When I was a kid my dad hauled me around with him for years doing his RE sales calls and meetings with his RE attorney.

The property sits on 5 acres, and after a successful first year with cash flow, I’m exploring ways to expand.Initially, I considered building another home on the property to use as a second STR.

Have you identified a property yet, or are you still exploring options?

It’s always exciting to explore other booming markets and see what makes them stand out.Happy to connect and chat more about this!

Probably wiser to deploy just a bit more ($1.2 mm - $1.3 mm) and try and get a 3 or 4 unit property via FHA.Jersey City is very hot right now and certainly worth exploring, but have you also considered Brooklyn, Queens or the Bronx? 

But if hold on them for awhile and pay them off, then your family and kids and enjoy the income they produce.

College used to be a lot more affordable, I studied in Europe (where college is free) and it blows my mind to see kids with 200k student loan debt trying to get ahead on a 50k job.The housing market has started to drift apart geographically.

Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago

Or any friend or kid of either unit.. which is why there shouldn't be a switch there.Are you trolling with these posts? 

Going to take some time but I’m hopeful to help make downtown a place in excited to bring my kids to and for them to know their dad played a small part!