I think something in that price range is attainable, but will be difficult, and will definitely have some issues / require work.

While those are actually attainable, with the high interest rate, the monthly payments put me in a negative cash flow position.

This will require extraordinary efforts to attain this big audacious goal.

Oh one thing to consider right now with he locks and other lines of credit maybe harder to attain as an investor.

I'm assuming the previous contract fell through based on what the WDO report found so financing couldn't be attained.

I am in this for the long haul and I understand that your network is one of the most important pieces to help attain any REI goals.Any who, I hope this finds you well.

Just wanted to caution you to confirm that is an attainable loan.

@Jack B.Hey Jack, it’s awesome you’re so willing to help others attain their goals.My question is about loans.

My end goal is monthly cashflow, the smaller homes are more attainable for me right now, but It would be a pretty big set back to buy a house and not be able to rent it out.

I also know that the lower prices to be found in NY have a lot to do with there being older buildings, higher property taxes, tougher neighborhoods, less appreciation, etc. which I know I will need to incorporate into deal analysis accordingly and understand the risk of.Summary: I feel that with having to put 20% down (FHA loan house-hacking is pretty much out of the question in NYC due to the astronomical prices here), buying a property in New York may be more attainable with my current savings and would allow me easier access to visit the property, however I don't think I could afford the quality of property I would like (close-ish to turnkey) in Florida.