New York Real Estate Models
Check out how New York does for these scenarios.
5% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
Net Worth at 40 Years
- Albany = $5.97M
- Buffalo = $10.57M
- New York = $85.47M
- Rochester = $20.54M
- Syracuse = $13.15M
- Yonkers = $2.41M
Month First Achieved Financial Independence
- Albany = 44.25 Years (531 Months)
- Buffalo = 29.50 Years (354 Months)
- New York = 10.75 Years (129 Months)
- Rochester = 11.00 Years (132 Months)
- Syracuse = 21.00 Years (252 Months)
- Yonkers = 0.00 Years (0 Months)
5% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
Net Worth at 40 Years
- Albany = $7.88M
- Buffalo = $14.24M
- New York = $100.56M
- Rochester = $24.02M
- Syracuse = $15.43M
- Yonkers = $2.74M
Month First Achieved Financial Independence
- Albany = 37.25 Years (447 Months)
- Buffalo = 22.00 Years (264 Months)
- New York = 9.75 Years (117 Months)
- Rochester = 9.08 Years (109 Months)
- Syracuse = 16.08 Years (193 Months)
- Yonkers = 0.00 Years (0 Months)
10% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
Net Worth at 40 Years
- Albany = $5.27M
- Buffalo = $8.98M
- New York = $81.89M
- Rochester = $20.94M
- Syracuse = $12.59M
- Yonkers = $2.12M
Month First Achieved Financial Independence
- Albany = 44.00 Years (528 Months)
- Buffalo = 32.17 Years (386 Months)
- New York = 11.00 Years (132 Months)
- Rochester = 11.08 Years (133 Months)
- Syracuse = 22.00 Years (264 Months)
- Yonkers = 96.17 Years (1154 Months)
Nomad to Short-Term Rentals with 75% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Albany = $27.76M
- Buffalo = $28.59M
- New York = $166.96M
- Rochester = $44.55M
- Syracuse = $29.14M
- Yonkers = $10.16M
Month First Achieved Financial Independence
- Albany = 11.00 Years (132 Months)
- Buffalo = 8.33 Years (100 Months)
- New York = 8.50 Years (102 Months)
- Rochester = 5.50 Years (66 Months)
- Syracuse = 7.42 Years (89 Months)
- Yonkers = 53.00 Years (636 Months)
.5 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Albany = $5.27M
- Buffalo = $8.98M
- New York = $81.89M
- Rochester = $20.94M
- Syracuse = $12.59M
- Yonkers = $2.12M
Month First Achieved Financial Independence
- Albany = 44.00 Years (528 Months)
- Buffalo = 32.17 Years (386 Months)
- New York = 11.00 Years (132 Months)
- Rochester = 11.08 Years (133 Months)
- Syracuse = 22.00 Years (264 Months)
- Yonkers = 96.17 Years (1154 Months)
Nomad to Short-Term Rentals with 50% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Albany = $20.87M
- Buffalo = $22.54M
- New York = $137.71M
- Rochester = $35.53M
- Syracuse = $22.85M
- Yonkers = $6.02M
Month First Achieved Financial Independence
- Albany = 16.92 Years (203 Months)
- Buffalo = 11.25 Years (135 Months)
- New York = 9.33 Years (112 Months)
- Rochester = 6.42 Years (77 Months)
- Syracuse = 9.25 Years (111 Months)
- Yonkers = 71.00 Years (852 Months)
10% More Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Albany = $9.54M
- Buffalo = $14.63M
- New York = $108.92M
- Rochester = $24.08M
- Syracuse = $16.21M
- Yonkers = $5.00M
Month First Achieved Financial Independence
- Albany = 38.00 Years (456 Months)
- Buffalo = 24.33 Years (292 Months)
- New York = 8.17 Years (98 Months)
- Rochester = 10.00 Years (120 Months)
- Syracuse = 19.00 Years (228 Months)
- Yonkers = 86.00 Years (1032 Months)
25% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
Net Worth at 40 Years
- Albany = $8.47M
- Buffalo = $11.90M
- New York = $87.79M
- Rochester = $22.20M
- Syracuse = $13.35M
- Yonkers = $2.72M
Month First Achieved Financial Independence
- Albany = 37.00 Years (444 Months)
- Buffalo = 25.00 Years (300 Months)
- New York = 12.00 Years (144 Months)
- Rochester = 9.08 Years (109 Months)
- Syracuse = 19.00 Years (228 Months)
- Yonkers = 0.00 Years (0 Months)
5% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
Net Worth at 40 Years
- Albany = $5.88M
- Buffalo = $10.45M
- New York = $89.14M
- Rochester = $21.19M
- Syracuse = $13.78M
- Yonkers = $2.33M
Month First Achieved Financial Independence
- Albany = 42.67 Years (512 Months)
- Buffalo = 29.17 Years (350 Months)
- New York = 10.83 Years (130 Months)
- Rochester = 10.33 Years (124 Months)
- Syracuse = 20.00 Years (240 Months)
- Yonkers = 0.00 Years (0 Months)
10% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
Net Worth at 40 Years
- Albany = $9.86M
- Buffalo = $15.58M
- New York = $103.06M
- Rochester = $23.90M
- Syracuse = $15.53M
- Yonkers = $3.25M
Month First Achieved Financial Independence
- Albany = 35.00 Years (420 Months)
- Buffalo = 19.25 Years (231 Months)
- New York = 9.58 Years (115 Months)
- Rochester = 9.00 Years (108 Months)
- Syracuse = 16.00 Years (192 Months)
- Yonkers = 0.00 Years (0 Months)
10% Less Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Albany = $4.11M
- Buffalo = $10.00M
- New York = $260.24K
- Rochester = $20.70M
- Syracuse = $13.09M
- Yonkers = $171.55K
Month First Achieved Financial Independence
- Albany = 46.00 Years (552 Months)
- Buffalo = 30.00 Years (360 Months)
- New York = 66.00 Years (792 Months)
- Rochester = 11.33 Years (136 Months)
- Syracuse = 20.00 Years (240 Months)
- Yonkers = 0.00 Years (0 Months)
Nomad™ and Sell ALL Rentals if SWR Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
Net Worth at 40 Years
- Albany = $6.09M
- Buffalo = $12.27M
- New York = $96.59M
- Rochester = $22.19M
- Syracuse = $14.34M
- Yonkers = $2.56M
Month First Achieved Financial Independence
- Albany = 39.50 Years (474 Months)
- Buffalo = 25.58 Years (307 Months)
- New York = 10.75 Years (129 Months)
- Rochester = 10.00 Years (120 Months)
- Syracuse = 18.58 Years (223 Months)
- Yonkers = 91.75 Years (1101 Months)
.25 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
Net Worth at 40 Years
- Albany = $7.24M
- Buffalo = $13.16M
- New York = $92.49M
- Rochester = $22.72M
- Syracuse = $14.60M
- Yonkers = $2.64M
Month First Achieved Financial Independence
- Albany = 39.00 Years (468 Months)
- Buffalo = 24.00 Years (288 Months)
- New York = 10.00 Years (120 Months)
- Rochester = 10.00 Years (120 Months)
- Syracuse = 18.00 Years (216 Months)
- Yonkers = 0.00 Years (0 Months)
10% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
Net Worth at 40 Years
- Albany = $9.51M
- Buffalo = $16.09M
- New York = $110.44M
- Rochester = $25.69M
- Syracuse = $16.59M
- Yonkers = $2.99M
Month First Achieved Financial Independence
- Albany = 34.83 Years (418 Months)
- Buffalo = 18.58 Years (223 Months)
- New York = 9.75 Years (117 Months)
- Rochester = 8.17 Years (98 Months)
- Syracuse = 14.17 Years (170 Months)
- Yonkers = 98.50 Years (1182 Months)
Nomad to Short-Term Rentals with 25% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Albany = $13.07M
- Buffalo = $16.91M
- New York = $107.57M
- Rochester = $26.82M
- Syracuse = $17.25M
- Yonkers = $3.72M
Month First Achieved Financial Independence
- Albany = 29.75 Years (357 Months)
- Buffalo = 17.00 Years (204 Months)
- New York = 10.17 Years (122 Months)
- Rochester = 8.25 Years (99 Months)
- Syracuse = 14.00 Years (168 Months)
- Yonkers = 94.58 Years (1135 Months)
Baseline Nomad™ Scenario
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
Net Worth at 40 Years
- Albany = $7.03M
- Buffalo = $12.27M
- New York = $96.59M
- Rochester = $22.19M
- Syracuse = $14.34M
- Yonkers = $2.56M
Month First Achieved Financial Independence
- Albany = 40.00 Years (480 Months)
- Buffalo = 25.58 Years (307 Months)
- New York = 10.75 Years (129 Months)
- Rochester = 10.00 Years (120 Months)
- Syracuse = 18.58 Years (223 Months)
- Yonkers = 0.00 Years (0 Months)
10% Property Manager While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
Net Worth at 40 Years
- Albany = $5.80M
- Buffalo = $9.42M
- New York = $77.67M
- Rochester = $18.57M
- Syracuse = $11.74M
- Yonkers = $2.51M
Month First Achieved Financial Independence
- Albany = 47.00 Years (564 Months)
- Buffalo = 32.17 Years (386 Months)
- New York = 12.08 Years (145 Months)
- Rochester = 12.33 Years (148 Months)
- Syracuse = 24.67 Years (296 Months)
- Yonkers = 0.00 Years (0 Months)
3% Property Price Discount While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
Net Worth at 40 Years
- Albany = $7.34M
- Buffalo = $13.51M
- New York = $95.65M
- Rochester = $22.31M
- Syracuse = $14.74M
- Yonkers = $2.73M
Month First Achieved Financial Independence
- Albany = 39.17 Years (470 Months)
- Buffalo = 23.00 Years (276 Months)
- New York = 10.00 Years (120 Months)
- Rochester = 9.42 Years (113 Months)
- Syracuse = 18.00 Years (216 Months)
- Yonkers = 0.00 Years (0 Months)
Nomad™ and Payoff OO if Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
Net Worth at 40 Years
- Albany = $6.61M
- Buffalo = $12.27M
- New York = $96.59M
- Rochester = $22.19M
- Syracuse = $14.34M
- Yonkers = $2.56M
Month First Achieved Financial Independence
- Albany = 36.42 Years (437 Months)
- Buffalo = 25.58 Years (307 Months)
- New York = 10.75 Years (129 Months)
- Rochester = 10.00 Years (120 Months)
- Syracuse = 18.58 Years (223 Months)
- Yonkers = 0.00 Years (0 Months)
Buy Non-Owner-Occupant All Cash As Renter
Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
Net Worth at 40 Years
- Albany = $5.11M
- Buffalo = $6.41M
- New York = $8.82M
- Rochester = $12.96M
- Syracuse = $8.01M
- Yonkers = $3.85M
Month First Achieved Financial Independence
- Albany = 39.00 Years (468 Months)
- Buffalo = 29.25 Years (351 Months)
- New York = 34.42 Years (413 Months)
- Rochester = 20.50 Years (246 Months)
- Syracuse = 25.75 Years (309 Months)
- Yonkers = 99.83 Years (1198 Months)
Buy Non-Owner-Occupant All Cash
Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
Net Worth at 40 Years
- Albany = $5.75M
- Buffalo = $7.68M
- New York = $44.90M
- Rochester = $15.77M
- Syracuse = $9.16M
- Yonkers = $2.77M
Month First Achieved Financial Independence
- Albany = 33.25 Years (399 Months)
- Buffalo = 26.50 Years (318 Months)
- New York = 17.83 Years (214 Months)
- Rochester = 15.58 Years (187 Months)
- Syracuse = 22.25 Years (267 Months)
- Yonkers = 98.00 Years (1176 Months)
Nomad™ Start with $0
Do the traditional Nomad™ strategy except you start with $0 saved up.
Net Worth at 40 Years
- Albany = $6.37M
- Buffalo = $11.69M
- New York = $77.23M
- Rochester = $21.13M
- Syracuse = $14.23M
- Yonkers = $2.32M
Month First Achieved Financial Independence
- Albany = 42.00 Years (504 Months)
- Buffalo = 26.58 Years (319 Months)
- New York = 14.42 Years (173 Months)
- Rochester = 11.00 Years (132 Months)
- Syracuse = 18.17 Years (218 Months)
- Yonkers = 0.00 Years (0 Months)
5% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
Net Worth at 40 Years
- Albany = $8.03M
- Buffalo = $14.33M
- New York = $99.19M
- Rochester = $22.55M
- Syracuse = $14.86M
- Yonkers = $2.86M
Month First Achieved Financial Independence
- Albany = 38.00 Years (456 Months)
- Buffalo = 22.00 Years (264 Months)
- New York = 9.67 Years (116 Months)
- Rochester = 9.08 Years (109 Months)
- Syracuse = 17.00 Years (204 Months)
- Yonkers = 0.00 Years (0 Months)
.5 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
Net Worth at 40 Years
- Albany = $7.88M
- Buffalo = $13.85M
- New York = $96.91M
- Rochester = $22.49M
- Syracuse = $14.83M
- Yonkers = $2.75M
Month First Achieved Financial Independence
- Albany = 38.00 Years (456 Months)
- Buffalo = 22.33 Years (268 Months)
- New York = 10.00 Years (120 Months)
- Rochester = 9.17 Years (110 Months)
- Syracuse = 17.25 Years (207 Months)
- Yonkers = 0.00 Years (0 Months)
3% Commission While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
Net Worth at 40 Years
- Albany = $7.28M
- Buffalo = $12.73M
- New York = $92.26M
- Rochester = $22.71M
- Syracuse = $14.71M
- Yonkers = $2.69M
Month First Achieved Financial Independence
- Albany = 39.08 Years (469 Months)
- Buffalo = 25.00 Years (300 Months)
- New York = 10.00 Years (120 Months)
- Rochester = 10.00 Years (120 Months)
- Syracuse = 18.00 Years (216 Months)
- Yonkers = 0.00 Years (0 Months)
Nomad™ and Sell SOME Rentals to Payoff Others if FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
Net Worth at 40 Years
- Albany = $6.80M
- Buffalo = $10.49M
- New York = $96.59M
- Rochester = $22.19M
- Syracuse = $12.79M
- Yonkers = $2.56M
Month First Achieved Financial Independence
- Albany = 34.58 Years (415 Months)
- Buffalo = 21.75 Years (261 Months)
- New York = 10.75 Years (129 Months)
- Rochester = 10.00 Years (120 Months)
- Syracuse = 15.83 Years (190 Months)
- Yonkers = 0.00 Years (0 Months)
20% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
Net Worth at 40 Years
- Albany = $7.99M
- Buffalo = $12.13M
- New York = $90.10M
- Rochester = $22.61M
- Syracuse = $13.59M
- Yonkers = $2.70M
Month First Achieved Financial Independence
- Albany = 39.00 Years (468 Months)
- Buffalo = 25.00 Years (300 Months)
- New York = 11.08 Years (133 Months)
- Rochester = 8.67 Years (104 Months)
- Syracuse = 19.00 Years (228 Months)
- Yonkers = 0.00 Years (0 Months)
.25 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Albany = $6.51M
- Buffalo = $11.58M
- New York = $93.18M
- Rochester = $21.70M
- Syracuse = $14.03M
- Yonkers = $2.48M
Month First Achieved Financial Independence
- Albany = 41.67 Years (500 Months)
- Buffalo = 27.00 Years (324 Months)
- New York = 10.75 Years (129 Months)
- Rochester = 10.08 Years (121 Months)
- Syracuse = 19.00 Years (228 Months)
- Yonkers = 0.00 Years (0 Months)
10% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
Net Worth at 40 Years
- Albany = $5.13M
- Buffalo = $8.91M
- New York = $80.06M
- Rochester = $18.69M
- Syracuse = $11.71M
- Yonkers = $2.28M
Month First Achieved Financial Independence
- Albany = 48.00 Years (576 Months)
- Buffalo = 33.00 Years (396 Months)
- New York = 11.75 Years (141 Months)
- Rochester = 12.17 Years (146 Months)
- Syracuse = 24.00 Years (288 Months)
- Yonkers = 0.00 Years (0 Months)
No Real Estate, Invest in Stocks
Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
Net Worth at 40 Years
- Albany = $3.91M
- Buffalo = $3.87M
- New York = $4.38M
- Rochester = $3.83M
- Syracuse = $3.82M
- Yonkers = $4.29M
Month First Achieved Financial Independence
- Albany = 48.83 Years (586 Months)
- Buffalo = 45.08 Years (541 Months)
- New York = 66.42 Years (797 Months)
- Rochester = 45.25 Years (543 Months)
- Syracuse = 45.33 Years (544 Months)
- Yonkers = 66.83 Years (802 Months)
Pay off mortgages early when Nomading™ with any excess cash.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
Net Worth at 40 Years
- Albany = $6.67M
- Buffalo = $10.43M
- New York = $95.68M
- Rochester = $18.00M
- Syracuse = $10.18M
- Yonkers = $2.56M
Month First Achieved Financial Independence
- Albany = 36.00 Years (432 Months)
- Buffalo = 22.00 Years (264 Months)
- New York = 10.75 Years (129 Months)
- Rochester = 11.00 Years (132 Months)
- Syracuse = 18.92 Years (227 Months)
- Yonkers = 0.00 Years (0 Months)
Pay off mortgages in full early when Nomading™.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
Net Worth at 40 Years
- Albany = $7.41M
- Buffalo = $11.67M
- New York = $95.65M
- Rochester = $21.84M
- Syracuse = $13.44M
- Yonkers = $2.56M
Month First Achieved Financial Independence
- Albany = 35.58 Years (427 Months)
- Buffalo = 21.00 Years (252 Months)
- New York = 10.75 Years (129 Months)
- Rochester = 9.17 Years (110 Months)
- Syracuse = 15.42 Years (185 Months)
- Yonkers = 0.00 Years (0 Months)
25% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Albany = $7.20M
- Buffalo = $11.72M
- New York = $4.38M
- Rochester = $23.63M
- Syracuse = $13.45M
- Yonkers = $2.85M
Month First Achieved Financial Independence
- Albany = 41.17 Years (494 Months)
- Buffalo = 25.92 Years (311 Months)
- New York = 66.42 Years (797 Months)
- Rochester = 11.00 Years (132 Months)
- Syracuse = 20.00 Years (240 Months)
- Yonkers = 0.00 Years (0 Months)
20% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Albany = $6.42M
- Buffalo = $11.72M
- New York = $4.38M
- Rochester = $24.51M
- Syracuse = $13.98M
- Yonkers = $2.64M
Month First Achieved Financial Independence
- Albany = 43.75 Years (525 Months)
- Buffalo = 26.25 Years (315 Months)
- New York = 66.42 Years (797 Months)
- Rochester = 10.00 Years (120 Months)
- Syracuse = 20.00 Years (240 Months)
- Yonkers = 0.00 Years (0 Months)
More Model Comparisons for New York
The following are the various scenarios we ran summarized with New York cities highlighted.
- Is it better to put 20% down or 25% down when buying rentals? - First, we buy an owner-occupant property with 5% down then we start buying rental properties. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down or 25% down when buying rentals when you don't buy an owner-occupant property first? - We start buying rental properties immediately... even before we buy an owner-occupant property. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 20% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy.
- When Nomading™ should you consider selling ALL your rentals if it means you'd be able to invest in stocks, bonds or something else and live off these investments using a Safe Withdrawal Rate instead of the cash flow from rentals? - You could acquire a portfolio of rentals utilizing the Nomad™ real estate investing strategy and wait for the cash flow to be great enough for you to be able to achieve financial independence from the cash flow. But, what about the equity in your properties? Would it be better for you to sell off all the rentals and take the net proceeds after all the expenses and invest that in something else. Then, live off these other investments using a Safe Withdrawal Rate?
- Is it better to put 25% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 25% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy. 25% down has a slighter better interest rate than 20% down.
- Is it better to buy 20% down rentals or invest in stocks? - See how buying 20% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to buy 25% down rentals or invest in stocks? - See how buying 25% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or invest in stocks? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy a single owner-occupant with 5% down then buy up to 9 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying just one owner-occupant with 5% down then buying up to 9 rentals all cash as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy up to 10 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying up to 10 rentals all cash as we model it across the US in over 300 cities.
- Is it better to buy rentals with 20% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 20% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to buy rentals with 25% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 25% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to pay off rentals when Nomading™ early with extra cash flow or only pay them off in full? - When you're Nomading™, should you pay off mortgages early? Specifically, is it better to take any excess cash and pay off rentals early with any excess cash you have or wait until you've saved up enough where you pay off the mortgage in full and keep the excess money in the stock market while you're waiting. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals early with extra cash flow or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties early with extra flow? See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals in full early or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties in full early? You keep your money invested in the stock market until you have enough to pay off the lowest balance mortgage. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off your owner-occupant mortgage when Nomading™? - Is it better to pay off your owner-occupant mortgage when Nomading™ if that means you're financially independent? Or, should you just do traditional Nomad™ without paying off your owner-occupant property early? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 20% down payment rentals or keep renting instead? - When you're buying 20% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 25% down payment rentals or keep renting instead? - When you're buying 25% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 20% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 20% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 25% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 25% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
Specific Strategy Summaries for New York Cities
The following are the various scenarios we ran summarized with New York cities highlighted.
Check out how these reports summarizing how a particular strategy performed across all states:
- 5% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
- 5% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
- 10% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
- Nomad to Short-Term Rentals with 75% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
- .5 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
- Nomad to Short-Term Rentals with 50% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
- 10% More Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
- 25% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
- 5% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
- 10% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
- 10% Less Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
- Nomad™ and Sell ALL Rentals if SWR Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
- .25 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
- 10% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
- Nomad to Short-Term Rentals with 25% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
- Baseline Nomad™ Scenario - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
- 10% Property Manager While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
- 3% Property Price Discount While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
- Nomad™ and Payoff OO if Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
- Buy Non-Owner-Occupant All Cash As Renter - Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
- Buy Non-Owner-Occupant All Cash - Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
- Nomad™ Start with $0 - Do the traditional Nomad™ strategy except you start with $0 saved up.
- 5% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
- .5 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
- 3% Commission While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
- Nomad™ and Sell SOME Rentals to Payoff Others if FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
- 20% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
- .25 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
- 10% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
- No Real Estate, Invest in Stocks - Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
- Pay off mortgages early when Nomading™ with any excess cash. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
- Pay off mortgages in full early when Nomading™. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
- 25% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
- 20% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Detailed New York City-Specific Modeling
Check out the detailed modeling for these New York cities.
Albany
Buffalo
New York
Rochester
Syracuse
Yonkers