Congrats on buying your first condo—that’s a big move, especially in a competitive market like NYC.

Could help you save some serious $$ if buying and selling there and can also get you access to their MLS systems.

buy house  find renter rent house maintain house pray they pay rent and dont destroy it.

well, anyone that types in "we buy houses" to sell a house, was obviously looking for a "we buy houses company" right?

After that, we are looking to buy maybe 1 or 2 more SFH this year. 

This works with any type of appreciating property such as real estate, stocks, etcDepending on the appreciation rate, you can potentially see asset values double every 7-14 years.Likely around 7 years if the appreciation rate is 8%Likely around 14 years if the appreciation rate is 4%If you buy something for $100,000 and it appreciates to $200,000, you can potentially take a loan on the $100,000 appreciation which would not be considered a taxable event.However, be mindful that you are paying interest on the loan and you have to payback the loan but yes, it would not add on to your taxable income.

I haven't seen prices drop too dramatically but I have seen homes in my buy box sitting on the market longer and some lowering prices. 

Find me something that's even a 7% cap rate and I'll buy it tomorrow!

Rents too. 5-10% more reduction and I will be buying here.

If she went to buy a house and applied for a mortgage, I think the lender would say the same thing aka you don't qualify until you get this removed from the credit report.