However, after dealing with the constant headaches of repairs, complaints, and other issues, I made the decision to shift my focus to larger commercial deals in partnership with others.I have co-founded a coinvesting club, allowing me to diversify my investments across multiple deals.

Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.

With rent control in NJ, yeah, it’s mostly a waiting game if tenants don’t leave.

Proc. 2013-13, 2013-6 I.R.B. 478 (February 4, 2013)Report on Schedule E, not Form 8829Allocate expenses if managing multiple propertiesCaution:   those Home Office Deductions cannot be used to increase your losses!.

A borrower really needs to have at least some "skin in the game" to make lenders feel comfortable.

I am new to the game with 1 property leased to section 8 under my belt and was about to buy another.

My area is relatively low crime, but had one place that someone broke a window to get in.... probably a homeless guy looking for a place to sleep....got scared when neighbor turned light on.I put in a SimpliSafe unit... portable, easy to set up, multiple options- you can use a webcam and get alerts on your phone and future tenant can pay for full service if they want. 

Early on, I was locked into a competitive mindset, but once I started collaborating—whether with wholesalers bringing me deals or flippers looking for exit strategies—it became a game-changer and ultimately made me more successful.

Because investing in NY real estate is a whole different game with taxes, regulations, and all that fun stuff.

I already have proof of concept in Raleigh as Ive talked to multiple people (including the agent Im working with there) saying airbnb-ing rooms is a cash cow there.