Making money in real estate requires experience and starting with no or little money makes you study harder.As much as most of us probably wished for it, getting started with a lot of money in your pocket is a recipe for disaster: the temptation is to make the deal work by throwing money at it.If you want to go into real estate go with a syndicator with a good track record.

Bankers are also brainwashed to hate real estate investors.

Quote from @TJ Dittmar: Finally taking the steps to get started real estate investing.

I have been in real estate full time since 2012, started investing in Sober Living homes in 2019 and we now have 62 of them across 14 different states.

Welcome to the world of Adaptive Reuse and Zoning Loopholes, where creative investors find new uses for old spaces and capitalize on overlooked opportunities in NYC real estate.Here’s how to leverage zoning variances, permit strategies, and repurposed properties to maximize profits while avoiding common pitfalls.Step 1: Find Underutilized or Misclassified Properties 🔎Many buildings in NYC aren’t being used to their full potential due to outdated zoning, expired permits, or ownership restrictions.

.❌ No—If You Don’t Have the Time or Expertise.If you don’t know how to clear violations or navigate the DOB, you risk costly delays and legal battles.Final ThoughtsInvesting in multifamily properties with compliance issues is not for beginners, but for those who understand NYC’s real estate laws, permitting process, and violation removals, it can be an opportunity to buy low, fix smart, and sell high.🏗️ Fix the problems others avoid, and you’ll find the deals they never see.💬 Have you ever bought a multifamily property with violations?

Hello BP Community,I have  been a BP lurker for many years and after falling out of love with retail real estate- I am oh so READY to get into investing (my first true love).

Besides reading and listening to podcasts, my wife and I attend a local real estate investor meetup that has been extremely beneficial. 

I’ve had cases where it seemed like an easy fix, but dog hair can be a real nuisance that requires specialty equipment or extra cleaning hours.

If it cannot do that, it's likely to make little to no money in the first year or two.