All Forum Posts by: Marielva Estevez

Thanks @Luke Rorech! Will do!

Hey BP Fam! Coming up on a year that I made my first multi family purchase. Currently house hacking but was thinking about investing in a short term rental property next in The Poconos or Catskills. I have been reading (and witnessing) that there is a lot more domestic travel during this time and I live in New York so both locations are a close weekend getaway that during more normal times people love to take for hiking, skiing etc... 

Are there any folks who currently have short term rental in The Poconos or Catskills? Are you still finding renters?

Also open to any advice more experienced investors may have to lend!

Thanks!

Hi BP Fam! I recently purchased my first multifamily home in Jamaica Queens in which I am house hacking! I have read and heard from various podcast on the importance of an accountant who is real estate investing savvy. Does anyone in the New York City area have anyone they can recommend? It's my first year as a homeowner getting my taxes done and I want to make sure I have the right people behind me.

@Melissa Nash Simply put! Thanks for sharing your experience!

@Ramon Flores Thanks for shedding light on that perspective. I do think it is important that I educate myself more with the tax benefits of owning a home especially here in NY. 

@Chris Grenzig Would love to connect with you further! I am also a brooklynite although residing in Queens now. You bring up a valid point, and I think it may be best to re-evaluate the numbers. 

@Anthony Thompson My parents would be watching over the property plus my father is a contractor so I know it would be in great hands. I have never actually thought of it that way but you are absolutely correct it would be the same as investing in stocks while renting. Freeing up the money we spend on rent to further invest in additional properties was actually the reason why we considered buying a home in NY first. The market in NY is very expensive and short sales have become the only way we think we would be able to do so in this city but are unsure how feasible that would be for beginning investors like us. Thanks for the tip! You gave me something to think about.

@Theresa Harris My parents have definitely offered and the plus side is my father is a contractor. Thanks for the tip!

@Jean Joseph Great to hear that is it working out for you! Something to consider for sure. 

Hello Bigger Pockets community! I am a newbie investor (or at least trying to be). My boyfriend and I live in NY and well you can imagine how expensive it can be to purchase a home here so we are currently renting. We have enough money saved for a down payment and are able to utilize both a FHA loan (as this would be our first purchase) or a VA loan. We are looking for a multi family home where we are able to house hack and no longer have to pay rent. However with such an expensive market in our city we are finding it hard to find a home where the numbers make sense. My parents are working on their second home in Providence, RI and have suggested we purchase a home there. While I have found several homes in Providence that would cash flow nicely I am unsure if we should be making an investment while we are still paying rent. Has anyone done something similar or perhaps have any advice on what route we should take?