There is probably next to no one making consistently $1mm after taxes per year on this forum.    

My advice: focus on building a strong financial foundation first save consistently, manage your credit, and educate yourself on real estate fundamentals.

The paperwork, the tenant communication, the financial tracking – it was all so time-consuming and stressful.

There are certainly many hidden opportunities here, and having boots on the ground along with a great property manager is essential.For your first property, I recommend looking for something that will provide consistent cash flow and require low maintenance for at least the next 5-10 years.

Even with stricter regulations, investors see consistent demand and potential for appreciation over time.

SFR will initially produce zero income (unless you rent rooms or until you move out.)typically investors that consistently buy multiple homes a year are experienced in the REI game with lots of connections and access to cash. not always. but more often than nothappy to discuss your investing goals more

If you have an attorney, I highly recommend having them review any proposed changes and communicate directly back to the corporate attorney if they have any concerns.

I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.

I have bought over 15 million and sold over 50 million of real estate in the Cleveland and Columbus, OH markets in the last 3 years and the vast majority comes from 1 - cold calling targeted areas consistently with good data2 - networking with agents, wholesalers and those who are consistently doing deals.

Hi Aya,The value of the home will remain consistent with all other comparable homes completed in an appraisal.