I also agree with @John Underwood that purchasing this with the intention/purpose of having a write off isn't a sound reason to purchase.Happy to have a call to dive a little deeper.

Starting with flips to gain contractor experience is a smart move before diving into development.

Welcome to the BP family and congrats on diving in. 

,I totally get where you're coming from—diving into real estate can be a bit overwhelming, especially with kids and everything else on your plate.

Good Evening @Abel Curiel, I'll for sure dig a bit deeper into Suffolk and Westchester in my mind I did not want to wait that long to save up $50k, but maybe it is the smarter/safer move to be patient so I can have a strong basis for my portfolio.

Going from 4 to 2 is still speculation from the market; the reality is Jerome has to analyze each months' CPI & unemployment deeper in 2025 than in 2024.

Brickell has that same kind of potential, but with even higher rent ceilings thanks to its location.A couple of things to keep in mind as you dive in:Financing: As a first-time buyer, you might qualify for low down payment programs.

The other option would be diving deep with a bookkeeper to have them help run more updated books than just monthly.

I also run a handyman business and am diving into real estate investing.

Localize City (Homebuyers and investors who want a deeper understanding of neighborhood dynamics and potential risks) 8.