Hi Jaime, if you’re new to real estate, here are some easy steps to get your feet wet and started: Read a Real Estate Book: Grab a good book to learn the key terms and language.

You're right, experience is key when lenders look at financing a construction deal.

I’ve been hearing a lot about cost segregation studies and have a few questions…- What are some of the key factors that determine whether a cost segregation study makes sense?

Government is nailing real estate investorsto the wall in a bold move to control financial crimes.BOI is yet another Federal program, “Beneficial Ownership Information”.The BOI program, a key tool in the fight against financial crimes, requires every business to document their 'Beneficial Owners '.

—will be key to success!!

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

My partner was on the acquisitions side of things, so he is extremely knowledgable in novations and creative ways to get the property under contract and I still have an extensive list of buyers, I have built very good relationships with from when I was doing dispositions.I am open to any thoughts on the best way to start and I am open to networking with any one to hear how you got started and what you would do differently now that you have more experience under your belt!

The key is to take one action item every day, no matter how small.Write out 100 things you want to achieve this year, and then try to knock out at least 5 each week.

Labor costs are high in NYS so controlling your variable expenses is key.

The key in my mind is disconnecting a STR from a "rental property" for tax purposes.  5) Why does this Loophole Exist?