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All Forum Posts by: Stella Jack

Stella Jack has started 3 posts and replied 16 times.

Starting Out

Post: Are There opportunities in Long Island, New York?

Stella JackPosted
  • Rockville Center, NY
  • Posts 16
  • Votes 2

What you said makes sense. Now I understand. You have put all I have been learning as a beginner into perspective. Thanks Mohammed.

0 Votes
New York City, New York
Starting Out

Post: Are There opportunities in Long Island, New York?

Stella JackPosted
  • Rockville Center, NY
  • Posts 16
  • Votes 2

Thanks Suzanne for letting me know. I also live in Nassau County. I hope I can make it.

0 Votes
New York City, New York
General Landlording & Rental Properties

Post: Tenants don't pay - My landlord journey may come to an end?

Stella JackPosted
  • Rockville Center, NY
  • Posts 16
  • Votes 2

This is such a great word of wisdom.

0 Votes
General Landlording & Rental Properties

Post: Tenants don't pay - My landlord journey may come to an end?

Stella JackPosted
  • Rockville Center, NY
  • Posts 16
  • Votes 2
Quote from @Joe Villeneuve:

Your solution is what you said you "definitely don't want to do".  Why?  You don't lose your equity if sell,...you just move it to a Market/State where it is more favorable to be a landlord.

REI is a business. Like any and every other business, if your clients (tenants in this case) don't pay their bills, you stop selling your product/service to them. If the product/service that is your business isn't making you money, you either get out of that business, change your market and/or product/service, or go bankrupt.

You have the same three choices here.  Thus far, your choice has been the 4th one...none of the above.


0 Votes
Starting Out

Post: Are There opportunities in Long Island, New York?

Stella JackPosted
  • Rockville Center, NY
  • Posts 16
  • Votes 2

I live in Nassau County, Long Island but feel that as a new investor, properties here are very expensive. I also don't see people mentioning Long Island as a good place to find deals.  I have been trying to joggle numbers using the 2% and 50% rules but they seem not profitable. I would appreciate any thoughts on investing in downstate New York as a whole especially for short and long term rentals.

0 Votes
New York City, New York
Buying & Selling Real Estate

Post: How to price a a dilapidated house?

Stella JackPosted
  • Rockville Center, NY
  • Posts 16
  • Votes 2

This is good to know because I am a new investor, looking to start.

0 Votes
Austin, Texas