The combined cash flow and appreciation from these new investments could potentially surpass what you're currently earning, even if the immediate cash flow isn't as strong.

This approach allows them to add value, increase equity, and create rentals that can generate strong returns.If you're thinking about commercial real estate, there’s definitely a learning curve, but the long-term stability and potential for diversification are huge pluses.

Been dealing with NYC DOB, initially as an Expediter, now as a Licensed Architect on behalf of my client's and their projects since 2005. 

To convert STR to LTR, evaluate rental comps, hire a property management company, explore multifamily properties in strong markets, and use a 5% Fannie Mae loan to buy a multifamily property.Good luck!

I wouldn’t do an initial draw at closing.

**Privy** tends to offer strong MLS data, **Propwire** focuses on off-market properties, and **Backflip** specializes in investor-focused analysis.

Hey Lucas, If you are a first time flipper, I would anticipate 75% on the initial purchase price/ 100% of the rehab financed. 

Drop a comment or DM if you’re interested—let's build a strong local network and explore potential collaborations.

in short, it's going to take a lot of networking and time that doesn't initially have any revenue attached to it.hope this helps

That will put you in a strong position when you start investing in real estate.Using this time to learn and prepare is a smart move.