How hard is it to find a property to house hack in New York?

People do not sell houses or properties like they are a commodity.

You can buy an ugly house, fix it first or live in while you do the rehab.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

@Ray Guevaracan you house hack

Hello Everyone,In the next few months, I'll be in a unique position where I can potentially pay off my house.

I was told by the bank that I couldn't do a 1031 because it's a primary residence, and 1031 are only for investments.But I also don't want to sell and lose 20-30% on taxes (lived in the house for 2 years)What's the best route?

Rentals create cash flow, and that's what we want as real estate investors, but you need cash on hand for unforeseen circumstances.The AC needs to be replaced, that's $7K to $10K or more depending on the size of the house and if you have one rental, it will eat all your cash flow, same to replace a roof, etc, or if tenant trash the home, you need money to fix it again.To me personally a nice rental portfolio that is healthy consists about 10 units, so if you have an issue with a house the portfolio can cover the repairs and still healthy, but when starting you need to have cash on hand just in caseYes, there are multiple strategies you can use to hack your way to buy your first rental with minimum cash, but I would start wholesaling or fix and flip a few deals to create that cash as fast as possible

Hey Konstance welcome to BiggerPockets I'm fairly new as well if you ever are in need of some property maintenance services such as house washing, or driveway cleaning for your future investments I would love to connect with you. 

Hi Latif, I will be the first to say that I'm relatively new to this, but have spent the last 6 months deeply educating myself through local RE investing clubs, Fortune Builders, BP and other blogs and podcasts, and many books.Generally speaking, the only house I'd recommend paying down is the one you and your family intend to live in for the next 10-20 years.