- and finally once you do this, realize it will never even be close to how it actually plays out in real life, but it can serve as a guide for what sort of money you may need to save up to try and actually accomplish something like this.

In today's day and age of social media, the Internet and super catchy reels and videos, attracting your attention to higher returns, promising life changing strategies and tips on how to quit your 9 to 5 job; A lot of people really neglect what real Real Estate investing is all about. 

Realtors are the same percentagewise as any other profession, whether it be doctors, lawyers, contractors, you name it. 10% are garbage80% are average10% are pros If you can find the last 10%, go with a Realtor and make your life easier. 

When you add books + podcast, your time in the forums here learning, AND in-person networking and relationship-building with real-life real estate investors, you will gain more confidence in the reality and soon be in the starting lineup.

You live in NYC and are close to so many areas where you can make a more sound multifamily investment.Most of my holdings in my life have been in NY and the landlord-tenant laws never were much of an issue because of how I chose tenants, but it's certainly a consideration.

Jackson MS 80% of your rental pool is on some sort of subsistence Portland maybe 15%Jackson life long renters ..

I'm out here taking risks and learning HARD life lessons! 

A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

This is a good business, it can and will change your life if you Execute!

The relative is moving states trying to change their life.