Quote from @Paul Novak: Quote from @Don Konipol: @paul @Paul Novak First congratulations on finding and sticking to what’s successful and comfortable for you.You can always ACCELERATE wealth creation; the question is do you want to take on more risk and or dwell outside your comfort zone in order to accelerate? 

One key takeaway from this deal was the importance of sticking to a strict renovation budget to maximize returns.

In terms of maximizing your returns you want to compare the interest to an alternative.

I’ve visited every other property I’ve considered in the past, so this is uncharted territory for me, and it feels a little out of my comfort zone.I’m considering putting it under contract sight unseen to lock it up, but I don’t want to make a rookie mistake here.I'm looking for some advice here.

If you're comfortable living where you are, equity in your current property or your savings rate would be the two other ways to get your next one which is going to be much slower.

Speak with lenders early to understand your borrowing power, and explore multifamily properties to maximize your house-hacking potential.

I started my career working for Marriott in New York and Toronto, specializing in dynamic pricing and maximizing revenue.

I have built enough capital to feel comfortable investing heavily and am interested in either a flip, small multi family, or commercial.

Maximize Tax DeductionsReal estate offers some of the most lucrative tax deductions in the investment world.

Because they’re ideal for creating comfortable and functional shared living spaces.5.