Kingston) are a bit stricter when it comes to STR permits, and would like to learn more about areas where I won't have too much of an issue executing this strategy. Thank you, and I look forward to connecting!

Hey everyone! I'm currently 26 years old and looking to get started on my real estate investing journey and would ideally like to purchase a multi-family home in Queens, NY. Preferably, in Astoria - but it's pretty pricey ($1M and up) and it would likely mean that I'll have to do an FHA loan. I have lived in Astoria as a renter for the past two years, so I have a pretty good connection with the area as well as familiarity.

My plan would be to live in one unit, and rent out the others. I currently make 105k and have 40k in cash. I'm wondering if this is a bit too aggressive, and if I should either look in another area that is cheaper, or focus on switching gears and purchasing a condo instead - where I can still rent out any of the rooms that I'm not using. 

I appreciate any insights/advice!