Also, keep an eye on sales activity in the neighborhood, including how long homes are sitting on the market and recent price trends.### Avoid Common MistakesBe cautious of common mistakes like underestimating repair costs, not having a solid exit strategy, and overpaying for the property.

My favorite option for putting your own business into play is mixed-use which is retail on the bottom usually and residential on the top.

I'm looking to connect with fellow investors and rehabbers who are active in these markets.

There are plenty of real estate groups where investors are actively looking for properties.

A real estate professional can use real estate losses to offset W-2 or other income, but you would need to meet both the:1.750-hour rule – You must spend at least 750 hours per year in real estate activities.2.50% rule – More than 50% of your working time must be spent on real estate.Since both of you have W-2 jobs, it might be difficult to meet these requirements unless one of you dedicates significant time to real estate.Another option could be buying multiple rental properties.

If you or someone you know is active in this space, I’d love to connect and discuss how we might collaborate on upcoming opportunities.Feel free to reach out directly via DM and I look forward to learning more about the local market and building strong partnerships!

We move fast and look at a LOT of properties when we are actively buying.

.” — Lawrence Yun, NAR’s Chief Economist“The return of sellers to the market appeared stronger than that of buyers, continuing to lift the pool of active inventory and ease competitive pressure slightly over September.

So having a professional site with active social media is a key as it will indirectly attribute to the conversions and your brand credibility.  

We currently have a LLC that owns our existing rental property and we run the short term rental activities through this LLC with its own separate bank account.