All Forum Posts by: Eric Gorostiza

Thanks for the replies everyone! I do have a CPA and will reach out to them, just curious how beginners like me approach it, or do they wait until they get to bigger multi-family or commercial properties.

Hi everyone,

Just closed on my first rental property (new construction), wondering what everyone's thoughts are on obtaining a cost segregation study for my property. I'm not 100% sure if I will qualify to be a real estate professional this year, but doing the study seems beneficial either way. What have you all done?

Thanks,

Eric

I'm about to close on my first investment property out of state (Las Vegas, NV) and wanted to keep the momentum going to search for my next property. What are some things that helped guide you to find the next property to invest in? Was it an article about the top rental markets, job data, friends/family? I'm interested to see what data/criteria helped you decide where to buy next rather than just asking where I should invest next. I've got it narrowed down to wanting to invest in multi-family next, but don't know where to start in terms of location. Thanks!

Thanks for the tips Michael, I agree to all of them and have them on my list. I've been comp'ing some listings for rent and noticed that new construction homes were missing window treatments.

Thanks for the welcome Jack and Nick. The house is supposed to be done in the March/April timeframe assuming no issues with supply chain and etc. We were planning to use it as a vacation home at first, but I think once we close we'll probably get it ready for rental. Short term rental is not permitted for this house according to HOA bylaws.

Hi everyone,

I've been listening to the BiggerPockets Podcast for a few months now, figured I'd finally sign up. After being laid off from my tech job 2 years ago, my outlook on my financial aspirations changed, and I started really thinking about how to get to financial freedom. One of the things I've been thinking about is how to lower our taxable income, and build another income stream. We came to the conclusion that real estate would satisfy both. My wife and I recently put a deposit down on a new construction house in Vegas to start our financial freedom journey. This will be our first investment property, so I've been combing through all the resources available to prepare for when the house is finished and getting it ready to rent. Beyond that, I'm also looking for opportunities to invest across the country.