How to Start Investing In Real Estate at a Young AgeNew Investor Strategy: How to Buy Your First Multi-Family Investment Property & Live Rent FreeHope that helps!

Excluding taxes and repairs, I should be able to live rent free with that plan (I just have to find a deal in which the numbers add up).I live in Astoria—I've been renting here for nearly two years.

I'm a transplant to Texas from California (and before that Hawaii and before that Pennsylvania).

It breaks down like this:PITI = 1975 (1350 mortgage, 550 property tax, 75 insurance)Deductions = 1500 (870 mort interest, 550 Prop Tax, 75 Insurance)= 500 calculated as profit 1500x.33Mortgage Principle Paydown = 480Total Cost = 500 + 480 (profit) = 980 -1975 (Cost) = ~1000/mo cost to liveRent current house scenario:Moving to the Palo Alto area will, of course, cost more money.

You are playing with fire allowing them to live rent-free.

That is a reason no one can get a mortgage now for all the dishonest home owners thinking they can live rent free.

As a fellow Floridian (we're all transplants to some degree lol), the best advice I could give you is to watch out for the Florida market. 

My name is Ruth Jones and I am a transplant from the United Kingdom - I think I have just about got my head around how differently things are done here!

Hey y'all, I'm a new investor and recent transplant to St Louis.

I was born and raised here tooSo my fear is that we might lose a lot of our wealthiest people and cycle back to the 80s.Right now it’s like it was back in the 90s which wasn’t bad yet transplants arent used to this. a lot of my neighbors are moving for different reasons: the peak of the corona virus was horrifying — ambulances 24/7, like a war zone. — they want to move before second wave in fall 2.