One of the most important lessons in real estate is that you never fall in love with the deal.

That's one of the most common fallacies in real estate investing.

Quote from @Felicia Nitu: Quote from @Jay Hinrichs: hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.Hi Jay, the affordable housing requirement can definitely be a dealbreaker for some projects.

Purchase price: $675,000 Cash invested: $250,000 Country estate with 2 houses.

Note at “standard” MLS market rent to price ratio, the property tax alone is ~20%.

I prepare my taxes myself and cannot find a way to reduce my tax burden through real estate. 

I'm happy to share my experience with this market if you'd like to message me to set-up a call. 

The flip side of that coin is that if you are in the market while rates are high, there's a lot less competition.

Hi All,I’m excited to join this platform and connect with other professionals in the real estate industry.

To prepare, start networking with investor-friendly agents, analyze local rental markets, and get familiar with financing options for multifamily properties.Good luck!