Also, qualitative ideas would be welcome just conceptually what we should do.

Based on how they respond you have an idea of what they are willing to do and you can now go and find that property.  

I have no idea how that works.....thanks so much

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

Have any idea about Gift tax in NY?

We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.

I’d love to hear more about your goals and where you see yourself starting in the investment space.Looking forward to connecting and sharing insights as you grow your expertise—don’t hesitate to reach out if you ever want to chat or bounce ideas around!

I have an idea of an initial investment and returns I would like to hit, but would love to speak with those of actual experience to see if my numbers are realistic.

Best Practices for Finding a PartnerWhat are the most effective ways to find a solid investment partner?

So for the first property which will cost over $1 mil to construct, there will be stacked loans, essentially $280K will come from loan assistance program,( the name is not correct but the same idea).