10/7/2019Aaron – thanks for the post….the price range and location sound realistic …good to se that you down payment is ample to avoid the mortgage insurance need and to keep the loan in conforming range ….I would think you could get a bit more than 1K per room depending on the location/ type of property / room size etc … even if the purchase pencils out slightly worse than the renting scenario , its worse considering as a step towards getting a property under your belt …ideas 1) buying a 2 or 3 plex at a higher price point but this would allow higher rental income 2) buy the property as a total investment property and rent for a larger amount per month …your down payment would allow this wo work ..thanks

It requires hard work to stand out among the crowd, but it is definitely attainable. 

Fact is, home ownership is rapidly stepping away from attainment by most.

The big driver now is the attainable (affordable) housing.

These payoffs will be much, much easier to attain if your original private loan is done properly. 

For example, if I now wanted to purchase a property for 300k, can I use the 100k in benefits I have left to attain a loan and then put a down payment on the difference?

That is one reason why I am writing this post.I would like some guidance on how and where in New York I would be able to find the resources that are needed to acquire this property in terms of loans, maintenance, and attaining reliable tenants.

I have now realized that my dreams of owning my own company and investing in my future is attainable with the correct tools and plan.

I have a successful career as a residential real estate broker in Denver and am looking to get into real estate investment to attain my long-term financial goals for my family! 

I once had a co-op in NY, that was managed from a distance as demand was very high, and complex took care of all regular issues; it had other problems though, such as board that decided to limit renting...Factor like supply of potential tenants, average rents one can collect and the ability of tenants in that area to pay are what should drive that desired location.I was always thinking that a nice college town will always have ample demand for rental units, but have no backing data.I will much appreciate that type of advice: what cities should I put at the top of my list for starting to dig.Kindly,Al