., rentals, flips, or house hacking] and eager to build a portfolio that leads to financial freedom.Currently, I’m learning, networking, and analyzing deals to take my first steps.Questions for You:What’s the best advice for a beginner?

Whether it’s exploring investment opportunities, brainstorming ways to leverage your tools, or connecting with local networks, let’s see how we can create value for each other.Looking forward to hearing from you!

Start by networking through local meetups, REIA groups, and online communities like BiggerPockets to connect with experienced investors.

Also, networking with investors already in commercial real estate could give you some great insights.

They tend to go after rookie investors and have seen to many in my network that have purchased "bad deals" and are in a bind with NW deals.

I have no fear of running the numbers, building a team, investing, repositioning, refinancing, selling or holding larger properties.

Quote from @Bob Dole: All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, front load (vs. just a straight line over 39 years) -save money on taxes because of the depreciationCons: -if I sell the property, the recapture will be larger -not recommended if you flip propertiesSo hypothetical situation:-Majority of our income is W2 based, let's say it's $500k-Net income from commercial rental is $100k-Income from dividends and interests is $100k-Both of us are full time W2, so non-prof real estate (but this can change  -- please see below)So we're hypothetically grossing $700k a year. 

•Likely, the new property wouldn’t be cashflow positive due to the market conditions.2.Upgrade to a Bigger Property and Sell•Sell our current home and move into a larger house to better meet our family’s needs.• Use some equity from the sale to make this transition smoother.I’m torn between maintaining our current home as an asset and buying  a new smaller house to use as a rental after we move back in versus simplifying and focusing on a single upgraded property Considering factors like market trends, potential equity growth, and quality of life, which path do you think would be most beneficial?

I have been to RE meetups in the past with like-minded everyday investors pursuing similar goals, sharing stories and learning from each other, running through numbers, sharing network contacts, and even doing deals together.

I found this deal as an off-market property through my local network in the Hamptons.