Westchester, although one of the hottest markets, has a ton of upside with opportunities for both cash-flow and equity. 2-4 family properties in Westchester are the 2nd most affordable in the NYC Metropolitan area (next to Suffolk County) making it easier to find cashflow opportunities when compared to the boroughs and other suburbs like Nassau.A client of ours in Westchester recently purchased a < $800K 2-family with a detached 3-car garage which brings in additional rental income - from a local business owner with commercial vehicles.

Paying for vehicles or gas = ?

A self-directed IRA or 401k can be a great vehicle for loaning money to others without getting hit with taxes on the interest income.

Feel free to share more about what you’re working on—I’d love to connect and collaborate.Wishing you a productive week ahead! 

If your padsplit residents have vehicles that can cause parking issues.

I use a schedule E and do not have an LLC or business name, so can I purchase the vehicle under my personal name and take section 179?

To throw a wrench into things, if we were talking about real property/structures that were being short term rented, it's possible/likely that your depreciation period would be 39 years, not 27.5.However, a vehicle - which is what an RV is, regardless of how you're using it - is 5 year property.

What is the financing vehicle? 

Hi Moustafa, congratulations to you and your wife on your marriage and for thinking ahead about financial independence!

Multiple vehicles of storing money; fixed income, equities, crypto, alt investments, real estate, etc.What avenue makes the most sense for you to get into real estate?